Catalyst Onboarded Companies Playbook
  • Introduction
  • Contents
  • Part 1: Terms and conditions of your funding
    • Where your funding comes from
    • How much you got funded and how it gets distributed
    • Phase 1: Onboarding, Proof of Life and Test Transaction
      • Proof of Life (PoL)
    • Phase 2: Project Delivery and Regular Reporting
    • Phase 3: Close-out Report and Video
    • Expected return (or why you got funding)
  • Part 2: Using the funding
    • Before you start
    • Open a wallet
      • What you need to know about wallets
      • Keeping your seed phrases safe
      • Multi-signature (multisig) wallets
      • Hardware Wallets
      • Risk list: Why not to store your ADA on an exchange
      • Video links about wallets
      • The case for lace.io
    • Converting from ADA to your currency
    • Converting from ADA to a stablecoin
      • Djed stable coin
      • Converting your ADA to stablecoin on a Cardano DEX
      • List of DEXs
  • Part 3: Accounting and Reporting
    • First steps to tracking funds
    • Keeping track of your funds
    • Accounting for funds recieved
    • Tools to help with taxes
    • Plan ahead to mitigate loss due to volatility
    • Reporting
  • Part 4: Community Support
    • Technical support
    • Telegram groups
    • Challenge Teams
    • Coordinator meetings
    • Project Catalyst Team – how they can help
    • Project Catalyst Team contacts
    • Get help from the Treasury Guild
  • Part 5: Cardano Business Technologies
    • Overview
    • Understanding Cardano Blockchain Technology
    • Programming on Cardano
  • About Cardano Smarthubs
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  1. Part 2: Using the funding

Open a wallet

Start accepting your Cardano Project Catalyst Innovation funding.

PreviousBefore you startNextWhat you need to know about wallets

Last updated 2 years ago

If you have submitted multiple proposals, you should ensure that the funds you receive are properly allocated to the corresponding proposals by providing a unique wallet address for each proposal.

Opening a wallet

  1. Find a browser extension Look for Cardano wallet browser extensions in the Chrome Web Store or Firefox Add-ons. Some popular browser extension options include Eternl, Typhon or any on the list below;

  2. Install the browser extension

    Once you have found a browser extension you would like to use, click on the "Add to Chrome" or "Add to Firefox" button to install it.

  3. Create a new wallet After installing the browser extension, you will need to create a new wallet. This involves entering a password and creating a seed phrase. Make sure to keep this seed phrase in a safe and secure place.

  4. Backup your wallet After creating your wallet, you will need to backup the seed phrase. This is important in case you lose access to your wallet or your computer crashes.

Receive and send ADA

Receive ADA To receive ADA, you'll need to share your wallet's address with the sender. This can be done by clicking on the browser extension icon, then on the "Receive" tab and then sharing the address of your wallet (usually starting with 'addr'.

Send ADA To send ADA, you'll click on the browser extension icon, then on the "Send" tab, enter the recipient's address, and then specify the amount of ADA you would like to send.

Keep in mind

Browser extensions do not have the same level of security as hardware wallets or software wallets installed on a personal computer, so you should always be careful when using them and not store large amounts of ADA in them.

https://eternl.io https://typhonwallet.io https://daedaluswallet.io/ https://yoroi-wallet.com/#/ https://flint-wallet.com/ https://www.lace.io/ https://namiwallet.io/