With Status, you can mint custom tokens as a community owner. You have complete control over your token creation and distribution.
Your token's purpose and use are specific to your community. For example, you can reward your entire community or individual members with custom tokens, or offer exclusive membership to token holders. After minting your tokens, you can distribute them to community members and other users of Status via airdrops.
When you mint a token, you create a new and unique digital asset in the blockchain network. The blockchain charges you a transaction fee for this process. For more details about blockchain fees, check out Understand network fees.
|Token symbol||Choose up to four words to identify your token. Tokens minted by the same community can't have the same symbol.|
|Account||Select the wallet account you want to use to mint the token and pay the transaction fees.|
|Network||Choose the Ethereum mainnet or your preferred Layer-2 network to mint your token. You can choose between Optimism and Arbitrum Layer-2 networks. |
Layer-2 networks commonly have lower network fees.
|Unlimited supply||Turn on this option to create an unlimited number of tokens. If you choose this option, you can't burn your token after minting.|
|Total finity supply||The total number of tokens that can be produced or minted. After minting the token, you can reduce this number by burning the token.|
|Not transferable (Soulbound)||If you turn on this option, the token becomes locked to the first wallet address it is sent to, and can't be transfer to another address.|
|Remote self-destruct||When you turn on this option, you can destroy the token and make it unusable, even after you transfer it to others.|