In this article we will take a look how to mint SRC-20 using one the best sites out there, Stampscan.xyz .
I will cover in this article:
- 1. How to create a Leather wallet
- 2. How to connect your Leather wallet to Stampscan.xyz
- 3. How to mint a SRC-20 token
This article covers steps performed using a Chrome browser.
A wallet is required to have your Bitcoin to pay for transactions and to receive the minted tokens.
Let’s start with the Leather wallet creation!
1. How to create a Leather wallet
1.1 Open a browser and go to https://leather.io
the following website will be displayed and click on “Install free”
1.2 Install Leather extension
From the new page click on “Install from Chrome Webstore”
1.3 Adding the the extension to your browser
Click on “Add to Chrome” to install the wallet extension in your browser
1.4 Adding Leather extension
A pop up will be displayed on the screen, click on “Add extension” button.
1.5 Help the development team
Consider helping the developers by allowing to send certain information. Read it carefully before clicking on “Allow”, otherwise click on “Deny”.
1.6 Create your wallet
Once that that extension is installed, click on “Create new wallet“.
1.7 Back up your Secret Key
This is an extremely important step in the process of creating a wallet. Keep the secret key in a safe place knowing that if somebody get this information will have full access to your assets.
By clicking on “Show key” the sed words will be displayed.
By clicking on “ Copy” the seed words will be copied to the clipboard.
1.8 Set a password
As mentioned in the description, the password that you set up will be used in the device that you are creating the wallet.
1.9 Enter a password
I suggest to make sure that the password strength is strong. That will be displayed on the screen
This password will be used to authenticate yourself to approve transactions.
1.10 You wallet has been created!
Since is a new wallet, the balance is 0, but you are ready to go!
1.11 Identifying which address to use for SRC-20 and Bitcoin Stamps
Click on Receive and a popup will be displayed.
The address to use for SRC-20 and Bitcoin stamps is:
From here you can copy or generate a qr code.
2. How to connect your Leather wallet to Stampscan.xyz
2.1 Open a new tab in your browser
Go to https://www.stampscan.xyz
The default page is Trade.
2.2 Connect your Leather wallet
On top right of the screen you will see the option “Connect”. Click on it and a pop up window will be displayed with alll supported wallets.
Select “Leather Wallet” to be used at stampscan.xyz.
2. 3 Connecting your account to Stampscan.xyz
Click on “Connect Leather” button.
2.4 Sign the message to prove address ownership
Click on “Sign” button and your address is now linked to stampscan.xyz site.
2.5 Checking that your address is linked
2.6 Check your profile
Click on “Profile” by clicking on your address located on the top left of the screen.
In this screen you can see your BTC Balance, SRC-20’s and Stampscan Points.
2.7 Next is to fund your account with some BTC
First identify your address.
Go to the browser extension and click on Leather Wallet.
A window will pop up and click on receive.
2.8 Copy your address
Click on copy to clipboard icon for the the Bitcoin account or Bitcoin Stamps.
Go to your exchange or other BTC wallet and send BTC to the address that you copied.
The reception of BTC will take some time to be reflected in your Leather wallet.
3. How to mint a SRC-20 token
3.1 Find a token that still can be minted
Click on “All” to visualize the list of all available tokens
3.2 Find the token to mint
An easy way to find what is still available to mint is by clicking on the column title Progress.
3.3 Select the token to mint
Another way to select which token to mint is to click on “Trending”. Top tokens during last 300 mints will be displayed.
I will mint JAMEX from @jamex_art , a well known artist in the STAMP community.
IMPORTANT: Pay attention that progress is not close to 90% because could be still mints executed waiting to be approved resulting that your mint will be invalid.
Stampscan.xyz offers an ACTION at the last column, Usually here you will see “Mint” unless the is minted out.
3.4 Minting screen
Make sure first that you are in the Mint tab
3.5 Enter the data
Recipient: is the address where you would like to receive the tokens. You can choose the one that is connected to Stampscan.xyz, still you have the option to send it somewhere else.
IMPORTANT: if you will use a different address, make sure that support stamps and SRC-20. Do not use addresses starting with ‘bc1p’. Those starting with ‘bc1q’ or ‘1’ are OK.
Token: is prefilled since you selected from the table
Amount: is the number of tokens that you would like to mint. Selecting the token will be automatically filled in.
Repeat Mint (Max: 300): This is a way to mint at once more times. Let’s say that you want to have 840,000 tokens, then you can mint in a single transaction 2 of the max 420,000 token per mint. You cannot have a value bigger than 300 mints.
Effective miner fee rate: use the one suggested or higher in order to get the tokens faster. By placing a low fee you could be frontrunned. As a result your mint will be invalid if executed when progress in higher than 100%. Take a look to the min a max fees.. In this case I’m willing to pay a higher fee to make sure that I will get the tokens since the mint is close to 90 %.
3.6 Validate the data that you have entered
3.7 Submitting the transaction to Mint
Once that you checked and double checked click on “Mint”.
Side note: If your balance is low, “Not enough BTC balance” message will be displayed. Meaning that you will need to get more BTC in your account.
3.8 Approve transaction with your wallet
This is the last chance that you have to not submit the transaction. If that’s the case click on “Cancel” and no funds will be substracted from your wallet.
If you want to proceed, click on “Confirm” . Depending on your wallet status, it could ask for you password to proceed with the confirmation.
3.9 Option to check the progress of your transaction
By clicking on the hyperlink “here” you will be derived to the mempool.space website where you can see the details of your transaction.
3.10 Wait until your transactions is picked up
when the triangle is on the blue side, means that your transaction is picked up by the miners.
3.11 Checking Mint validity
Although you have minted and payed the fees, still it’s important to check if your mint is valid. This means that has minted before the minting maximum has been reached.
Thank you for reading this article!
Please take a look to my other documents that cover bitcoin stamps and visit my collections here
