Hi @Roodiger
The issue is the rate.
Apologies, when I did the rate calculation (How to calculate rate for a crowdsale?) I didn’t pick up the implication of the value of rate. const rate = new BN(2*10^-9);
2*10^-9 is less than one and is not an integer so is not a valid value to use.
If instead of decimals 5 you used decimals 18 then a valid rate can be calculated.
Using decimals of 18 and an initial rate of $0.01 per whole token:
If you want to issue “1 TKN for every 0.01 dollar (USD) in Ether”, we would calculate it as follows:
- assume 1 ETH == $200
- therefore, 10^18 wei = $200 or (20,000 cents)
- therefore, 0.01 USD is
10^18 / 20000, or5 * 10^13 wei - we have a decimals of 18, so we’ll use
10^18 TKNbitsinstead of1 TKN - therefore, if the participant sends the crowdsale
5 * 10^13 weiwe should give them10^18 TKNbits - therefore the rate is
5 * 10^13 wei === 10^18 TKNbits, or1 wei = 2*10^4 TKNbits - therefore, our rate is
2*10^4
Testing this out:
- If a participant paid 0.01 USD they should get
1 TKNor10^18 TKNbits - 0.01 USD is
5 * 10^13 wei - Using the rate of
2*10^4 (5 * 10^13) * (2*10^4) = 10^18 TKNbits or 1 TKN