Why do I need to fund my Colored Coin address with Bitcoins?
You need to send a few Bitcoins on your colored coin address in order to have some Bitcoins when you want to issue and send colored coins.
There are 2 reasons you need Bitcoins to issue or send colored coins:
We then recommend sending a minimum of 0.001 Bitcoin so that you can cover for several transaction fees and minimum dust for a few issuing or transfer transactions. Note that the absolute minimum you need would be 600 Satoshis
- To be able to include to a transaction fee and speed up the transaction (note that this is optional)
- As there needs to be a minimum number of Bitcoins in any Bitcoin blockchain transaction (called dust and equal to 600 Satoshis = 0.000006 Bitcoins in the current version of Bitcoin ). Note that you can recover this dust if you one day decide to uncolor your colored coins.
(allowing you to issue your colored coins).