The term "Smart Contract" refers to computer code that automatically executes all or parts of an agreement and is stored on a blockchain. Creating them is a complex and multi-stage process.
Here are the typical steps involved, which Contrax aims to simplify and streamline.
PlannedThe purpose of the contract must be defined and achievable from the onset
ArchitecturalThe high level logic of the contract is diagrammed based on the use case
DevelopmentOnce all of the logic is understood, it is coded based on best practices
Manual TestingThe contract and its uses are tested in a test-net environment such as Rinkeby or Ropsten
RecordAll transactions from testing are recorded and analyzed against their expected amounts and behaviors
Unit TestingFrameworks such as Truffle are used to test individual functions of the smart contract
Third PartyExternal developers and testers review the code to ensure the contract is sensible and secure
Bug BountyBug bounties typically remain open on contracts to reward white hat hackers whom discover exploits
WHAT WE DO
Developing smart contracts requires a steep learning curve and some unique programming languages.
The market lacks tooling capable of handling every stage of the smart contract process under one roof in a streamlined manner.
Contrax offers an all-in-one, drag-n-drop style development platform with native support for the top "smart chains", paving the way for a DeFi future where everyone can participate.
The app aggregates a suite of existing open-source tools and APIs under the hood, and puts control in the hands of its community via the TRAX DAO.
Giving Power to the People
The Contrax app makes it quick and easy for developers and non-developers alike to create their own crypto tokens and smart contracts.
Users can also customize on-chain data, create farms, integrate with top Web3 services, and so much more!
- Create Ethereum-based tokens and other smart contracts in minutes
- Edit and save templates, code snippets and custom projects
- Explore and utilize on-chain data for tokens and other contracts
Initially, the Contrax team will centrally develop and launch the dApp beta. After testing, the full app will launch to the public with the Trax the token holders in control of the future eatures, contracts, and code approvals. The token holders will also vote on how to allocate the public treasury of the token for the best interest of the project.
The Trax token can also be staked in the Contrax app for access to staking exclusive features, while earning rewards for staking. Please see the Contrax Docs for more details.
A breakdown of the token distribution categories. Details and release schediles are in the Contrax Docs.
DAO Public Treasury: For the token holders to decide on how to use based on proposals and voting.
Company: For the team, advisors, and company behind the Contrax project.
Private Sale: For a private sale to accredited private individuals and crypto token purchasing companies.
Liquidity Bootstrapping Event: The Balancer LBP which will distribute tokens at a fair market value using a self-adjusting equilibrium algorithm.
Community/Liquidity Rewards: or the token holders to decide on how to use based on proposals and voting.
• Website and Whitepaper release
• Bounty Programs Begin
• Polygon and BSC Integration
• Contrax App Beta Launch
• Contrax LBP and full App launch
• Contrax DAO takeover
• Rebasing Tokens added
• Contrax for Business launch
• Business marketing campaign begins
• Smart contract marketplace launched
• On-chain voting enabled
DAO Creator Pilot
• Contrax becomes the go-to smart contract and token service for consumer and business
Have a question or concern? We’re happy to help.