NONE OF THE INFORMATION BELOW IS TO BE TAKEN AS FINANCIAL ADVICE.
DO YOUR OWN RESEARCH AND PURCHASE AT YOUR OWN RISK.
HOW TO PURCHASE SCHMECKLES
USING THE XUMM WALLET DEX, IN 3 STEPS
Create a Trust Line to the Schmeckles Issuing Wallet. This will allow you to hold Schmeckles in your XUMM Wallet Account.
- Click this link to open the Trust Line Page.
- Wait until you see a pop-up titled “Trust Set”. Do not change anything. Simply click “Confirm”.
- If you are on a mobile device your XUMM Wallet App will open automatically.
- If you are on a browser a QRcode will be generated. To scan the code, open up your XUMM Wallet App, click the [X✓] button and click “Scan QR code”.
- You will be prompted to sign a Transaction to create the Trust Line to the Schmeckles project. Simply slide to accept.
- Please note: a Trust Line to an XRPL Token will hold 2 XRP in reserve. This 2 XRP is redeemable if you ever remove this Trust Line.
- Also note: Transactions on the XRPL cost a fraction of a cent. The Schmeckles Team recommend keeping 1 XRP in your wallet to cover Transaction fees.
You have established a Trust Line to the Schmeckles Issuing Wallet and can now hold Schmeckles in your XUMM Wallet Account.
- Open your XUMM Wallet App and click the [X✓] button.
- Open the “DEX Trade” xApp. If it is not on the list then click “View more xApps” and search for “DEX Trade”.
- You will now be prompted to answer 5 questions. Please try to answer these yourself. If you need help, please refer to the below hidden content.
With the currency pair XRP/USD place a buy order with a limit price at 1 USD, and the quantity at 10 USD.
‘Good Till Cancelled’ is a type of order that a trader may place to buy or sell an asset that remains active until either the order is filled or the trader cancels it.
A fee of 0.2% will be *added* to your paid amount so if you pay 10 USD for 10 XRP the fee will be 0.2% * 10 = 0.02 USD which makes a net total of 10.02 USD for 10 XRP.
I and I alone am responsible for managing my assets and secret keys & my trading, entered rates, etc.
The following is the Schmeckles Teams preferred method. You may prefer to do this in your own way.
- Click “XRP/USD” in the top left hand corner.
- Click “USD – Gatehub” to open up a list of tokens you have access to.
- Scroll through and find “Schmeckles” and select it. The Schmeckles Issuing Wallet address will then appear. Click it.
- Click the circular arrows to make Schmeckles the Base Currency and click the “X” to go back to the main DEX Page.
- XRP should be the Quote Currency.
- Ensuring “Limit” is selected enter the “Limit Price” at the XRP value of Schmeckles.
- For example, if you value Schmeckles at 1 XRP, simply input “1”.
- Enter the “Quantity” of Schmeckles you wish to purchase.
- There is also a slider available that is based on your XRP holdings. If you slide this to the middle it will use 50% of your XRP holdings to purchase Schmeckles.
- Click “Buy Schm” to create a Transaction for purchase of Schmeckles.
- Sign the Transaction.
You have just purchased Schmeckles!
- Connect your XUMM Wallet to the OnXRP.com DEX and make your purchase.
- Connect your XUMM Wallet to the XRPLCoins.com DEX and make your purchase.
- Connect your XUMM Wallet to the Sologenic.org DEX and make your purchase.
- This method can be seen in the below video by @JTXRP. The video will skip to 9min 20sec into the video to show the Schmeckles Trust Line setup and then a purchase on the Sologenic DEX.
- Watch the whole video to see the Sologenic fiat onramp process.