Producing for an Infinite Token Offering (ITO)

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You can send any ERC20 token to any Ethereum-based ITO to become a producer for it. An ITO could have the tokens of one, a hundred, or even thousands of different crypto projects within it, all being distributed to agents every work block. Your job as a producer is to add value to the ITO, for which you can be rewarded with the ETH (or FTM) in the ITO..

1.

Using Metamask with a Brave or Chrome browser, go to MyCrypto.com and open up the Interact with Contracts link. Feel free to try the other options offered (Ledger, Trezor, etc.), or try it from MyEtherWallet.

2.

Next, we're going to interact with the contract of the tokens we want to sent to the ITO.

To find out the contract address for the tokens you want to send...

Above, I've entered the contract address for Holotoken (HOT), then pasted standard ERC20 contract code in the next box. You can find this 'ABI' code at the Ethereum Github, or in the toggle box below. After you've pasted it, click the 'Access' button

Copy the following code and paste it into the ABI box.

3.

The 'Read/Write Contract' box will appear. Select 'Approve'

4.

Enter the contract address of the tokens you want to send to the ITO.

Also enter the number of tokens you want to send plus 18 zeros.

This is called the 'uint256' value. If you want to send 100 tokens to the contract, for example, you'd enter 100000000000000000000

5.

Select how you'd like to interact with your wallet. This will open up the gas box. Enter '300000' for gas, just to be on the safe side. (And to see what a good gas price is, check ETH Gas Station.) Then click the 'Write' button.

6.

Once your transaction is confirmed, the next step is to actually send the tokens to the ITO. This is done by interacting with the ITO contract itself. Repeat step 2, above, but this time enter the ITO token address.


Also paste the ABI code for standard ITO's, which can be found on the Workchain Github.


7.

After clicking the 'Access' button, search for the 'sendExternalTokens' function by typing it into the box. Also fill out the other fields, as noted below.

8.

Enter gas as in the previous transaction (300,000), write, generate, and send as usual.

That's it! You're done. Check the ITO on Etherscan to see your transaction under 'ERC20 Token Txns'

Check the Workchain subreddit at r/workchains for new ITOs and other info!

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