🟧BRC-20

BRC-20 tokens are a type of token standard built on the Bitcoin blockchain, that leverages Bitcoin's Ordinals protocol.

• After selecting BRC-20s as your prefered reward type, you have two ways to proceed:

  • Deploy

  • Delegate

Deploy

This option allows you to create BRC-20 Tokens that did not previously exist.

• Specify the total supply for your new BRC-20s, choose a name, and set the daily token emission per staked Ordinal.

• Before finalizing your project submission, ensure that all the details are accurate and set up according to your preferences, then click "Finish".

• After you click the "Finish" button, your collection will be submitted for review. Once your submission is approved by our admins, you can proceed with setting up the staking pool.

• You'll know that your submission has been approved when the "Setup Reward" button appears. Click the button to set up your Collection Wallet.

• Stakit will provide you with a new wallet and a Seed Phrase. This wallet will be used for everything when it comes to your collection management, and we have no control over it, so make sure to import this wallet into your prefered wallet provider (Xverse, Unisat, ME, etc).

• After you click "I Saved It", there is no way for us get this back for you. As we are fully non-custodial, we don't take any responsibility for this wallet.

• After saving the Seed Phrase and importing the wallet into your prefered wallet adapter, you'll be prompted to send an amount of BTC to the Deployment Wallet. This amount covers the deployment and transaction costs. After sending the BTC and inputting the transaction ID, you will have to wait for MARA Pool to mine a block so the transaction can be broadcasted, as we are using MARA Pool's Slipstream service to completely avoid snipers. This can take up to 24 hours. Afterwards, the newly deployed tokens will be transfered automatically to your Collection Wallet (the one that you imported into your wallet adapter).

• When the BRC-20s appear in your Collection Wallet, you're good to go! Your community can come in and start staking their Ordinals and start collecting the BRC-20s you just deployed. Congratulations!

Delegate

This method lets you allocate BRC-20 Tokens that are already deployed on the blockchain and available in your wallet. Your holders can then claim their staking rewards from this pool of tokens.

• Select the Delegate option and click "Next".

• Before finalizing your project submission, ensure that all the details are accurate and set up according to your preferences, then click "Finish".

• After you click the "Finish" button, your collection will be submitted for review. Once your submission is approved by our admins, you can proceed with setting up the staking pool.

• You'll know that your submission has been approved when the "Setup Reward" button appears. Click the button to set up your Collection Wallet.

• Stakit will provide you with a new wallet and a Seed Phrase. This wallet will be used for everything when it comes to your collection management, and we have no control over it, so make sure to import this wallet into your prefered wallet provider (Xverse, Unisat, ME, etc).

• After you click "I Saved It", there is no way for us get this back for you. As we are fully non-custodial, we don't take any responsibility for this wallet.

• After saving the Seed Phrase and importing the wallet into your prefered wallet adapter, you'll be prompted to select which BRC-20s you wish to Delegate to your Staking Pool and to set up the Daily Emission rate. As an example here, your holders would be receiving 200 ohms token every 24 hours per staked Ordinal.

After clicking the "Delegate" button and confirming both transactions (one for the transfer and one for inscribing the BRC20s), you are basically done. You will need to wait for the transaction to confirm on the Blockchain and once that's done, your holders can start staking their Ordinals and start earning your delegated BRC-20s.

Congratulations!

You’ve successfully set up your staking pool! We hope your community enjoys using Stakit and the ever-expanding range of features we’re developing. Our team is working tirelessly to ensure your experience is as seamless and intuitive as possible.