Metera Protocol V.1
  • 🚀Welcome to Metera Protocol Documentation
  • ♟️Content
    • What is Metera?
      • About us
      • Key Features
      • Metera Tokenized Indexes
        • Why MTKs?
        • Minting MTK Shares
        • Auto-balancing Algorithm
      • Metera Token ($METERA)
        • Utility and Incentives
        • Deflationary Tokenomics and Burning Mechanisms
      • Metera DAO MTKs
        • Types of DAO MTKs and Creation Process
          • DAO-Owned MTKs (DOM)
          • Partially DAO-Owned MTKs (PDOM)
          • Strategic Partnership DOM (SPDOM)
    • Testnet v2
      • Minting and Burning
      • Faucet
      • Index Creation
    • Indices (MTKs)
      • DePin Cardano Index ($mDePin)
  • 🔬Metera WIKI
    • Tokens
    • Users
    • Roadmap
  • 🌐Governance
    • Governance
      • Dao Treasury
      • Protocol Owned Liquidity (POL)
    • Tokenomics
  • Linktree
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  1. Content
  2. Testnet v2

Minting and Burning

At this phase, in order to mint via our smart contracts, you need to provide the underlying assets in a single transaction. When selling your 'MTKs' you will receive the underlying assets, not ADA.

PreviousTestnet v2NextFaucet

Last updated 5 months ago

Minting:

  1. Visit .

  2. Visit our and mint test assets.

    1. Due to high traffic the faucet might fail. Please give it some time and sorry for any inconvenience.

  3. Navigate to your preferred MTK

  4. Click on 'Swap'

  5. Insert the ADA amount you'd like to participate in the MTK with.

    1. You will not be depositing ADA in this transaction.

    2. The inputted ADA amount will determine how much of each asset you need to deposit.

  6. Review the amount of tokens to deposit and make sure you have enough of each asset to continue.

  7. Review fees

  8. If you agree with the transaction click on 'Swap'

  9. Sign the transaction and wait for your assets.

  10. You can review the status of your order in the 'Orders' page.

Burning:

In order to burn your MTKs, you don't need to go through the Faucet.

  1. Navigate to your preferred MTK

  2. Swap the order of ADA -> MTK

  1. Insert the amount of MTKs you'd like to sell.

  2. Review the assets you will receive

  3. Review Fees

  4. Click on 'Swap' and proceed to the Order Summary

  5. Sign the transaction and wait for your assets.

  6. You can review the status of your order on the 'Orders' page.

♟️
Metera's Testnet
Testnet Faucet