HelpCommunities
Mint tokens for your community
jorge-campo
jorge-campo
and
earakel
on Nov 15, 2024

Status app is currently in beta stage
The Status app is currently in its beta stage. This means the application is still undergoing active development, and certain features described in this document may function differently or be unavailable within the app.
info
You can only mint tokens using the Status desktop app.

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.

  • Community tokens you mint belong to your community and depend on it. This is why they don't appear in your Status Wallet once you mint them on your community behalf. You can still airdrop them to your or any other wallet address.
  • Create an admin token using the
    Not transferable (Soulbound)
     and
    Remote self-destruct
     options. For more information, check out Delegate admin functions to your community.
  • In addition to the native Ethereum network (mainnet), Status supports the Optimism and Arbitrum layer-2 scaling solutions to mint tokens. These scaling solutions provide faster and cheaper transactions than Ethereum.
  • If you delete your community, you lose the metadata associated with your tokens, including the image and description.
tip
Minting a token is an on-chain transaction. The record of your token persists in the blockchain after you delete the community.

  1. 1
    From the navigation sidebar, click your community.
  2. 2
    At the top of the channel sidebar, click your community logo and then, click
    Tokens
    .
  3. 3
    Click
    Mint token
    .
  4. 4
    Customize your collectible by adding its artwork, name and description. collectible options
  5. 5
    Click
    Preview
     to review your new token description and settings and then click
    Mint
    .
  6. 6
    Review the transaction and fees and click
    Sign transaction
    .
info
You can't change the collectible description or options after minting.

SettingDescription
Token symbolChoose up to four words to identify your token. Tokens minted by the same community can't have the same symbol.
AccountSelect the wallet account you want to use to mint the token and pay the transaction fees.
NetworkChoose 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 supplyTurn on this option to create an unlimited number of tokens. If you choose this option, you can't burn your token after minting.
Total finite supplyThe 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 account it is sent to, and you can't transfer the token to another address.
Remote self-destructWhen you turn on this option, you can destroy the token and make it unusable, even after you transfer it to others.
Updated by
jorge-campo
jorge-campoon Nov 15, 2024
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