Activating CLOUDK

Users can activate Software Licenses by adding Minting Utility Token to the Software Licenses. Minting Utility Token can be added from 2 places

1. Adding Minting Utility Token from Individual Software License

2. Adding Minting Utility Token from Dashboard

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Adding Minting Utility Token from Individual Software License

Initiating the Pop-up:

• Click on the "Add Minting Utility Token" button to open the pop-up window.

Adding LYK:

Selecting LYK - D Amount:

• Choose the amount of mLYK available in your wallet that you wish to link as collateral to the license.

First-Time link LYK Attachment:

• If it's your first time attaching LYK, the pop-up will prompt you to select the lockup period for mLYK minting token.

• Options available: [12 months], [24 months] & [Max]

Previous LYK Lockup:

• If LYK has been added previously, the new LYK will automatically use the previous lockup period selected by you.

Finalizing the Process:

Confirming Minting Utility Token Addition:

• Click on the "Confirm" or "Add Minting Utility Token" button to finalize the LYK addition.

Confirmation Message:

• Receive a confirmation message indicating successful LYK addition.

Tips

• Consider Lockup Periods:

  • Choose a lockup period based on your goals and risk tolerance.

• Reviewing Details:

  • Double-check the LYK amount and lockup period before confirming.

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Adding Minting Utility Token from Dashboard

Initiating the Pop-up:

• Click on the "Add Minting Utility Token" button to open the pop-up window from the total staked widget in the dashboard.

Adding LYK:

Select Software License

• Select the software license and view the available limit of Minting Utility Tokens to add.

Selecting LYK - D Amount:

• Choose the amount of mLYK available in your wallet that you wish to attach as collateral to the license.

First-Time LYK Attachment:

• If it's your first time attaching LYK, the pop-up will prompt you to select the lockup period for mLYK.

• Options available: [12 months], [24 months] & [Max]

Previous LYK Lockup:

• If LYK has been added previously, the new LYK will automatically use the previous lockup period selected by you.

Finalizing the Process:

Confirming Minting Utility Token Addition:

• Click on the "Confirm" or "Add Minting Utility Token" button to finalize the LYK addition.

Confirmation Message:

• Receive a confirmation message indicating successful LYK addition.

Tips

• Consider Lockup Periods:

  • Choose a lockup period based on your goals and risk tolerance.

• Reviewing Details:

  • Double-check the LYK amount and lockup period before confirming.

Congratulations! You've successfully added LYK to your Software license & activated it. If you have any questions or need assistance, feel free to refer to this guide or contact our support team.