The Beginner’s Guide to using iMERKLE Token.
An Innovative Interoperable Token Standard.
TL; DR
iMerkle — First interoperable token standard built on Merkle Network.
Wrap your normal tokens to convert to iMerkle tokens using a user-friendly interface.
The idea is to make one token standard that can be wrapped on one blockchain but can be instantly withdrawn/unwrapped on multiple supported blockchains of your choice.
iMerkle Portal link — https://i.merkle.network
Mandatories before you test — Metamask wallet, Of course!
What will you encounter in this guide?
We have created this guide to make it easier for everyone to experience the iMERKLE token and witness how easy it’ll be once this whole structure will be in place for the real-time use case. With this, we intend to create a one-of-a-kind token standard that will become the backbone of the interoperable blockchain world.
Try it out and let us know your experience. Anything that can be integrated and needs to be worked upon. We seek valuable feedback from our community.
Read below on your step-by-step guide to test iMERKLE Portal and explore the new standard of interoperability.
- Go to https://i.merkle.network/ to get access to the iMERKLE portal.
2. Add all the testnet chains to your Metamask. Currently, you can operate on ETH Ropsten, Polygon Mumbai Matic, And BSC Testnet. You can automatically configure the chain setup from the below link.
3. To test the iMerkle tokens you’ll need some tokens for gas on different chains mentioned.
- Ropsten Testnet — https://faucet.dimensions.network | https://faucet.ropsten.be/
- Polygon Mumbai Testnet — https://faucet.polygon.technology
- Binance Smart Chain Testnet — https://testnet.binance.org/faucet-smart
All you need will be some free testnet tokens to perform any kind of token approval/wrapping/unwrapping during the testing exercise.
Just put in your token address on the above faucet website to get free testnet tokens.
4. To get started, you’ll need to get some DAI tokens on testnet.
- Firstly, switch to Ropsten testnet on your Metamask
Swap ETH to DAI using Uniswap https://app.uniswap.org/#/swap (remember to keep some ETH in spare for Gas fees)
5. Approve and Wrap DAI token on the Ropsten Testnet network.
6. There is a cooldown period of 2 minutes once you wrap the tokens. After this, your token will be shown as a balance and can be unwrapped on any supported chain that you’d like.
7. Lastly, Unwrap DAI on any connected chain. While doing this make sure, you change both the networks. This will allow you to unwrap on the blockchain of your choice.
- *Congratulations if you have successfully completed this. Please stay tuned for more updates and integration on this. We’ll keep announcing as and when we progress forward.**
CONTRACT DETAILS
iMerkle factory contract addresses are
Ropsten Testnet : 0x86586C89f1D73cEaD665d6ceC5d620c674C0Fa34
BSC Testnet : 0xFEAC932ed193862bC58DE8D264a138F836D92dE1
Polygon Testnet : 0xd050b7923dbD0dAE4fE680c28a2d84e4c9371dF1
iMerkle: DAI Pool on Testnet
Ropsten Testnet : 0x4D581F399606B5e85B21B336e0cbAC642D3fA925
BSC Testnet : 0xb62AD8e20228D188aF3B33798a13165090Fb73Ce
Polygon Testnet :0x56BE28eE9e1d58Aff1cdcac06De6aa163De2D915
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- Website: Click here
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- Announcement Channel: Click here
- Medium: Click here
- Whitepaper: Click here
