As described in the introduction to Flipstarter, the first version uses a special type of transaction called Anyone-Can-Pay. It guarantees that your pledge can only be used if the campaign reaches its full target. Due to lack of wallet support at this time, you will have to do more than just point your phone at a QR code. We will get to the QR code version in future versions of Flipstarter technology! Also please let your favorite wallet know if support for Flipstarter technology is important to you.
More detail below.
Warning: As always with wallets, only install Electron Cash and plugins from a source that you trust. Get a second opinion if you are not sure. A malicious plugin will have full access to your computer.
Get Electron Cash if you do not have it already.
Make sure that the BCH you want to pledge is in a standard wallet. Most people will have standard wallets. If your pledge BCH is in a multi-sig or hardware wallet, you will need to send the pledge amount to a standard wallet first. If you do not know what multi-sig or hardware wallets are, then you do not need to worry about it.
Add Plugin--> Select the downloaded zip file.
With the Electron Cash wallet that you want to pledge from:
Paste pledge detailsand check that the amount, name and comment are correct.
Confirm pledge. To prepare your pledge, the plugin will create a transaction. You can see it in your history as a transaction to yourself.
Copy pledgeand it will automatically select everything. Copy that.
There are some cases where your pledged coin will not be used:
There is now a built-in tool that will handle cancelling your pledges.
Cancel all pledgesand follow the directions.
When you make a pledge with the Flipstarter plugin, it creates one coin with exactly your pledge amount and "freezes" it so that you do not accidentally spend it. You can see it in the
Coins tab of Electron Cash. You might need to click
Show Coins if you do not have a Coins tab.
To cancel the pledge, you need to un-freeze it and also spend it back to yourself. We recommend you ask for help from Flipstarter or someone else who is familiar with Electron Cash if you are concerned about any of these steps.
Sendand do any required confirmation.
Now your pledge was unfrozen and spent to yourself so that the campaign can no longer use it.
Actually you can un-freeze your pledged coin and spend it at any time even during a campaign. If you spend it, the campaign will detect and remove your pledge so don't worry if you need to cancel.