Wallets

FRED Energy does not currently provide custodial wallets, however due to the popularity of our blockchains there are several options for each asset, FRED (Stellar), FREDX (Ethereum) and bFREDX (BSC) available.

A swap app (expected Q3 – 4 2021) will enable swaps between assets and chains. The total available circulating supply accross all chains is 808 Million tokens.

FRED Stellar Wallets

There are many tried and tested Stellar based wallets available with some if not most offering trading on the Stellar DEX through the wallet.

A few things to understand with Stellar wallets is that although transactions a very cheap and very fast, a base reserve of 0.5XLM is required and an additional 0.5XLM per entry (Lobstr provide an initial 1.5 XLM reserve to enable instant use) .

Entries include:

Trustlines
Offers
Signers
Data entries

These reserves are made available again once an entry is cancelled.

A new wallet must also be activated by crediting (sending) XLM to it. We suggest a minimum of 2.5XLM to start with, this will enable the adding of FRED trustline and submitting a few entries.

Trustlines

“In order to trade, receive, or hold any asset on the Stellar network you must first establish a trustline with the anchor’s issuing account. An issuing account is an anchor’s Stellar account that created the asset. Trustlines are set using the Change Trust operation and cost a base reserve fee of 0.5 lumens each. What this means is that for each trustline you set, your account will be required to maintain 0.5 lumens in reserve that can’t be spent until you close your trustlines” from Stellar Community

Most Stellar based wallets use the same principles when adding trustlines and will either request the anchor domain (fredenergy.org or the asset code and issuer.

Asset Code: FRED

Issuer: GCA73U2PZFWAXJSNVMEVPNPPJCZGETWPWZC6E4DJAIWP3ZW3BAGYZLV

How to setup a Stellar (XLM) wallet app?

Want to know how to setup a Stellar wallet? Just go through the steps below to get access to one of the best and most secure Stellar based wallets available today. Lobstr also pre-fund the wallet so you don’t need to activate it before use, you can also set a federation address for your profile.

Visit https://lobstr.co and choose your wallet type, Desktop, Google Play or App Store
Click “Get Started” if you are using the desktop version
Enter your email and password to create an account
Open your email client and verify your email via the link sent from Lobstr
Once logged in to Lobstr, you will be given the opportunity to save the wallet address and secret keys
Important! Make sure you save the keys somewhere safe
You can now start adding trustlines to Stellar tokens from your wallet dashboard
Note! The secret wallet key can be imported to other wallets and DEX, make sure any platform you use is secure

DEX wallets

One of our favourite DEX wallets is Interstellar.exchange which provides a full exchange service experience.

Download the app or goto interstellar.exchange and follow these steps;

Apple app

Google Play

Open the app or website and select login, create new session password

Select “Generate Random Wallet”

Copy your secret keys and keep them safe

The wallet is now ready to be activated by sending XLM to the public address. Click “Public Key” to copy the address to the clipboard and send a minimum of 2.5 XLM to the new wallet

Once the wallet is funded you can add the trustline to FRED.

Select “Add token” then Manual

Enter Asset Code: FRED

and Asset Issuer: GCA73U2PZFWAXJSNVMEVPNPPJCZGETWPWZC6E4DJAIWP3ZW3BAGYZLV6 and click “Submit”

Select “Trust Asset”

Sign the transaction by clicking “Submit”

The wallet is now able to hold FRED tokens and interact with the DEX trades

Other Stellar based DEX wallets include;

FREDX Ethereum Wallets

There are many Ethereum based wallets for both mobile and desktop, choosing one depends on how you aim to use it and your preferences.

Here a a few of our favourites;

Metamask

Metamask is great for interacting with blockchain-based applications and is trusted by more than 1 million users.

To get started download the app or go to the website metamask.io and install

Go through the steps to create a new account or import another account

To add FREDX tokens, do the following;

Select “Add Token”

Select “Custom Token” and enter our contract address

0xd8e2b153E94daeC5fE657A49FF59bb68fA67f126

Token symbol and decimals should auto populate

Click “Next”

How to add Binance Smart Chain to Metamask

Switch the connected blockchain by clicking on the tab at the top with “Main Ethereum Network” , then we need to add the Binance Smart Chain network.

Towards the bottom you will see “Custom RPC”

Enter in the BSC mainnet details as follows:

Network Name: Binance Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/ or https://bsc-dataseed1.binance.org/
ChainID: 56, or 0x38 if 56 doesn’t work
Symbol: BNB
Block Explorer URL: https://bscscan.com/