How to use
User manual for Cmoney Cheque
Last updated
User manual for Cmoney Cheque
Last updated
The Cmoney Cheque is a physical item that allows you to write its value and then register it in the CPP staking system to give it trade value.
To use the Cmoney Cheque, stake a minimum of 1000 CPP Tokens or more within the CPP Staking system.
After meeting this requirement, you can proceed to create a contract and utilize the Cmoney Cheque!
Individual Cheques are not available for sale; instead, they are packaged within the "Cmoney Cheque Book," which comprises 25 Cheques.
When you meet the eligibility criteria on the CPP staking page to use the Cmoney Cheque, an option to purchase the Cmoney Cheque Book will become available.
Alternatively, you can directly purchase the Cmoney Cheque Book on PhygitalX.
Simply click on the "Buy Cmoney Cheque Book" button to proceed. This will redirect you to the dedicated page on PhygitalX where you can complete the purchase process hassle-free.
When your account accesses the Cmoney Cheque page for the first time:
If you have not staked the required 1000 CPP tokens, the system will prompt you to stake the necessary amount.
If you have staked 1000 CPP tokens or more, the system will prompt you to create a contract to utilize Cmoney Cheque and add balance.
Once you have staked at least 1000 CPP tokens, you will gain the authority to create a contract and begin using the features of Cmoney Cheque.
On the Cmoney Cheque screen, click the "Create contract address" button, and the system will initiate the contract creation for you.
This contract allows you to deposit USDC into your balance and permits the recipient of the Cheque to withdraw funds.
After creating the contract, the Cmoney Cheque website interface will be displayed for you.
Here, you can access your payment contract address and view your USDC balance.
You also have the capability to deposit funds into or withdraw funds from your balance.
This is where you can keep track of all your registered Cheques.
Not withdrawn: the list of Cheques that have not been withdrawn.
Withdrawn: the list of Cheques that have been withdrawn.
Here, you have visibility into all the individuals listed under "User Allowed to Withdraw Cheques," commonly referred to as the "Whitelist."
Moreover, you can expand this list by adding more users to the Whitelist directly from this page.
The initial step to start your use of Cmoney Cheque is by depositing USDC into your Cheque balance.
To deposit USDC into your balance:
Tap the "Deposit" button.
Enter the desired amount of USDC for deposit.
Complete the process by clicking the "Deposit" button.
Similarly, when you wish to withdraw USDC from your balance:
Select the "Withdraw" button.
Enter the amount of USDC you want to withdraw.
Finalize the withdrawal by clicking the "Withdraw" button.
Please be aware that each time you deposit or withdraw USDC, there will be a small AVAX fee required as gas.
Therefore, ensure there's some AVAX in your wallet to cover these fees.
Remember, a Cheque is a physical item found in a bundle of 25 known as the "Cmoney Cheque Book."
You will need to manually fill in the details on the Cheque, such as:
Amount: the desired USDC amount you wish to register.
Valid from: the date from which the Cheque becomes valid and accessible for withdrawal.
Payer's signature: the confirmed signature of the payer.
To register the Cheque on the CPP staking system, follow these steps:
Go to the CPP staking page and click the "Register Cheque" button.
Use the "Camera" option to take a photo of the filled-out Cheque directly or choose "Upload" to add a picture of the Cheque.
Once the Cheque image is uploaded, our system will scan it to extract the information and automatically fill in the empty fields below.
Click "Register" to complete the Cheque registration process!
Important Note: Despite our system's automatic scanning, handwritten information on the Cheque may occasionally pose challenges for accurate scanning.
Therefore, carefully review the displayed information after the system scans the Cheque. If there are any errors, you can make direct corrections.
After registration, the information on the Cheque cannot be altered unless you delete and re-register it.
It's crucial to note that only users listed in the Whitelist have the authority to withdraw funds from the Cheque.
To add a user to the Whitelist, follow these steps:
Access the "Users Allowed to Withdraw Cheques" tab.
Select "Register".
Complete the required information:
User Name: The recipient's name (this doesn't impact the Cheque but helps identify the individual).
Address: The recipient's wallet address. Only registered wallet addresses can perform Cheque withdrawals.
To initiate a Cheque withdrawal, the recipient must possess the physical Cheque.
Follow these steps to proceed with the withdrawal:
Scan the QR code on the Cheque.
Use the "Camera" to take a direct photo or click "Upload" to upload an image of the Cheque.
Wait for the system to scan the information written on the Cheque.
Once the information is displayed, carefully review it. If there are any errors, you can make adjustments.
Enter the recipient's wallet address.
Press "Withdraw" to transfer the money to your wallet.
You can delete only those Cheques that haven't been withdrawn. Follow these steps:
Navigate to the "Register Cheque" tab on the Cmoney Cheque page.
Select the Cheque you want to delete and click the drop-down button.
Click on the "Trash can" icon associated with the Cheque.
Confirm by clicking "Delete".
Please note: Deleting a registered Cheque in the Cmoney system doesn't permanently remove its physical counterpart or its unique ID.
This means you can re-register the physical Cheque after deletion. Therefore, there's no need to worry too much when deleting a registered Cheque.
