Welcome to Solomons Lot! If you’re looking to invest in fractional real estate, setting up your Goby Wallet is the first step. This guide will walk you through everything you need to know to get started, even if you’re completely new to blockchain and cryptocurrency.
Why Use the Goby Wallet?
Solomons Lot runs on the Chia blockchain, which is known for its security, sustainability, and advanced smart contract capabilities. The Goby Wallet is designed specifically for Chia, offering a secure and user-friendly way to manage your assets and interact with decentralized applications (dApps) like Solomons Lot.
Step-by-Step Guide to Setting Up and Connecting Goby Wallet
1. Install the Goby Wallet
Download and Install: Head over to the Goby Wallet website or search for it in the Chrome Web Store. Add the extension to your browser.
Create or Import a Wallet: Create a New Wallet: If this is your first time, create a new wallet. You’ll receive a 24-word seed phrase. Store this securely—it’s your private key and the only way to access your wallet. Import an Existing Wallet: If you already have a Chia wallet, you can import it by entering your existing seed phrase.
2. Connect Your Goby Wallet to Solomons Lot
Visit the Solomons Lot Website: Navigate to the Solomons Lot homepage.
Click “Connect Wallet”: Look to the top right corner of the homepage. You’ll see the "Connect Wallet" button. Click this, and select Goby from the list of supported wallets.
Authorize the Connection: A prompt from Goby will appear asking you to confirm the connection. Once approved, your wallet is linked to Solomons Lot.
3. Manage Your Wallet and Funds
New Wallet Users: If you’ve just created your wallet, it won’t have any funds in it yet. You’ll need to deposit Chia (XCH) into your Goby Wallet before you can purchase any Digital Assignment Contracts (DACs). Check out our other guides on how to acquire XCH and transfer it to your wallet.
Security Reminder: Always keep your seed phrase private. Do not share it with anyone. If you lose access to your seed phrase, you’ll lose access to your funds.
Why Chia and Goby?
Security: Chia’s blockchain is designed with advanced security features that protect your investments.
Programmability: Chia’s smart contracts allow for complex transactions like fractional real estate ownership and regulated trading of DACs.
Sustainability: Chia uses a proof-of-space-and-time consensus mechanism, which is more energy-efficient than traditional proof-of-work blockchains like Bitcoin.
Additional Resources
By following this guide, you’ll be well on your way to investing in fractional real estate on Solomons Lot. If you encounter any issues or have further questions, feel free to explore the additional resources or reach out to our support team.