Bitcoin Network

In the vote tokens section click on + new assets to add asset

1. Bitcoin Layer 2 Network

A network is the underlying chain where your organization operates. You can choose network where the token is available.

Space Creation Page - Vote Tokens Section

1.1 Supported Networks

• Merlin

• BRC20

• Ordinal Collection

• Runes

2. Token Details

To set up your participant's voting power, you'll need to give some details about the token used in your governance activity. Here's what you need:

• Network (Token Type): This describes what kind of token you'll organization will use depending on the network. Bitcoin Ecosystem: 1. Merlin Chain: Contract 2. BRC20: Ticker 3. Ordinals: Collection name 4. Runes: Ticker

• Asset Ticker or Collection: This is the section where you put the ticker or collection

  • Ticker: This is the 4-byte or 5-byte

  • Collection: This is the collection name. In a case where the name consists of multiple words, add a dash - as a space. For example, for the collection name, Bitcoin Puppets needs to be written as bitcoin-puppets.

  • Contract Address: This is an asset contract address.

• Token Details: After you add the asset details, the system will automatically find the token's symbol the number of decimals it uses, and other details.

In the example below, you can see the ticker which is VRTEX which is also the symbol of a BRC20 token. It has a decimal value of 18. It also shows the other details such as max number, inscription block, BTC address, and transaction ID.

3. Threshold and Voting Weight

This section explains who can vote and how much their vote counts.

• Threshold: This is the minimum number of tokens you need in your wallet to be able to vote.

• Voting Weight: This is a multiplier that determines how much each token is worth when voting. You multiply your token balance by this number to get your total voting power.

In below's example, the threshold is set to 1 meaning you need at least 1 VRTEX token in your wallet to vote. You can also see that the voting weight is set to 1, then each VRTEX token is worth one vote. So if you have VRTEX tokens, you'd have 10 voting power.

Once everything is set, hit next to proceed to the next process.