Creating a mosaic

Tokenize an asset using mosaics.

Background

Imagine that a private company, ComfyClothingCompany, decides that it wants to go public. Instead of a traditional IPO, the company decides to do an STO to issue tokens through the Symbol platform.

In this guide, we are going to help this company to create the tokens for their STO.

Prerequisites

Defining the mosaic properties

ComfyClothingCompany decides to create their STO mosaic with the following configuration:

Property Value Description
Divisibility 0 Although brokerages and investment firms can fractionalize shares, the traditional minimum number of shares an investor can purchase from the open market is 1.
Duration 0 Shares of the company should exist as long as the company is in business. The ComfyClothingCompany sets this property to 0, creating a non-expiring mosaic.
Supply mutable True ComfyClothingCompany sets the initial supply of the mosaic to a typical startup amount of 10,000,000 authorized shares. As the company grows, it could choose to increase the number of shares, so the supply mutable is set to true.
Transferable True Once the initial shares are distributed, the shares will be on the market to be traded in public. Thus, the transferability property needs to be set to true.
Restrictable True Since STOs are regulated, the mosaic creator should be able to restrict which accounts can transact with the mosaic.

Method #01: Using the Desktop Wallet

  1. Click on the “Mosaics” tab from the left side menu.
  2. Click on the “Create new mosaics” tab on the top of the page.
../../_images/desktop-create-mosaic-1.gif
  1. Determine the properties of the mosaic you desire to create. Click “Send”.
../../_images/desktop-create-mosaic-2.gif
  1. Verify the information on the popup and enter your wallet password. Click “Confirm”. This should send the transaction to the network.
../../_images/desktop-create-mosaic-3.gif
  1. When the transaction becomes confirmed, you can check to see that the mosaic has been created by going back to the “Owned mosaics” tab.

Method #02: Using the SDK

  1. Open a new file and define a MosaicDefinitionTransaction and determined the desired mosaic properties .
View Code
// replace with network type
const networkType = NetworkType.TEST_NET;
// replace with private key
const privateKey = '1111111111111111111111111111111111111111111111111111111111111111';
const account = Account.createFromPrivateKey(privateKey, networkType);
// replace with duration (in blocks)
const duration = UInt64.fromUint(0);
// replace with custom mosaic flags
const isSupplyMutable = true;
const isTransferable = true;
const isRestrictable = true;
// replace with custom divisibility
const divisibility = 0;

const nonce = MosaicNonce.createRandom();
const mosaicDefinitionTransaction = MosaicDefinitionTransaction.create(
    Deadline.create(),
    nonce,
    MosaicId.createFromNonce(nonce, account.address),
    MosaicFlags.create(isSupplyMutable, isTransferable, isRestrictable),
    divisibility,
    duration,
    networkType);
View Code
// replace with network type
const networkType = symbol_sdk_1.NetworkType.TEST_NET;
// replace with private key
const privateKey = '1111111111111111111111111111111111111111111111111111111111111111';
const account = symbol_sdk_1.Account.createFromPrivateKey(privateKey, networkType);
// replace with duration (in blocks)
const duration = symbol_sdk_1.UInt64.fromUint(0);
// replace with custom mosaic flags
const isSupplyMutable = true;
const isTransferable = true;
const isRestrictable = true;
// replace with custom divisibility
const divisibility = 0;
const nonce = symbol_sdk_1.MosaicNonce.createRandom();
const mosaicDefinitionTransaction = symbol_sdk_1.MosaicDefinitionTransaction.create(symbol_sdk_1.Deadline.create(), nonce, symbol_sdk_1.MosaicId.createFromNonce(nonce, account.address), symbol_sdk_1.MosaicFlags.create(isSupplyMutable, isTransferable, isRestrictable), divisibility, duration, networkType);
View Code
        // replace with node endpoint
        try (final RepositoryFactory repositoryFactory = new RepositoryFactoryVertxImpl(
                "http://api-01.us-east-1.096x.symboldev.network:3000")) {
            final NetworkType networkType = repositoryFactory.getNetworkType().toFuture().get();
            // replace with private key
            final String privateKey = "1111111111111111111111111111111111111111111111111111111111111111";
            final Account account = Account
                    .createFromPrivateKey(privateKey, networkType);
            // replace with duration (in blocks)
            final BlockDuration duration = new BlockDuration(10);
            // replace with custom mosaic flags
            final boolean isSupplyMutable = true;
            final boolean isTransferable = true;
            final boolean isRestrictable = true;
            // replace with custom divisibility
            final int divisibility = 0;

            final MosaicNonce nonce = MosaicNonce.createRandom();

            final MosaicDefinitionTransaction mosaicDefinitionTransaction = MosaicDefinitionTransactionFactory
                    .create(networkType,
                            nonce,
                            MosaicId.createFromNonce(nonce, account.getPublicAccount()),
                            MosaicFlags.create(isSupplyMutable, isTransferable, isRestrictable),
                            divisibility,
                            duration)
                    .build();
  1. Define a MosaicSupplyChangeTransaction to set the initial supply. For instance, we can set it to 1,000,000 mosaic units.
View Code
// replace with mosaic units to increase
const delta = 1000000;

const mosaicSupplyChangeTransaction = MosaicSupplyChangeTransaction.create(
    Deadline.create(),
    mosaicDefinitionTransaction.mosaicId,
    MosaicSupplyChangeAction.Increase,
    UInt64.fromUint(delta * Math.pow(10, divisibility)),
    networkType);
View Code
// replace with mosaic units to increase
const delta = 1000000;
const mosaicSupplyChangeTransaction = symbol_sdk_1.MosaicSupplyChangeTransaction.create(symbol_sdk_1.Deadline.create(), mosaicDefinitionTransaction.mosaicId, symbol_sdk_1.MosaicSupplyChangeAction.Increase, symbol_sdk_1.UInt64.fromUint(delta * Math.pow(10, divisibility)), networkType);
View Code
            // replace with mosaic units to increase
            final int delta = 1000000;
            final MosaicSupplyChangeTransaction mosaicSupplyChangeTransaction = MosaicSupplyChangeTransactionFactory
                    .create(
                            networkType,
                            mosaicDefinitionTransaction.getMosaicId(),
                            MosaicSupplyChangeActionType.INCREASE,
                            BigDecimal.valueOf(delta * Math.pow(10, divisibility)).toBigInteger())
                    .build();

Note

Symbol works with absolute amounts. To get an absolute amount, multiply the number of assets you want to create by 10divisibility. For example, if the mosaic has divisibility 2, to create 10 units (relative) you should define 1000 (absolute) instead.

3. Announce both transactions together using an AggregateTransaction. Include the network generation hash to make the transaction only valid for your network. Open nodeUrl + '/node/info' in a new browser tab and copy the meta.networkGenerationHash value.

View Code
const aggregateTransaction = AggregateTransaction.createComplete(
    Deadline.create(),
    [
        mosaicDefinitionTransaction.toAggregate(account.publicAccount),
        mosaicSupplyChangeTransaction.toAggregate(account.publicAccount)],
    networkType,
    [],
    UInt64.fromUint(2000000));

// replace with meta.networkGenerationHash (nodeUrl + '/node/info')
const networkGenerationHash = '1DFB2FAA9E7F054168B0C5FCB84F4DEB62CC2B4D317D861F3168D161F54EA78B';
const signedTransaction = account.sign(aggregateTransaction, networkGenerationHash);
// replace with node endpoint
const nodeUrl = 'http://api-01.us-east-1.096x.symboldev.network:3000';
const repositoryFactory = new RepositoryFactoryHttp(nodeUrl);
const transactionHttp = repositoryFactory.createTransactionRepository();

transactionHttp
    .announce(signedTransaction)
    .subscribe((x) => console.log(x), (err) => console.error(err));
View Code
const aggregateTransaction = symbol_sdk_1.AggregateTransaction.createComplete(symbol_sdk_1.Deadline.create(), [
    mosaicDefinitionTransaction.toAggregate(account.publicAccount),
    mosaicSupplyChangeTransaction.toAggregate(account.publicAccount)
], networkType, [], symbol_sdk_1.UInt64.fromUint(2000000));
// replace with meta.networkGenerationHash (nodeUrl + '/node/info')
const networkGenerationHash = '1DFB2FAA9E7F054168B0C5FCB84F4DEB62CC2B4D317D861F3168D161F54EA78B';
const signedTransaction = account.sign(aggregateTransaction, networkGenerationHash);
// replace with node endpoint
const nodeUrl = 'http://api-01.us-east-1.096x.symboldev.network:3000';
const repositoryFactory = new symbol_sdk_1.RepositoryFactoryHttp(nodeUrl);
const transactionHttp = repositoryFactory.createTransactionRepository();
transactionHttp
    .announce(signedTransaction)
    .subscribe((x) => console.log(x), (err) => console.error(err));
View Code
            final AggregateTransaction aggregateTransaction = AggregateTransactionFactory
                    .createComplete(
                            networkType,
                            Arrays.asList(
                                mosaicDefinitionTransaction.toAggregate(account.getPublicAccount()),
                                mosaicSupplyChangeTransaction.toAggregate(account.getPublicAccount())
                            ))
                    .maxFee(BigInteger.valueOf(2000000)).build();

            final String generationHash = repositoryFactory.getGenerationHash().toFuture().get();
            final SignedTransaction signedTransaction = account
                    .sign(aggregateTransaction, generationHash);


            final TransactionRepository transactionRepository = repositoryFactory
                    .createTransactionRepository();
            transactionRepository.announce(signedTransaction).toFuture().get();
        }

Once the transaction gets confirmed, you can try to transfer one unit of the created mosaic to another account, modify the mosaic properties or link a namespace to the mosaic.

Method #03: Using the CLI

Open a terminal window and run the following command to create a new mosaic.

View Code
symbol-cli transaction mosaic