$IBCX: Mint/Burn Guide
Intro
$IBCX is the interchain index token that represents the fundamental values of Cosmos.
Today, we introduce the $IBCX Mint/Burn guide to Cosmonauts. This guide will help you Mint or Burn $IBCX smoother.
The guide will teach you how to Mint/Burn $IBCX in the order below.
- Get Osmosis wallet address via Keplr wallet
- Get $OSMO via the fiat on-ramp on Osmosis
- Mint $IBCX on the IBCX website
Mint $IBCX
Step 1: Go to keplr.app and download the browser extension or mobile application that matches your preference
Step 2: Follow the steps above. Let’s figure out how to proceed with the Chrome extension today
Step 3: Click “Create new account”
Step 4: Check your Mnemonic Seed. Make sure to write these down and keep them in safe storage
Step 5: After finishing, click Register
Step 6: You’re all set! Your own Keplr wallet is now ready to use
Step 7: Go to https://app.osmosis.zone/assets, Connect your wallet
Step 8: From the list of assets, find $OSMO and click “Buy”
Step 9: Complete the steps above
Please note:
- You can also get $OSMO from swapping tokens on Osmosis besides the fiat on ramp.
Step 10: Go to $IBCX Website, Click “Mint/Burn”
Step 11: Connect your wallet
Step 12: Choose the token (ex.$OSMO) to use mint $IBCX
Step 13: Enter $IBCX amount to mint
Step 14: The $OSMO amount is automatically calculated after you put in your desired amount on Step 13
Step 15: Click “MINT $IBCX”
Step 16: Check the $IBCX balance in your Keplr wallet after the transaction is complete
Step 17: You can also check your $IBCX amount on My Page
Burn $IBCX
Step 1: Connect your wallet
Step 2: Enter $IBCX amount to burn
Step 3: Choose the token (e.g. $OSMO) that you want to get from burning $IBCX
Step 4: The selected token’s estimated amount is automatically calculated after you put in your desired burn amount
Step 5: Check the selected token’s balance in your Keplr wallet after completing the transaction
