How it Works
The process is simple: buy coin, sow it, share it with your friends and family, and reap the rewards. The 5 main steps are below. Detailed instructions for each step follow.
- Get the Lobstr Digital Wallet– this is an app that allows you to buy cryptocurrency on the Stellar platform. If you do not have a Lobstr digital wallet. follow instructions below.
- Buy Lumens (XLM) – the Stellar coin. The minimum amount to buy is $20.
- Get SeedCoin (SOW) (our coin) – you add our coin (SOW) and then just buy it with the XLM you already bought.
- Sow the Seeds – let your SOW sit for at least 6 months, allowing it to grow.
- Reap the Rewards – After staking your coins for 6 months or more, we encourage you to share your coins or simply continue to watch the market and the value of your SOW coin.
Detailed instructions are below.
- Go to your App Store (iPhone) or Play Store (Android) and download Stellar “Lobstr” Wallet or on go to the website here do it on the web.
- Open wallet, click Create Account, and enter and RECORD all information as prompted. Take screenshots if that helps.
- You will be asked to create a new “Federation Address”. This address will look like an email ( i.e., Richjeff*Lobstr.co or Lunaandking*Lobstr.co). You will have to create your own. Think of something simple so you will remember it. Copy this Federation Address and paste it somewhere or write it down.
- Now you have your Stellar Wallet.
2. Buy Lumens
- From the main menu, select “Buy Lumens”. You do not have to buy much – you can buy as little as $20 worth.
- Enter the amount you want to pay and it will automatically configure the amount of Lumens and click continue.
- Review and confirm your order.
- This will send you out to Moon Pay, a payment system that allows you to purchase currency using credit and debit cards.
- Go through the verification process and enter your details. This is standard for any crypto payment service. It is like opening a bank account.
- They will send you a verification code in a text message. Enter that verification code here and click continue.
- The final step here Is to verify your identify. You will select your country and the document type to verify your identity and then click Continue.
- You will upload a picture of your document. If you choose a driver’s license, you will need to upload both the front and the back of your license. Ensure that both the front and the back are accepted by Moon Pay.
- Then you will have wait until your identity has been verified, which can take a few hours to a couple of days. Once that is done, you are ready to get your SOW Seedcoin.
3. Get SOW
- Once you have Lumens (XLM), go to the drop down menu bars and select “Assets”. Then go to bottom of page and select “Add Asset”.
- In the Search field at the top, enter SOW. Then select SEEDCOIN (SOW). This will enable you to buy and receive SOW assets.
- To buy SOW assets, go to the drop-down menu and select “Trade”.
- Select the top left Coin. It will most likely will show BTC (bitcoin). Then select SEEDCOIN (SOW) from the menu that pops up.
- Ensure that the top right shows XLM (what you are selling to buy SOW).
- Select bottom left “Buy SOW,” then enter an amount to buy.
- Then Select “Buy SOW” at the bottom and you are all set.
4. Sow Seeds
- From this point, you merely let your SOW grow for at least six months. This allows our foundation to build so that all of us may reap the rewards and help people with our compassion projects (people suffering from homelessness, starvation and disease).
5. Reap the Rewards
- After staking your coins for 6 months or more, we encourage you to share your coins or simply continue to watch the market and the value of your SOW coin. We make no promises or predictions of the future values or price of SOW. Like all currencies on the global market, SOW is subject unforeseen events that influence the daily price of coins either positively or negatively.
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