Bond
Bonding
This is a step by step explanation of how to use Bonding and get ELEM asset to your address.
Steps:
Step 1: Connect your wallet
Step 2: Opt-in to App
Step 3: Use USDC Faucet
Step 4: Purchase Bond
Step 5: Opt-in to ELEM asset
Step 6: Claiming ELEM asset
Step 1: Connect your wallet
Step 1.1 Connect wallet
The myAlgoWallet will pop up and ask for passphrase once you give the passphrase wallet will connect to this website.
Step 1.2 Select Account Address
After entering the passphrase and granting access to the website, All the accounts in your wallet is listed for you to choose.
Step 1.3 Account Manage
This button will show the currently connect address and once clicked it will trigger a dropdown menu. In Dropdown, when you click on Account it will again list the addresses like we have in step 1.2
Step 2: Opt-in to App
Step 2.1 Click on Bond button
Click the dropdown which will launch the bond.
Step 2.2 Click on App opt-in button
The myAlgoWallet or Pera wallet will popup and ask you to sign the app opt-in transaction.
Step 3: Use USDC Faucet (only for TestNet)
ELEMENT Faucet will have the assets that user needs to test the Ecosystem.
Step 4: Purchase Bond
The Purchase Bond button asks you to enter USDC amount which will be sent to the bond’s stateless contract and allocates you the respective ELEM asset for you to receive.
Step 5: Opt-in to ELEM asset
Asset Opt-in button will opt-in the ELEM asset.
Step 6: Claiming ELEM asset
The Claim will be completed with 5 steps and each step will be locked for one day before you claim. For each time the user can only claim 20% of the Bond Total and then locked again for 1 day. The time duration of the lock will be displayed like 1d:0h:0m:0s.
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