Ok, so you have decided to list your token or coin on an exchange! Now it's time to secure your own token symbol and launch a market where it will be traded for Bitcoin or other cryptocurrencies of your choice. With HEAT Ledger, you can create both in a breeze. and have your coin traded on a robust decentralized network. Follow the instructions below to use the automated Heatwallet listing and your coin will become tradeable within the hour.
The installation instructions are divided into the following stages: 1. installation preparation 2. token issuance 3. trading market creation and launch
1A. If you don't have one yet, create a HEAT account. The fastest way to do it is on the wallet's browser-based version at https://heatwallet.com. Alternatively download the full or light desktop client at https://www.heatledger.com/heat-crypto-wallet-decentralized-exchange-dex/ 1B. Fund your account with at least 511 HEAT (approx $7 in Jan 2020). This will be enough for issuing the token and creating a market. Note that you will receive complimentary 0.05 HEAT gifted for testing with your first BTC deposit, which will be required to obtain the HEAT coins.
From top right menu, click on Issue Asset. Completion of this process will involve the first of two costs, the network cost which is 500 HEAT. This cost goes to the HEAT miners for their work.
A. Asset symbol: choose 3-4 letters that represent your asset. Normally the letters chosen are related to your company name or coin. For example, Heat Ledger's coin is represented by the word HEAT.
B. Quantity: it is up to you, and depends on what you want to the tokens to represent. It's usual to have them represent the number of shares of a company, or the total amount of coins in circulation. HEAT Ledger Ltd for example has 250K shares. Bitcoin has 18 Million coins and growing. Upper limit is very high. On a later step you can decide whether you want to have the ability to issue more later, or set the total amount in stone now.
C. Decimals: up to you, but 8 is the max. More on decimals in crypto at https://goo.gl/nsv4Pe
D. Dilutable: as mentioned previously, you can now decide if more tokens will be issued later or not. True = later. False = not changing in the future. Although non-dilutable can sell at a premium, it offers more flexibility to leave it open. More on this topic at https://goo.gl/CZmX2n
E. Description URL: link to token sale T&C or instructions on your website.
E. Description hash (optional): Sha256 of the textual content in your description URL. Used by Heatwallet to detect and warn about unauthorized changes in your token handling instructions, which would pose a risk for your traders.
G. Click Send to finish issuing the token.
H. Once issued, you will be able to see it on your HEAT Home and Exchange screens. New token example: GURU
Step 1: Issue asset from right menu.
Step 2: fill in asset information.
Step 3: check asset shows.
From top right menu, click on Create Market. To finalise creating your market where to trade your token, you need to fill in the information below.
A. Your Asset: start writing the asset symbol and chose when viewable.
B. Allow Market: the most typical scenario is to trade in Bitcoin, which means BTC pricing. To do that with the default automated BTC gateway, start writing BTC and chose asset id 5592059897546023466 when viewable.
C. Click Send to finish creating the market.
D. Access your freshly created market through https://heatwallet.com/#/trader/5592059897546023466/yourtokenid. You can find the token ID from your Home page, in the transactions section, from the one transaction that states the issuance of your asset (token).
E. Last, for your market to become visible and automatically listed in the decentralized HEAT network, you need to: - login on your account, and - make at least one trade by submitting a sell AND a buy order.
F. Arrange gateway for deposits and withdrawals of your token. This gateway can work manually with instructions on your asset info page, or fully automatically by developing software that transfers your tokens on the HEAT network whenever a transaction of your real token is received on your gateway account etc.
G. [optional] Contact us for integration of DEPOSIT YOUR TOKEN and WITHDRAW YOUR TOKEN buttons, and possible negotiations for certifying your token.
Step 1: Create market from right menu.
Step 2: Fill in your asset and allow market.
Step 3: Access the market you launched.
Did you run into any issues or problems issuing your token or creating a market to trade it? if so, please share your questions, comments or suggestions on HEAT's Discord support channel. Soon you will also be able to access a how-to video. Stay tuned!
ABOUT HEAT LEDGER LTD
HEAT LEDGER LTD (HL), founded in 2016, is a blockchain software company based in Helsinki, Finland. Our mission is to produce the leading platform to create, manage, store and trade digital assets on both desktop and mobile devices.
Copyright 2019 HEAT LEDGER LTD