Now that MOLDEX α, a decentralized exchange of game items, has been released, we will introduce how to use it.
※ MOLDEX α is a demo version currently available only to moldcoin holders. At the time when ETH is available to use in the future, you may not be able to use moldcoin instead.
※ MOLDEX α can be accessed only from a PC.
What is MOLDEX ?
One of MOLD’s goals is to enable free and quick P2P trading of digital assets. This digital asset refers not only to the existing cryptocurrency, but also to various assets that will come on the web in the future, including users’ game assets. MOLDEX α is designed to implement the digital asset exchange protocol on Ethereum, and to present the MOLD’s concept.
Characteristics of MOLDEX
- Graphic image of gaming platform
Conventional dApps games and decentralized exchange designs are far from being attractive to existing gamers, but MOLDEX is conscious of design images that make it easy for even gamers to have game images. - Browser built-in wallet
Users familiar with blockchain will be able to access various dapps using chrome extensions such as Metamask. However, many blockchain unfriendly users find it really difficult to use the chrome extension wallet such as Metamask. In MOLDEX, by providing the browser wallet function as a standard, even non-conventional blockchain users can use our service as long as the browser is available. - Distributedly managed smart contracts on Ethereum
The reason for being a DEX is that asset exchange has been realized on a smart contract. Therefore, management of the private key is managed by the user. Also, since the MOLDEX contract exists on Etheruem, anyone can view and check it, and it is possible to build a network in the same way.
How to Use
MOLDEX is very simple to use.
- Access https://moldex.io
- Create account
- Send moldcoin and ETH
- Deposit moldcoin
In three steps, you are ready to start trading.
Once ready, users can purchase assets that are in line with Market. You can also sell your own assets that users have in their wallet.
We are happy if you tell us the impressions of your use in the questionnaire.
Create Account
Firstly, users agree to the terms of use, enters any password, and create a trading account for MOLDEX from Create Key.
※ Make sure you never forget the password you entered.
If you have already created an account, access your wallet account from import wallet.
Once you have access to your account, you can check your Ethereum address in the configuration section.
Make sure to export the secret key or json key file and keep it in a safe place.
Send moldcoin and ETH
You will need a small amount of ETH as Gas and moldcoin to purchase the assets listed in the Market.
Send a small amount of ETH and moldcoin to your wallet address, which you can see on the settings page.
At this time, 0.05 ETH is sufficient.For moldcoin, it is good to send the necessary amount by checking the price of assets on the market.
Deposit moldcoin
The moldcoin used for trading must be deposited at the MOLDEX contract address.
The total amount of moldcoin in the wallet is Total, and the total amount of moldcoin deposited is expressed as ApprovedMold.
Once deposited, you should check with Etherscan if it has been approved on the Ethereum.
When the deposit is completed, you can confirm that the amount of approvedMold on the lower right of the screen has been updated.
Buy
Go to the page of the exchange, select the assets you want, and press the buy button to buy the assets.
If the purchase is successful, a transaction will be issued, so check with Etherscan.
Sell
From the wallet page, select the asset you want to sell.
Determine the sale price, press the sale button and it will be in the Market.
Until the sale process is completed, the asset’s status in the wallet will be Checking Tx.
Once the sale procedure is complete and successfully sold to the Market, the asset status in the wallet will be On Sale.
Other
About Gas
In the following cases, the user will incur Gas for Transaction.
- deposit moldcoin
- sell assets
if you resubmit an asset that you canceled once, Gas does not apply.
About Transction fee
Currently, we implemented MOLDEX smart contract in the way that 5% of the sale price moldcoin will be put into operation as a commission fee.
The transaction fee will be borne entirely by the seller and not by the buyer.
Caution
Users should use moldex under their own responsibility, including the management of private keys.
The future of MOLDEX
Considering how to trade digital assets freely and quickly at P2P, one way is to use Decentralized Exchange (DEX). However, starting with the collaboration with Ethereum, if you try to convert DEX into a service, the development cost is high, and it is more difficult than you might imagine. Also, the time it takes to generate Ethereum’s blocks and the cost of the gas are one of the major factors that lower UX.
In the future, the MOLDEX α version is aiming to realize the concept of MOLD on Ethereum by adding the following various other functions.
- Increase asset types of ERC 721
- Make ETH exchangeable
- Enable exchange of ERC 1155 assets
- Make it possible to view the transaction history of sending and receiving
- Add login sign in function
- Make a game page
※ MOLDEX α is a test version for moldcoin owners. Please note that there is a possibility that the specifications will be changed significantly in the future.
At the same time, at MOLD, we would like to proceed with building an original chain specializing in games, in order to solve the problems that Etheruem has with regard to games. By pursuing MOLDEX development on Ethereum and R & D on original chains, we will steadily promote projects in the rapidly changing blockchain industry.
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Cosmos Gaming Hub Project(Former MOLD project)
CEO & Co-Founder
Takumi Asano
For all game enthusiasts
