Litecoin NFTs

 

Litecoin NFTs can be created using Omnilite. 

Download the windows version here:

https://omnilite.org/

https://github.com/OmniLite/omnilite/releases/download/v0.18.1/omnilite-0.18.1-win64-setup.exe

 

 

Once omnilite is installed on your computer, run the software.

Then navigate to the Receive tab to create a new omnilite litecoin address.

 

receive address.png

 

Next, send a small amount of LTC to this address. A little bit of LTC is needed to "mint" each token. It pays the network fees on the litecoin network.

 

receive address.png

 

Go to Overview tab next to wait until the balance is available. 

 

receive address.png

 

Next go to Window then Console. This is where you will create NFTs.

 

receive address.png

 

In the console window enter the following code and replace the text.

omni_sendissuancefixed "ENTER OMNILITE M ADDRESS WITH LTC BALANCE HERE" 1 1 0 "" "" "ENTER NAME OF TOKEN YOU WANT TO CREATE HERE" "ENTER URL" "ENTER DATA DESCRIPTION HERE" "SET THIS VALUE TO 1 TO CREATE A 1 OF 1 NFT”

Here is an example of a NFT that was created:

omni_sendissuancefixed "MFCbLUaz3YKnMhiuLgHr6Hw5CH6CwLG53J" 1 1 0 "" "" "Hello" "https://twitter.com/MASTERBTCLTC/status/1482047783007764481?s=20" "This is the worlds first decentralized litecoin tweet in the world, this shows that using omnilite on litecoin blockchain we can build a decentralized twitter platform" "1"

 

receive address.png

Create 1 of 1 NFTs

In the URL location this is where you can enter the URL to an image, or a gif, or a video. You can link this to a tweet or anything you would like. The idea is that in the future when a litecoin NFT platform is built like OpenSea or Coinbase NFT the platform will be able to view the URL. 

Another way to create a link to a image, video, gif or file is to use IPFS. 

I think the most important thing to remember is to use the URL to an image file, gif, or video. So in the future when a litecoin platform is built these NFTs can be viewed.

 

Create Many Tokens

 

In the console window enter the following code and replace the text.

omni_sendissuancefixed "ENTER OMNILITE M ADDRESS WITH LTC BALANCE HERE" 1 1 0 "" "" "ENTER NAME OF TOKEN YOU WANT TO CREATE HERE" "ENTER URL" "ENTER DATA DESCRIPTION HERE" "ENTER THE AMOUNT OF THE TOKEN YOU WANT TO CREATE HERE”

Here is an example of a NFT that was created:

omni_sendissuancefixed "MFCbLUaz3YKnMhiuLgHr6Hw5CH6CwLG53J" 1 1 0 "" "" "MOON" """" "84000000"

For example this code will create 84M tokens called MOON.

 

Send NFTs

After the NFT has been created go to the Send tab. Then click on the Omni Layer tab

 

receive address.png

Then enter the Send to: address and the amount. Make sure the amount is 1 if its a 1 of 1 NFT. If its many tokens you can select as many as are available. 

 

Example Video

LO 22 Token Standard

Litecoin Omnilite Token Standardization Guide:

Type: 1 of 1 NFT

This is the code to enter in the console on omnlite core:

omni_sendissuancefixed "[from address]" [ecosystem #] [type #] [previous #] "[category]" "[ subcategory]" "[name string]" "[url]" "[data]" "[# of tokens]”

 

Laymen’s version:

omni_sendissuancefixed "[ENTER OMNILITE M ADDRESS WITH LTC BALANCE HERE]" [set to 1 for main, set to 2 for test] [set to 1 for whole-units, set to 2 for divisible] [set to 0 for new tokens] "[CATEGORY]" "[SUB-CATEGORY]" "[ENTER NAME OF TOKEN YOU WANT TO CREATE HERE]" "[ENTER URL OF FILE]" "[DATA]" "[SET THIS VALUE TO 1 TO CREATE A 1 OF 1 NFT]”

 

Note: replace code in [ ] brackets as appropriate

Definitions for above:

from address: This is the litecoin address used to create the token. Must have minimum balance to pay the “minting fee”.

ecosystem #: the ecosystem to create the tokens in (1 for main ecosystem, 2 for test ecosystem). Select 1 for NFTs that are ready to be created and go live.

type #: 1 for indivisible tokens, 2 for divisible tokens.  Select 1 for NFTs that are 1 of 1.

previous #: an identifier of a predecessor token (0 for new tokens). Select 0 for NFTS that are 1 of 1.

category:  category for the new tokens (can be "" if want to leave blank). See Category list below in Appendix A.

sub-category : a subcategory for the new tokens (can be "" if want to leave blank See sub-category list below in Appendix B.

name: the name of the new token(s) to create. This will be the name the marketplace will display.

url: an URL for further information about the new tokens (can be "" if you want to leave blank. However, this is the most important detail of the NFT to link to an image, video, etc that you want the marketplace to display. Most NFT artists are using IPFS to host the files for the URL to link to. 

data: a description for the new tokens (can be "" if you want to leave blank. However, this can be used to add royalties for marketplace to determine when the NFT is sold on the platform. To add royalties the following standard has been created. Inside the data field to establish a royalty address and % of the sell use the following:

Royalties. In the Data field enter the royalty addresses followed by underscore and the %. For example:

Example:

MLrKi3G4reUSGEzhDqje7DZCj5cMsRLmKU_10

Would set a total royalty of the NFT at 10%

 

 

Appendix: A

Category Types:

  • Stable Coins

  • Collectibles

  • Art

  • Tickets

  • Music

  • Video

  • Gaming 

  • Virtual items

  • House Titles

  • Car Titles

  • Stocks

  • Identity 

  • Memes

  • Domain names

  • Utility

  • Sports Memorabilia

  • Video-Game Assets

  • Virtual Land 

  • Memes 

  • Gifs

  • Real World Assets 

  • Fashion 

  • Real Estate

 

 

Appendix: B

Sub-Category Types:

Stable Coins

  •  

Collectibles

  •  

Art

  • [Name of collection to group art NFTs together]

Tickets

  •  

Music

  •  

Video

  •  

Gaming

  •  

Virtual items

  •  

House Titles

  •  

Car Titles

  •  

Stocks

  •  

Identity 

  •  

Memes

Domain names

Utility

  • rewards

  • loyalty

Sports Memorabilia

Video-Game Assets

Virtual Land 

Memes 

Gifs

Real World Assets 

Fashion 

  •  

Real Estate

  • House Plans​

  • Truss layouts

  • Site Plans