Get test MGLD · Midas Chain testnet
Test gold by the gram, in a minute.
Connect a browser wallet on Midas Chain testnet. Take MockXAU, test gold that is not gold, then mint MGLD by the gram and redeem it. Test MDLR also redeems into MockXAU, so the two loops meet. None of these tokens has value.
Testnet only
Test MGLD is backed by MockXAU, a test token with no value, so it has none either. One MGLD is one gram; one MockXAU is one troy ounce, 31.1034768 grams. The mainnet MGLD, with bars behind it, is planned for Phase 2.
Transactions need a little MIDS for gas. Get it from the Midas Chain faucet. onmidas.xyz
1. Take test gold
MockXAU gives 0.05 oz a day to each address, about 1.555 grams. It is not gold. Test MDLR redeems into MockXAU too, on the MDLR get page.
2. Mint MGLD with MockXAU
Type the grams you want. The reserve says what gold they take, rounded up by at most one unit; approve it for that, then mint. Max asks the reserve the most your MockXAU can mint. No fee. Every MGLD exists only after its gold is in the reserve.
3. Redeem MGLD for MockXAU
Approve the reserve to take your MGLD, then redeem. You receive its gold back, rounded down by at most one unit. Redemption is never paused, has no fee and no cap.
4. Show MGLD in your wallet
Adds the token address to your wallet's list, so the balance is shown.
- MGLD reserve
- 0xd17497faB38b632e36c90872628254133F135663
Get test MDLR · About MGLD · The testnet guide
Nothing on these pages is an offer, a solicitation or a recommendation to buy, sell or hold any asset, in any jurisdiction. No MIDS has been minted, test MDLR and test MGLD have no value, and none of the three is on a mainnet.