Is it even possible ?
I am sort of new around the Cryptocurrency arena and we are gearing up to launch our own coins to support our app eco system.
Initial release of a set of coins is slated to be based on a bid system with a lower cap ( say 0.01 USD ) and an upper cap (say 1 USD). We want people in the wild (outside ethereum eco system) to buy the coins using credit card or transfers. So in theory someone who wins the bid will make a transfer of x amount to our bank account. We intend to release his/her account a set of custom coins in return.
Is this possible ? How will we write the solidity contract for this ?