Deploy a new rune token (ETCH)
Etching: Creating and Customizing Runes Tokens
Overview
Etching is the process by which new Runes tokens are created and their properties defined. This feature allows users to deploy their customized tokens on the Bitcoin network, setting immutable parameters such as name, divisibility, symbol, premine, and minting terms.
Key Properties
Name
Consists of 1 to 26 letters (A-Z).
Names can include spacers (represented as bullets) for readability (e.g., UNCOMMON•GOODS).
Unique names cannot have the same sequence of letters, even with different spacers.
Divisibility
Defines how finely a rune can be divided.
Expressed as the number of digits allowed after the decimal point (e.g., divisibility 2 allows for 100 sub-units).
Symbol
A single Unicode code point representing the rune (e.g., $, ⧉, or 🧿).
If no symbol is set, the generic currency sign ¤ (scarab) is used.
Premine
Optional allocation of runes to the etcher at the time of creation.
Minting Terms
Open Mint: Allows anyone to mint new units of the rune under specified conditions.
Cap: Maximum number of times a rune can be minted.
Amount: Fixed amount of new units created per mint transaction.
Start Height/Offset: Block height from which minting is allowed.
End Height/Offset: Block height after which minting is prohibited.
Conclusion
Etching on the RunesLand platform offers a robust and efficient way to create customized tokens on the Bitcoin network. By setting immutable properties and clear minting terms, users can ensure the responsible and scalable management of their digital assets. For a deeper understanding of the technical details and potential applications of the Runes protocol, refer to the official documentation and discussions by the creators.
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