This guide aims to offer you clear instructions on how to trade Litecoin Ordinal Inscriptions on the Ethereum network through Emblem Vault. Following these steps will allow you to engage in NFT trading on popular marketplaces like OpenSea.io and LooksRare.org. Additionally, this guide will also show you how to access the vault and restore the Inscriptions to the core ord wallet. (For this guide, it is assumed that you are familiar with working with the ord client. (https://github.com/ynohtna92/ord-litecoin)
To vault an NFT with Emblem Vault, you need to use a service token called COVAL during the process of creating a vault. The cost for each vault is 250 COVAL. To obtain COVAL tokens, you can switch over to Uniswap (https://app.uniswap.org/#/swap?outputCurrency=0x3d658390460295fb963f54dc0899cfb1c30776df) and make a purchase. The process for purchasing COVAL tokens on Uniswap with Metamask is self-explanatory, so we will not be covering it in this guide.
To get started, access https://emblem.finance/create and sign in with your Metamask account that holds some ETH and COVAL tokens. Your present COVAL balance will be displayed on the top right-hand side of the page.
NFT NAME - INSCRIPTION ID
We are using Litecoin Glitch Ordinal (Lavender Rose) - Inscription #668
.
The description could include the following content:
This Emblem Vault contains the private keys to a Litecoin wallet which holds Ordinal Inscription #668.
This Inscription is part of the Litecoin Glitch Ordinals project. All of the Litecoin Glitch Ordinals are sub 1k Inscriptions on Litecoin Ordinals, from Inscription #668 to #865.
You can validate that this vault contains the Inscription by looking at the address of the Inscription on any Litecoin Ordinal explorer and validating that it matches the address of the LTC wallet for this Emblem Vault.
Inscription ID: 9278bd914fdc07f866fc4b4e402c87a0aa04666cfc9f0c9dde6ead58b17abcf7i0
After the transaction was confirmed by the network, the vault was created and should be empty with no content in the wallet.
In this step, we fund the vault. First, we send a minimal amount of Litecoin to the wallet. The amount can be later used by the vault owner to resend the Inscription in case the vault has been cracked. I recommend a amount of 50,000 Litecoin satoshi. To do this, we click on the LTC button of our vault, copy the Litecoin address, and send the amount from any wallet to the vault. You can do this directly through the ord-litecoin client or use another wallet or service like (https://simpleswap.io). In our example, we use the ord client with the command ord --wallet litecoin wallet send LRJhACtAghhHrVmJJzAPKf9tKjCML9SsmS 50000sats --fee-rate 2
.
ord --wallet litecoin wallet send LRJhACtAghhHrVmJJzAPKf9tKjCML9SsmS de2e4a927f338995dba14a0a4025d217d915f7cc8950439152047bfadf287ef3i0 --fee-rate 2
Metamask will open and confirming the opening of the vault requires a transaction.
After the transaction is confirmed by the network, a new button "Get Keys" appears, which we now click.
Now, it needs to be confirmed with a signature from Metamask that the keys should be displayed.
A popup window appears, and it shows us all the private keys of the vault. What we need here is the private key of our LTC wallet and the mnemonic phrase.
ordl --wallet testrestore wallet restore "owner together pattern drink few viable before pool trend candy hammer silly“
. The „testrestore
“ is the name of the wallet we create out of the mnemonic phrase. If we then check the balance and Inscriptions of the wallet, we unfortunately have to find that they are still missing../litecoin-cli loadwallet testrestore
./litecoin-cli getwalletinfo
./litecoin-cli importprivkey "T36WTwVQCMVoxSC6p6MydFnkENTtBsjy8KxBcCbV9DAD67u6GFFF"
If you switch to another terminal and check the wallet information again, you will be able to see that the wallet is currently rescanning.Now, we will use a little trick to shorten the waiting time of 2 to 3 hours that the scan would normally take to just a few seconds. We stop the rescan by restarting the Litecoin client again.
We copy the LTC address of the vault and search for it in a Litecoin block explorer (https://chainz.cryptoid.info/ltc/address.dws?LUcKk8NkcCHJUhyM3nw54uBFbBeE6Nf4Sq.htm). Here, we can determine the blocks in which the vault was loaded with LTC and the Ordinal Inscription. In our case, it is block 2428962.
./litecoin-cli rescanblockchain 2428950 2428970
. If we now query the wallet information again, we see that the wallet finally shows a balance. „./litecoin-cli getwalletinfo“