*5.2. Decentralized Application Development*

Upon successful implementation of the above-presented steps, a decentralized design of the system and a DLT compliant translation of the business model is obtained. There are several steps to go through for launching such a decentralized application, from DLT platform selection, advertising, and crowdfunding up to the actual development and operationalization (see Figure 8).


pricing schemes (constant pricing, incremental pricing, etc.). The token registry and the distribution rules are programmed as smart contracts and deployed onchain. Each buyer willing to invest in the decentralized application will need to acquire the necessary cryptocurrency and sign a transaction paying the requested sum in return for several tokens. The distribution contract will validate the deposited sum, and if all the rules hold, the token registry will update the buyer's account accordingly.






**Table 10.** *Cont*.
