To administer your community in Status, you can mint the Owner and TokenMaster tokens. With the Owner token, you have complete control over the community, including transferring your community ownership or minting other tokens.
When you mint the Owner token, you also mint the TokenMaster token in the same process. After minting, you can airdrop the TokenMaster token to other community members and share the community administration workload.
You become the community owner and your computer becomes the community control node when you create a Status Community.
Minting your community Owner and TokenMaster tokens is optional but has significant advantages. With the Owner token, you can:
- Restore your community ownership if you lose access to your computer.
- Transfer your community ownership to someone else.
- Mint and airdrop other community tokens.
- Assign the TokenMaster token and role to someone to help you administer the community.
The Owner and TokenMaster tokens have different functions and properties. Check out these tables to understand the differences between the two tokens.
| Token feature | Owner token | TokenMaster token |
|---|---|---|
| Community ownership | Holder is the owner | Holder is not the owner |
| Transferable | Yes, to change community ownership | Non-transferrable (soulbound) |
| Permissions granted | Owner role with full privileges | TokenMaster role |
| Delegate administrative functions | Holder can designate TokenMasters and Admins | Holders can designate Admins |
| Restore community | Yes | No |
| Replace the community control node | Yes | No |
| Token feature | Owner token | TokenMaster token |
|---|---|---|
| Supply | Only one | Unlimited |
| Token minting | Holder can mint any token | Holders can mint tokens, except the Owner and TokenMaster tokens |
| Airdrop and destroy community tokens | Holder can airdrop and destroy any token | Holders can airdrop and destroy tokens, except the TokenMaster token |
| Token assignment | Automatic airdrop to Owner's Status Wallet | Owner manually airdrops the token to holders |
| Wallet transaction after minting the token | Minting and airdrop transactions | Minting transaction |
