Marketing My Gold

I have my gold-backed tokens. Now what?

Now that you have your very own gold-backed tokens from Ordinal Gold(TM) you are probably wondering what you can do next?

Well, here we’ll explain just how flexible and valuable they are.

With your tokens, you can:

• Hold, hodl or godl them. Vest them to your children and their children. You will experience the rise in token value from their acquisition price to the bullion price. Keeping them in token form you avoid the hassles of holding and managing the physical gold asset. (Remember that you have acquired your gold often at deep discounts based on the rating of the gold mining project. Read all about our mine rating system, Honey Badger Oracle(TM), and the discounts you can experience here).
• Experience any rises in the gold price.
• Leverage them. Use them as collateral for accessing other forms of finance (coming soon).
• Exchange them at physical gold windows and receive real gold bullion (coming soon).
• Put some or all them back onto the market. That’s that the rest of this page will be dedicated towards: helping you sell your tokens.

Being Your Own Wealth Sovereign

Being in control of your own wealth is a new thing. Rather, we are returning to the days when next to your godl carrying leather purse dangling from your belt, you kept your dagger for self defence and wealth preservation. Whilst we don’t expect to return to those days, taking control of your own wealth does require new knowledge and self determination to acquire that knowledge. But it is well worth it.

For example it is vitally important that you control the private seed words of any crypto wallet you possess. Without these words, if your device is lost or damaged, then your wealth gone too. That also means you never give anyone, even us, your private seed words or store them in unsecured locations (like as an image on your phone).

Thus, understanding and managing your wealth in the crypto space is your new adventure. Here we’ll take you through a fun journey to put your gold back tokens back on the market for others to buy. We recommend you do this 2 or 3 times for small lots. Show your friends your new skills. Get them to buy your gold from you.

Step 1

First of all make sure you are using Xverse.app on your phone as well as your desktop browser. You will access the same address from both wallets so you should see your Ordinal Gold(TM) tokens in both places.

The entire process of putting your tokens onto the market for sale requires the Xverse browser extension. You won’t be using your phone for the steps listed here. We recommend having the Xverse app on your phone for portability, validating you’ve done everything correctly, and of course for showing to others.

This means on the first device you open a new Xverse wallet. On the second device you open an existing Xverse wallet using the secret seed words you get from the Xverse wallet on your first device.

Keep your private seed words secret and secure! They are your gold.

Xverse is rated as the number one Bitcoin Web3 wallet.

Everything from now on is done from your Chrome based browser that has Xverse browser extension installed.

Step 2

Make sure you have some Bitcoin sitting in your Xverse wallet. You will need it for the upcoming steps. Your Xverse wallet will also receive the BTC from the sale of your BRC-20 tokens.

Step 3

Next go to our market place on Unisat.io

Step 4

From your browser (it needs to be a Chrome based browser), connect your Xverse wallet browser extension to Unisat.io. There are several screens for you to explore in the connection process.

Step 5

Look at the token lots already on sale and remember the price ranges you see there. You will see both sats/OXGA and USD ($).

Step 6

Next, go to the “My Assets” gold button on the right hand side.

You will see your Ordinal Gold(TM) brc20 token listed there. If this is your first time to do this you will see the number of transferable tokens will be 0. The available tokens will be your total amount of tokens you have.

Step 7

You will also see a “List” button. Press that.

Step 8

This is where you list your OXGA for sale.

If this is your first time, you will see only a large plus sign with the words “Inscribe TRANSFER”. Click this.

Step 9

The next screen that appears auto-fills with the transfer option selected and the token name (i.e. OXGA)

Now you will set how many tokens you want to list for sale. Use an unusual number, e.g., 767, if you are putting some of your tokens up for sale to people you specifically know that want to buy your tokens. This is so you can tell your friends: “buy the token lot that has 767 tokens in it”, for example.

Step 10

The next step is a confirmation page. Check that tick is OXGA and amt = what you have decided to list. For example 767.

A warning appears. Just click “understood”. It only applies when minting and you are not doing that.

Step 11

The next step is very important, and can be a bit confusing, but it will be easy if everything has gone well.

Make sure that the address to receive the assets is the same as your connected Xverse wallet address. This is the one that starts with bc1.  (This means it is a taproot address which is good). It must be the wallet that already holds your gold-backed tokens (i.e. your OXGA tokens).

All going well, when you click in the box the correct wallet will appear as an automatic selection.

Important note: if you don’t have this address properly selected, the transaction will go through (and the fees will be collected by the Bitcoin miners) but the assets will be unusable.  You won’t have lost your tokens. But you’ll have to repeat the listing process again.

Step 12

Scrolling down a little after your address selection you will now set you listing fees (or mining fees, with a small server fee that Unisat.io collects).

You have the fee options of Economy, Normal or Custom. we find Normal works fine. If the fees you offer are too low, then it might be that no miner picks up your transaction request. You’ll have to repeat the process some days later when the transaction is finally discarded by the mempool (a Bitcoin process).

Step 13

Now ‘Submit & Pay Invoice’. You will be presented with page called “Inscribing Order”.

This is your last chance to check all details.

Here select “Pay with Wallet” and Unisat will take the fees as Bitcoin from your connected Xverse wallet.

When you press “Pay with wallet” your Xverse browser application will open and ask you to confirm the transaction. Confirm. Then in a few moments you will see in Unisat that the transaction will move from “Pending” to “Inscribing”.

You can then watch the progress of your transaction on the MemPool.Space. This is a great way to see the inner workings of the Bitcoin protocol. Grab a coffee. Sometimes this process can take 30 minutes or more, depending on Bitcoin transaction traffic and the fees you set earlier in Step 12.

Step 14

Once your transaction has been confirmed 3 times then you are ready to list your lot of tokens for sale on the Unisat market place. You can see this in the mempool.

Go back to “My Assets” (Step 6) and now you should see that your number of “transferable assets” has increased to the number of tokens you have just created the transaction for.

Select “List” .

Now you will see your lot of OXGA tokens ready for listing.

Select them and press the button to List xxx OXGA for sale, where xxx is the number of tokens you have in the token lot you have just created.

Step 15

The next page is where you enter the Satoshis per gold-backed token. This is your sale price.

As Unisat is a peer-to-peer market place there is no “at market” concept as you might be used to with a central crpto exchange. You are selling your tokens directly with other gold buyers so anyone buying your gold-backed tokens (probably OXGA) will be able to see your price compared to other OXGA token lots that are for sale. You are free to set what ever price you wish.

Be careful here. Put them for sale at a price others will want to buy and at a price you want to sell. At the time of writing this price was about 88,500 sats for each OXGA token. That’s roughly the price of gold per gram with a discount for wholesale buying of 25%. That’s the discount for OXGA tokens. As you enter the number it will tell you how much USD ($) this is presently worth in Bitcoin.

Then select “List xxx OXGA for sale” and you are all done! You’ll see your updated lot of tokens with their new listed price.

You can view your newly marketed tokens at the Unisat market place.

Updating Your Token Listing Prices

Keep an eye on your tokens. As they are gold backed and sold in Bitcoin, as the price of Bitcoin and gold fluctuates, the price you have set for your lot of tokens may become too expensive or too cheap.

Setting a new price for your tokens is straightforward.

Click “My Assets” (Step 6)
Click “OXGA” (for example)
Then select “My Orders”

Look to the right and you will see options to “Update” or “Unlist”. They do what they say.

Update is free – as many times as you want. Unlist will cost mining fees.

Click Update.

Enter your new price and then click Update one more time.

Now you are done!

More to Come

We are will be adding other market places soon. Unisat offers the lowest commission (0.5% at the time of writing) out of any other market place (Magic Eden is 2.7%)