How to create Claimable balance in the App

1. Access the Payment Section:

Launch the Scopuly mobile application on your device.
There are two ways to access the payment section: - Directly: Tap on the “Payment” button at the bottom of the home page. - Via Wallet: Tap on the “Wallet” button at the bottom of the home page, then tap “Send” within the wallet section.

In the “Payment” window, select “Claim”. You’ll be presented with a form to fill out with the claimable balance details.

Source Wallet: Select the wallet from which you want to send the assets.
Asset: Choose the Stellar-based asset you want to send as a claimable balance (e.g., XLM, SCOP).
Amount: Enter the amount of the selected asset you want to send.
Recipient’s Address (Public Key): Enter the Public Key (wallet address) of the recipient who will be able to claim the balance. Double-check the accuracy of this address.
Claim Start Time (Optional): Set a time after which the recipient can start claiming the balance. If you leave this blank, the recipient can claim immediately.
Claim End Time (Optional): Set a time after which the recipient will no longer be able to claim the balance. If you leave this blank, there is no time limit.
Memo (Optional): You can include a memo with the claimable balance. A memo is a short text field that can be used to provide additional information to the recipient.

Tap the “Options” button to access claim type settings.
You can select the type of claim: - Anytime: The recipient can claim the balance at any time (within the start and end time limits, if set). - After End Time: The recipient can only claim the balance after the specified end time. - Never: The recipient can never claim the balance. This option is typically used for specific advanced use cases.

Carefully review all the details you’ve entered in the claimable balance form, including: 1.Source wallet 2.Asset 3.Amount 4.Recipient’s address 5.Claim start and end times (if set) 6.Memo (if included) 7.Claim type
If everything is correct, tap the “Send (Number)(Asset)” button. For example, if you’re sending 5 XLM, the button might say “Send 5 XLM.”

A “Confirm” window will appear, summarizing the claimable balance details.
This is your last chance to verify the information before the claimable balance is created.
If you’re certain everything is accurate, tap the “Confirm and Send” button.

After a short processing time, you will see a notification confirming that the balance due has been successfully created.

Recipient Awareness: Inform the recipient about the claimable balance and any specific instructions for claiming it, such as the claim start and end times.
Claiming Process: The recipient will need to use a Stellar wallet that supports claimable balances to claim the funds.
Unclaimed Funds: If the recipient doesn’t claim the funds within the specified timeframe (if an end time is set), you may be able to recover them.
Network Fees: Creating claimable balances incurs Stellar network transaction fees, which are deducted from your source wallet balance.
Address Accuracy: Double-check the recipient’s address to avoid sending the claimable balance to the wrong wallet.

Once you’ve created a Claimable Balance, the recipient will be able to claim it whenever they meet the specified conditions.

Last updated 5 months ago