Instructions for Various Wallet Operations

Registering an account

  • Click NEW on Assets page.
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  • Create an account name (beginning with letters and numbers, no longer than 64 characters, and can include “-”).
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  • When you successfully create an account, you will receive a wallet backup notice. It is recommended that users back up their wallet now, and save backup files to several external devices.
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  • After this, you need to transfer 5 HX tokens to your newly created account and click REGISTER on the Assets page.
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  • Click Ok to proceed.
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If your application is approved

After the Foundation reviews the eligibility criteria that a candidate Senator must adhere to, the Committee will transfer 0.001 HX from HXNLr4RK5R9cD1twrzX94hrGj5TWf9sL166Y (hxofficial) to candidates’ addresses. When making the transaction, the Committee reveals the collateral deposit lock-out contract address in the transaction message. Candidates can also access the contract address information in the invitation email sent by the Committee.

Registering to be a Senator candidate

  • After confirming their participation in a senatorial election, applicants need to register a Senator account (see below).
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  • Click Ok to confirm the Senator account registration. Users need to pay 10,000 HX to complete this step. This fee will not be returned.
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  • The Senator account has now been created.

Note: this may take several minutes due to account fee confirmations.

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Transferring collateral deposit to the contract address

  • After receiving the contract address (refer to transaction message from hxofficial), candidates must transfer HC to their HX wallet, then transfer 500,000 HC tokens to the contract address on the Lock-out contract page.
  • The locked HC tokens can only be withdrawn after 14 days. If a candidate is selected, they can only withdraw the collateral deposit after resigning.
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Withdrawal of collateral deposit

  • Click WITHDRAW on the Lock-out contract page.
  • By clicking WITHDRAW you will withdraw your collateral deposit.
  • The locked HC tokens can only be withdrawn after 14 days. If a candidate is selected, they can only withdraw the collateral deposit after resigning.
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Registering to be a Citizen

  • First, you need to register an account. After that, click CREATE CITIZEN on the Account Info page.
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  • This will cost 1,000 HX tokens. Click Ok.
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  • The Citizen account has now been created.

Note: this may take several minutes due to account fee confirmations.

Submitting a proposal

  • Click CHANGE SENATOR on the Proposals page.
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  • You can then nominate a Senator candidate to replace the current Senator. It costs at least 1,000 HX tokens to submit a proposal.
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Voting for a Senator

  • After submitting a proposal, all Citizens are able to see proposals on the Proposals page.
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  • Citizens can read any proposal details by clicking on them. They can also support any candidate by voting for them.
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  • Citizens can vote to support a proposal. If you have voted, but then change your mind, you can oppose this proposal, which is equal to withdrawing your vote.

To stay up to date with information regarding HCASH, or to join our community, check out the following channels:

Twitter, Facebook, Reddit, English Telegram, Chinese Telegram, Korean Telegram, Korean Announcements, KakaoTalk, Naver Blog

Written by

The New Standard of Value

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