How to mint Photon on Atom One
Introduction
Atom One Network is a special network that has a dual-token system. It uses ATONE and PHOTON tokens. The ATONE is the main governance token of the network, while the PHOTON token is the main gas token of the Atom One and all the future shards.
The process of obtaining the PHOTON token through the minting process is quite simple. You will need to insert a certain amount of ATONE token which will be burned and removed from the supply. With the burn process complete, you will then receive the PHOTON token in your wallet.
IMPORTANT INFO, the fees for minting the token can be paid with ATONE, so you do not need to worry if you do not have PHOTON to use as a gas fee.
Requirements
- Wallet funded with ATONE on the Atom One network
Currently, there are only 2 apps that provide these services. Depending on which wallet you use, you can choose the app by wallet you plan to use.Here are the apps:
- The Spectra: Keplr and Ledger
- Atonex.io: Keplr, Leap and Cosmostation
Spectra - thespectra.io
(Keplr and Ledger)
The Spectra is a blockchain explorer and a staking dashboard on the Atom One network. This app has an additional feature, allowing users to mint PHOTON. To do this, first connect wallet by clicking on the wallet icon in the top right corner. A pop-up window will show-up. Regardless if you are using Ledger or Keplr, select Keplr wallet. It will work in both cases.
When you have coinnected the wallet to the Spectra proceed to Mint Photon page.
After that you will see the Mint Photon page. Here you will need to insert the amount of ATONE you want to burn and then. The interface will show an estimated amount of PHOTON that you will receive. When ready, click on the Mint button.
A pop-up window where you will sign the transaction. The Keplr might show PHOTON as the default fee. If you do not have PHOTON, do not fret, you can use ATONE for fees for this type of transaction. Press on Tx Fee and change the fees to ATONE.
When ready you can confirm the transaction. A confirmation should show on the app.
That is it, you have minted PHOTON.
Atonex.io - atonex.io
(Keplr, Leap and Cosmostation)
Atonex is also a blockchain explorer where you can view transactions and account details. The app also has an additional feature that allows you to mint PHOTON.Atonex offers a varaety of wallets Leap, Keplr and Cosmostation but the process is simple.
First, connect wallet by clicking on the wallet icon in the top right corner. A pop-up window will show-up. Use the wallet you prefer to use. In this guide the Keplr wallet will be covered but the process should be similar for any other wallet.
Afterwards, you can proceed to the Mint Photon page. Here you will need to insert the amount of ATONE you want to burn and then click on the Mint button. The interface will show an estimated amount of PHOTON that you will receive. When ready, click on the Mint button.
A pop-up window where you will sign the transaction. The Keplr might show PHOTON as the default fee. If you do not have PHOTON, do not fret, you can use ATONE for fees for this type of transaction. Press on Tx Fee and change the fees to ATONE.
When ready you can confirm the transaction. A confirmation should show on the app.
That is it, you have minted PHOTON.
Conclusion
In this guide, we have shown you how to mint PHOTON on Atom One network using the Spectra and Atonex apps. We hope this guide has been helpful and you have successfully minted PHOTON.