WhiteRock

First CIP-68 minting platform on @Cardano 🧨

[WhiteRock @WhiteRockCoin]

Introducing MintRock, the first platform for minting CIP-68 tokens on @Cardano
https://t.co/04uaWeGvd7
🧵👇

[WhiteRock @WhiteRockCoin]

@NaVi_GaT0R @MaxRossem Oh my god

[WhiteRock @WhiteRockCoin]

@IOHK_Charles Baldur’s Gate has set the bar so high, that other companies complained about the fact that the game is so good and they have to make better games now 😁

[WhiteRock @WhiteRockCoin]

@IagonOfficial We don’t store policy keys by the way!
Everything is in self custody (including smart contracts) 😎

[WhiteRock @WhiteRockCoin]

@PokeungW @TapTools @Cardano @MinswapDEX

[WhiteRock @WhiteRockCoin]

MintRock has been live for 3 weeks now, and during this time:

🔹100+ CIP-68 tokens have been minted via our platform
🔹@TapTools rolled out an update to correctly display all CIP-68 tokens
🔹@Cardano token registry can rest🥀since minted tokens go on-chain instantly

Create your own CIP-68 token for just 15 $ADA:
https://t.co/eeRTNX7KjR

#cardano #cip68 #mintrock

[WhiteRock @WhiteRockCoin]

Introducing MintRock, the first platform for minting CIP-68 tokens on @Cardano
https://t.co/04uaWeGvd7
🧵👇

[WhiteRock @WhiteRockCoin]

@PokeungW @TapTools @Cardano @MinswapDEX 👀

[WhiteRock @WhiteRockCoin]

This would be a presale of your token with the condition 0.5 ADA for 1 token, but I can assure you that it is nearly impossible to collect 500 million ADA in a presale.
This does not put it on the market (others can create their own LPs with tokens bought on a presale, but this is different).

What you could do is calculate the amount of tokens you would need to pair with your available liquidity for the price to be 0.5ADA/token.

Amount of tokens = available liquidity / 0.5 ADA

Lets say you have 10k ADA available for the liquidity, this would mean that you need to put:

10k ADA / 0.5 ADA = 20000 tokens into the pool with 10k ADA pair.

Either you change your tokenomics that it matches 20k tokens (in case you want to put 100% into the pool) or you just put 20k out of 9 billion tokens into the pool (which would create trust issues, since you'll hold 99% of the supply 😅)

The choice is yours

[WhiteRock @WhiteRockCoin]

@PokeungW @TapTools @Cardano @MinswapDEX You would need to pair 1 billion tokens with 500 million ADA 😅

[WhiteRock @WhiteRockCoin]

@PokeungW @TapTools @Cardano @MinswapDEX Yes, user tokens will be in your wallet.

Everything is minted with your wallet directly, hence we do not have any keys (except when you ask us to save your keys) or tokens.

Reference NFT is stored in a smart contract and only your wallet can access it (for updating metadata)

[WhiteRock @WhiteRockCoin]

@PokeungW @TapTools @Cardano @MinswapDEX Yes, without any problems! 👌

ZapIn function will also do the trick (it will buy the same amount of tokens for ADA and put it in a pair, in case you do not have enough tokens in your wallet)

[WhiteRock @WhiteRockCoin]

@PokeungW @TapTools @Cardano @MinswapDEX You are free to manage your LP tokens and pool however you prefer just as with any other token, no differences there 😉

[WhiteRock @WhiteRockCoin]

15 ADA. That's it.

Token Supply plays no difference in the price since it is just 1 minting tx.

If you need help with creating a liquidity pool after minting, please, let us know, but here is a small guide from @MinswapDEX :
https://t.co/jTsMJbyZyk

And FYI, you are good with just creating tokens with our platform, no need for verification on Token Registry (in case you were thinking about that). MinSwap fully supports it as well as many others.

[WhiteRock @WhiteRockCoin]

@PokeungW @virtuoso1333 @TapTools @Cardano Sure! It is as easy as it sounds:
1. you can go to https://t.co/04uaWeFXnz
2. connect your wallet
3. mint your tokens and they will be as good as old tokens, even better!

Here is the detailed guide: https://t.co/HF8MQqBjX7

Or do you need something specific?

[WhiteRock @WhiteRockCoin]

Hey!

CIP-68 token is the same native asset as you all know, with some features that allow storing metadata directly on-chain.

In short, the old way:
CIP-25 token, 721 metadata standard in the minting tx.
Token Registry (CIP-26) off-chain metadata storage.
Third parties (like DEXes) query Token Registry for metadata.

New way:
CIP-68 token, for each user token (the actual token you use) there is reference NFT (same name, same policy, different labels) locked in an output with datum containing your metadata, which will be transmitted to the user token. Third parties query on-chain data.

Why CIP-68 better than CIP-25:
1. No centralized metadata storage like Token Registry.
2. No biased restrictions or terms of use for your token metadata.
3. Dynamic metadata (in CIP-25 you could submit new metadata to Token Registry, which returns us to the 2nd point).
4. Many others, like SC compatibility and so on...

Refs:
CIP-25: https://t.co/MkkC6Und8a
CIP-26 (eg Token Registry): https://t.co/Yop9u6KYpD
CIP-68: https://t.co/tii2J18Hgu
Token Registry repo: https://t.co/6Jr31CSBpD

If you have any questions, we are here for you!

[WhiteRock @WhiteRockCoin]

@TapTools 👀

[WhiteRock @WhiteRockCoin]

No problem!

So, your token will not be visible anywhere (except for the wallet) until you provide the liquidity. This goes not only for CIP68 tokens, but for old CIP25s also.

We could not find any LP txs, there is only the minting one: https://t.co/qQP8Rrot9z

Here is how you can provide liquidity on MinSwap:
https://t.co/jTsMJbyZyk

Let us know if you have any questions!

[WhiteRock @WhiteRockCoin]

@FrameJoana8929 @tony811 @TapTools @crackabible It will show up just as any normal token.

Please provide policyID, so that we can verify the issue

[WhiteRock @WhiteRockCoin]

@tony811 @TapTools @crackabible Can you provide the policyID?

Also, it will only show in the search when there is a certain amount of ADA provided as liquidity.

In the old TapTools UI there was a section “Recently added”, which contained all new tokens regardless of the liquidity.

[WhiteRock @WhiteRockCoin]

@tony811 @TapTools @crackabible You have to provide liquidity on DEX and it will pop up 😉

[WhiteRock @WhiteRockCoin]

@hoskytoken I like this partnership

[WhiteRock @WhiteRockCoin]

@007Collect We hear you 👀

[WhiteRock @WhiteRockCoin]

🌑 Step-by-step guide on how to create a token on Cardano: https://t.co/HF8MQqBRMF 🌑