Activating CLOUDK

Activating CLOUDK - Users can activate Software Licenses by adding Minting Utility Token. Minting Utility Token can be added from Individual Software License or from Dashboard

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.