In simple words, this is a smart contract for ICO.
Basically, ICO can be considered as an analogue of the initial public offering of shares (IPO), and crowsdale is as an analogue of crowdfunding.
Almost all ICOs are conducted using smart contracts. The advantages of conducting an ICO on a smart contract are obvious to the investor. A smart contract is an open source program that any expert with programming skills can check. If the smart contract is made without errors, then the investor can be sure that he will get his share in the release of the tokens. In the overwhelming majority of cases, ICOs pass on the Ethereum platform .
BUT there're alternatives. The main competitor is MyWish platform. https://mywish.io
Advantages of which are the simplicity of creation and an acceptable price.
So ICO consists of two contracts:
- Crowdsale Contract.
- Token Contract.
These and other smart contracts you can create and deploy on a direct link to MyWish platform.