Prerequisite: Nami Wallet

Before you can sell tokens (shares), you must have the Nami Wallet set up and connected. This section explains what the Nami Wallet is and how to prepare it for transactions.

What is Nami Wallet?

Nami Wallet is a browser extension for managing Cardano blockchain assets, including ADA and native tokens. It provides an easy-to-use interface for sending, receiving, and managing your tokens. It also allows you to interact with decentralized applications (dApps) securely.

Why is Nami Wallet Needed?

To sell tokens (shares), you need a wallet to:

  • Store Your Tokens: Nami Wallet holds the tokens (shares) you own for your property.
  • Process Transactions: All buy and sell transactions are submitted through your Nami Wallet to the Cardano blockchain.
  • Track Balances: After a successful sale, you can check your updated token balance directly in the wallet under the Collectibles section.

How to Set Up Nami Wallet

Follow these steps to set up your Nami Wallet:

1. Download and Install Nami Wallet

  • Go to the official Nami Wallet website.
  • Click Download and install the extension for your browser (supported browsers include Chrome, Brave, Edge, etc.).

2. Create or Restore a Wallet

  • Open the Nami Wallet extension.
  • If you’re new to Nami:
    • Click on Create Wallet.
    • Follow the on-screen instructions to generate a new seed phrase.
    • Securely save your seed phrase, as it’s the only way to recover your wallet.
  • If you already have a Nami Wallet:
    • Click on Restore Wallet.
    • Enter your existing seed phrase to recover your wallet.

3. Fund Your Wallet

  • Add ADA to your Nami Wallet for transaction fees.
  • You can purchase ADA on an exchange (e.g., Binance, Coinbase) and send it to your wallet address.

4. Connect Your Wallet

  • Ensure your wallet is connected to the application or platform where you’re managing your tokens.
  • You will typically see a Connect Wallet button on the platform. Click it and authorize the connection.

Verifying Your Wallet

Before selling tokens:

  1. Open your Nami Wallet and check the Collectibles section to confirm your token balance.
  2. Ensure you have sufficient ADA for transaction fees.

Troubleshooting

  • If your wallet won’t connect: Refresh your browser and try again.
  • If you lose your seed phrase: Unfortunately, it cannot be recovered. Always store it securely.
  • For more help: Visit the Nami Wallet Support Page.

With your Nami Wallet set up, you're ready to proceed with selling tokens (shares)!