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hi I'm Ruben Cowan co-founder of coin launch today I'll be walking you through the different steps of the coin creator application before I do I'd like to take a moment to explain some of the key capabilities and how it works in a little bit more detail when you go to the coin creator page the first thing you'll see is a pop-up window and this encourages you to do a few things one install the meta mask extension the meta mask extension is a wallet for aetherium it allows you to actually deploy your application or gaps distributed applications on top of the etherium network if you're using Chrome Firefox edge or opera you can go and download the extension at this time okay so let's get started the first thing you're going to do when you create your initial coin offering contract is you're going to want to switch from the etherium live net to the theorem test net this is important on the live net you're using real etherium and this has real value when you go to the test net it's test it's fake you can get as much test ethers you want from the rink beet faucet we would highly recommend you switch to the rink be test net before doing any initial deployments once you're comfortable you can switch back to the live net a couple things to keep in mind when you switch networks or blockchains it's important to restart your browser just to clear any previous settings from your cache okay now that you've switched from the live net or main net to the test net you're ready to set up your first initial coin offering you'll see a few different options right off the bat the first option is apply token only contract then the token only contract is an option that allows you to to skip the crowd sale itself this is useful if you're looking to issue things that may not need to have a structured sale attached to it such as an event ticket or coupons incentives or even potentially certain kinds of securities if you are issuing a direct security make sure to have the appropriate legal and accounting representation that matches the door' jurisdiction in which this will be offered specifically to those buying it again I cannot say this enough make sure you have a good lawyer in place then the next thing you're gonna see in this case I'm not going to do actual token only contract so I'm gonna click that off and then I'm gonna set the actual coin or token name to test this is again sort of a broad description of the actual token and the next and this is probably more important is the actual symbol and I'm gonna call this test as well this is not unique meaning multiple people can have multiple names that are exactly the same so the name will be registered on the ethereum blockchain but there could literally be a million other tokens with the name test the only way to get an actual sort of unique verifier or name for that that actual symbol would be with various exchanges version number allows you to keep track of which version of the actual token you're creating this is particularly useful when you're doing deployments on the test net I would suggest doing many deployments on the test net to test your campaign before you go to the main net go through the entire process fund it finalize it see how it works and make sure you understand the process before you go and spend actually if they're on them on the main net initial supply this this is the amount of tokens that you're creating this is similar to let's say this the overall float for an IPO how many tokens may exist so some of those tokens will be sold some of those tokens may go to you it's the allotment and if not all the tokens are actually bought then the unsold tokens will be burnt meaning they're deleted they're gone forever so if you want to have a sort of allotment to yourself in the next tab you'll see an option for that and then decimal points decimal points is the amount of stuff that the actual token can be sourced you know cut cut off and made available if you look at Bitcoin I think the number is nine decimal points certain applications may need more and and others may need less this is essentially the point zero zero zero zero zero zero kind of option that you'd have in in making your tokens available to be purchased or traded so you could trade one you know 18th of a token kind of offering so it's an important number okay now we get to the exciting part this is where you actually set up your ICO contract this is the part of the actual crowd sale campaign the components you have here really define the terms and conditions of your crowd sale so it's important that you spend a lot of time sort of thinking through these parts so the fields here are pretty self-evident but I'm gonna walk you through the first is it is a critical one this is the address in which the successful funds will be deposited this is when the terms of the actual ICO are met when you meet the minimum contributions or maximum contributions in time where the funds that get get to go this is your wallet address make sure that you you put the correct number in here and you do an address and test it several times you can grab that from your meta mask wallet address or any multi-sig type address the tokens per team token for team is the car vet this is the tokens that you make available for yourself or people involved in the actual crowd sale who are not directly funding the crowd sale this is important so if you're allocating 33% of your tokens to be sold and you want to keep the other you know complete components and available to you then you need to make sure that you set the right number in here the minimum contribution in terms of the presale this is the amount that you are selling or the minimum amount you're selling your your tokens for during the presale so what you're saying is basically what's the minimum contribution you'll accept during that phase of the crowd sale so generally speaking you probably want to set a higher number for the earlier sort of participants because they're probably gonna have a higher bonus structure associated with that which I'll show here in a minute then the next is the main sale so once you go from a private sale to a main sale you you probably want to have a different number yet again this is gonna be a broader market offering and you probably want to lower that number so having the number to find is is pretty important the max contribution ether this number is also pretty important in terms of having a kind of one-size-fits-all or or you might want to have or limit the ability to have one user sort of dominate your entire offering so rather than having one buyer take the entire offering you could say that no one backer buyer has the ability to have more than a certain amount of ether so it's important to set that number as well the max cap the max cap it can be a little bit confusing so the max cap is not set in ether it's set in tokens so the maxim minimum cap essentially the amount of tokens you're looking to sell so the token value in is multiplied by the max cap so if you're selling a token for one ether and you set a hundred tokens then you're looking to raise 100 either if you're lose so it's important to understand that the value of that token is directly correlate to the maximum and minimum caps so the minimum cap is a minimum amount of tokens you are looking to sell that you would deem as a successful campaign so you want to set that number something less than zero but something not too high that says that if you raised four million ether you and the minimum cap was five million the project would fail and the proceeds would be returned so you want to have that number something realistic so something higher than zero and something less than the max the token price this is the price of the actual token itself so for example if you set the token price to one and you end and you sent one ether you'd get one token if you set the price to 0.1 and you sent one ether you get 10 and so on so the that's the price of which the token will be made available and lastly the duration the duration is also pretty important it's particularly important if you don't hit the max cap so if you hit the minimum cap and you set your your campaign duration of 365 days and you're happy with the minimum cap you have to wait 365 days until you would be able to finalize your actual campaign so if time is a is of the essence and or and/or minimum or maximum cap are important you want to find a balance between the two you probably don't want to set something that's 365 days but you also probably don't want to set something that's set to a you know 14 days if so you probably want something in the in the ballpark of probably 30 to 90 days as a sort of campaign duration so in the worst case scenario you hit your minimum cap and you're waiting 90 days before you can finalize the actual campaign itself the other thing to keep in mind the duration in terms of days is an estimation based on block numbers meaning you have to actually meet the block number not the specific date or time the date and time again is estimated by the system but you cannot finalize until the Block in aetherium has passed so there's an option you'll see under the management tool and in another step here which will show you where to find that information the bonus section defines the incentives for early backers of your crowd sale it's broken into various periods which are based on time so if you rollover you'll see the amount of time for the first periods in this example is 24 hours the second period is 48 hours and the third period is 72 hours a bonus is a percentage of the amount of purchase tokens so if a user buys 100 tokens and the bonus of 50% these are gets 150 tokens so you'll see that there's a 50% bonus the second bonus here is set to 30 the third is set to 20 we also have a pre-sale bonus so during the pre-sale phase of a project you can define a bus a larger bonus structure in this case they would have a 75% bonus so it's the about 100 tokens they'd have they get 75 additional so they have 175 tokens the vesting section is the section that determines when and how the tokens are made available to your backers it's broken into three basic parts but before I go into that let me give you a little bit of background on what the vesting section does and why we have it one of the challenges of the early IC o---- projects was the fact that a lot of the early backers of IC o---- projects typically got a very large incentive or discount on the actual tokens that they were given which when the I SEOs became publicly traded on various exchanges meant that a lot of the early backers were the first to actually sell their hold which created a downward pressure on the token price the vesting creates a capability that allows the actual early backers mechanism to not exit their position immediately you have three options for configuring your vesting components starting with the vesting duration the vesting duration is the amount of time in which you're vesting will take place it's defined in hours in this example I've defined 730 hours which is roughly a month the vesting cliff is a time after your vesting begins that the vesting will actually take place so there's a clip there's a sort of period of time that the user has to wait this is a month as well so in this case between the duration and the cliff it would take two months for the entire vesting schedule to complete and the last option is when the vesting will actually start based on a date in this case we've selected March the 23rd so the cliff would be one month after March 23rd so the vesting would start April 23rd and it would complete on May 23rd ok the final tab is the summary tab at this point we're almost ready to go and take a look and deploy the actual ICO contract before you do you might want to take a quick look and make sure all the fields are correct and the way you like it the one thing to remember before you deploy an actual contract is it's atomic it means once you've deployed it it doesn't change it is what it is forever ok now that you've clicked the contract tab you will you'll be presented with a variety of functions relating to the deployment and management of the actual crowd sale contract before you can actually deploy you have to well read a bunch of this legal stuff so read through it I would suggest you actually read through it so you understand where you're going to and once you've read through it the deploy option will become available the first thing you're going to do is you're gonna deploy if you even if you require whitelisting which is the ability for certain users to only have access to the contract then you'll make sure you want to include that capability by clicking it on otherwise click deploy so the first thing that happens is a contract gets compiled so if you understand the way what theorem network works it takes something called a solidity contract and then provides the ability to actually deploy it against the etherium main net in this case we've selected the link be test net again make sure you when you're first turning out to use the test net it doesn't cost anything to deploy you can get test ether by clicking on the get test ether button in the main interface itself I've already done that so I'll get some I've got some ether I've got about a 9/16 err in my count so I'm gonna submit it you'll see that the gas limit is set to three thirty three hundred thousand gas prices at the twenty and now I can submit the first contract so I submit that and what that does is deploys the actual contract so the next thing that happens is you're going to wait for a mind block to return the actual contract itself so what this is doing is essentially sending the contract to the etherium network or tharam blockchain and then waiting for miners to respond and say yes it has completed successfully so this process depending on the time of day and and whether or not it's going to either the the actual test net or little the main net couldn't take anywhere between two to five minutes now that the actual second part of the deployment has completed I'm gonna submit the actual crowd sale and token contract so this is the token contract the first part was the actual crowd sale contract and then again similar to the first one it'll you have to wait for the actual block to return and say that the contract has been successfully deployed to the etherium network again this can take anywhere generally between 90 seconds to to about two minutes if for this process doesn't work and you're waiting let's say 10 minutes it means that you have to restart your browser there is a bug in the meta mask wallet it's a bug that we're working to fix but currently if it takes more than let's say about 3 to 5 minutes it's never gonna end so you can kind of get a feel for how long it's taking by watching this video it doesn't take that long take it takes it takes a little while but not too long so I'm submitting and now the final stage here is the actual deployment of the the combined contract so there's two contracts there's a crowd sale contract and there's a token contract the final contract is the actual combination of the two at which point the comm the combine contract will provide the actual crowd sale contract that you give your end funders or buyers of the actual IC o---- itself you will be presented with that at the very end here I can just give you quit well wait for the result and you'll be able to see it okay we've successfully completed the IC o---- deployment your first IC o---- so you'll see a contract address here this is the the address you give again if you've deployed on the test net it's only gonna be functional test net if you deploy this on hold on the main net then you can use this address to actually do a live IC o---- with real ether okay now that you start at the crowd sale you have the ability to actually create a whitelist you do the whitelist while that allows certain users to actually have access to actually fund your project itself so if you want to limit who has access then you can add their wallet address into the whitelist so oftentimes that is done by having a form on your website that you use as a base of accreditation that accreditation would be based on where they're coming from it could be a certain city a certain province or state a certain country and based on that they have the ability to actually fund your project when you deploy make sure you choose the the option of the checkbox to actually allow this to happen so you can check if someone already is white listed you can remove them if they already are and you know them no longer want them or you can add them okay so you've deployed your first functioning crowd sale contract to the etherium Network the next step is to actually start your contract so you close the window go back to the contract tab and then rather than deploying you're gonna choose to start it click start like all etherium based transaction you're gonna pay some gas to actually deploy it make sure you have enough gas and click Submit at which point you're going to see another blockchain process this is gonna execrate execute a start contract function within the contract right this should again take me at 90 SEC track has possibly a little bit mainsail has starting amount of activity and the amount of gas you give keep in mind the amount of gas you give actually controls the speed in which the transaction will it will occur more gas the pastured happens the less gas the slower it happens if you don't put enough gas it may not happen at all so there the that number is actually quite important if you read our user manual you can see more details on sort of what the optimal numbers are for that but generally speaking those numbers are actually going to be defined in the function call itself so you can just use the defaults and they should work so at this point the ico contract has started now we not only do we have a live contract we have a functioning one so you cannot engage people cannot send money to that contract or engage with that contract until you've actually start the ico it's important to do this if you don't do this people can't send money to it if they do send money to it it's going nowhere make sure that started okay you see some other functions here as well so we've just started the IC o---- itself but we've also got the ability to stop it you may want to stop the contract maybe for a number of reasons maybe the the contract isn't ready maybe you're not ready maybe do more marketing or less marketing you hire a better lawyer hire a lawyer any number of reasons you might want to start or stop it you can resume it once you've gone from a sort of pre sale so the first stage of a contract is a pre sale this is the the terms that are set as this first step you want to go to a main sale so the next step is to choose that so you're gonna you're gonna click the start mainsail and then again you're gonna pay some gas to to to start that part of it so that transitions from a pre sale to a main sale so let's start that so submit that and then we're going to verify the contract again this takes about 90 seconds maybe two minutes and once you've done that the the process of the contract moves from again pre to Maine okay now that your mainsail have started you can actually check on the status of your sail itself so by clicking on the return ico status link you'll see a field and it tells you some information in regards to your status the beginning block this is when it was actually deployed your ending block this is the end of the duration of your actual offer and basically tells the timeframe which your offer is made available start date which was today end date which is roughly I think was 730 hours so if you know a couple weeks and number of backers I've just started this is a demo but if you actually send ether to it you'd see number of backers how much we received minimum acts and various other related components tokens that are available you know what if it's a public or private sale I am whether it's closed or not so now let's just assume for a moment that we've received all the funds that we want to get the time frame has passed and it we're ready to finalize the sale again you need to meet the conditions of your actual sale so a couple things have to happen the time has to have elapsed if you set a a six month cycle and you want to finalize it one month in it's not gonna work if you've set a minimum amount of capital and you haven't met that minimum amount it's not gonna work so make sure you've met the primary objectives and settings for your contract before you attempt to finalize it once you are ready to finalize it really all you need to do assuming that those criteria have been met you click the finalize button and the final line button essentially will send a signal back to the contract and and tell you to actually send it you'll notice that this is a transaction error well the transaction error is is happening because we haven't met the criteria yet for the actual completion of the project I literally just created it five minutes ago and haven't sent any actual ether to it and the time has so I can't actually do it yet but assuming that all those things have met you you we will be able to just basically submit it now that you've finalized your contract the crowd sale is over a couple things would have happened you can check your ether wallet and you should see the actual contributions that were sent to the two-year cloud sale contract now in your wallet so you you would now have the ability to transfer that to any other wallet or spend it and do whatever you please with your actual ether the other thing you can do is actually enable the vesting capabilities so the vesting capabilities again allows for the capability of tokens to be given and allocated based on the vesting schedule the easiest solution if your users want to actually collect their tokens is to send them to this page and tell them to put in the their their address and allocate the actual tokens so putting in your wallet address here and then claim or just clicking claim vested amount actually based on meta masks you shouldn't have to even put your wallet address in you just should be able to click this claim vested amount and you should be able to claim them you can check if you have any vested tokens available if by clicking this as well and that will return a response a skin and seeing if you've got anything available in this case that you have zero tokens available for withdrawal so I don't I don't currently have it if I did I could actually claim them you can you can check all claim tokens and check vesting schedules you can allocate if there's a carve-out send them to a particular user and allocate non vegetable tokens so you've got a variety of functions here this is how you actually manage the the tokens after the completion of the project you'll also want to send your end buyers to this page this this page can actually be embedded within your own website and one of the things a lot of our users do is they actually send their users and tell them to check the vesting schedule and make the claims themselves so if you click check vesting schedule you will be presented with an interface that tells you when the vesting schedule will occur and how long it'll take to last so you'll see that the cliff and the one vesting begins and so forth that will allow your users to actually make the claims when they become available within the system you also have the ability to manage existing ICO contracts multiple ICO contracts you can transfer tokens to certain users so let's say you have again a carve-out if you've allocated a substantial amount of tokens to yourself and you want to give those tokens directly to certain users you can put their wallet address in here and select the amount that they would like to transfer you can also select previously loaded contracts if you've registered with the system and are logged in you can load previous sub contracts you can also choose to contract by address if it isn't you know previously in the system and then you can contribute to other icos on the platform directly from this interface as well by putting in the contract address and clicking contribute okay next is managing multiple smart contracts if you register for this site you'll have a dashboard available to use that gives you additional capabilities the primary capability are the ability to manage more than one contract as well as things such as kyc and campaigns so I'll start with showing you the actual mode multiple contract option so if you go to dashboard and choose manage contracts you'll be presented with an interface that allows you to see the various contracts you've deployed and what network they've been deployed on you'll see things like the Rob Stinnett work you'll see other ones who if it's on the main that you'll see www and so on the vast majority of the deployments I've done recently our test net so you see that they're there on the Rob stone you'll also see that I've done different types of deployments I've done an exchange token which allows you to facilitate the transfer of tokens based on a theory M sent to an exchange contract you'll see a token only deployment which allows you to create just the token kind of a central bank of sorts where you can issue the your direct token as a currency and or event tickets are various or a direct facilitation you see IC o---- for IC o---- you can actually manage the process once deployed so if you click manage you'll see there's a widget that shows up and gives you some additional capabilities so you've got the ability to see starting any blocks I haven't started this IC o---- so the these are all currently at zero but if I want to actually start the IC o---- I could sue to started if I wanted to go from a pre-staged pre-sale to a mainsail I could do that I could stop it if I needed to or restart it and ultimately I could finalize it keep in mind when you finalize you need to make sure that the the various terms of the crowd sale contract are met such as the amount of contribution to it as well as the timeframe tokens you can actually allocate tokens after the completion of the crowd sale itself so if you want to send tokens to different backers or you want to keep some for yourself this is where you can allocate that and if you're actually looking to validate or verify your your contract based on an audit you can go to export and choose to export both parts of the contract so you can export the ICO contract with a token contract and you can click enable this is and this can be done after the deployment of the actual ICO well thank you for watching the introduction to the coin launch coin trader that wraps up our presentation today if you have any questions feel free to reach out you can always get a hold of us by clicking the chat icon in the bottom right hand corner of the interface this allows you to get in touch with any of the developers myself roof My partner Randy and we'll do our best to get back to you as quickly as possible or in hopefully in real time if you have any suggestions for how we can make this platform better easier to use or just want to work with us feel free to reach out we're always available thank you again