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Etch Runes with SatsX

Etching initiates the token creation process by specifying attributes such as the token’s name, divisibility, symbol, and other immutable properties. This step marks the beginning of creating a rune.

In this tutorial, you will learn how to etch runes tokens so you can start participating in Bitcoin’s new token economy.

Etch Runes

Step 1: Visit the SatsX and select the “Inscribe” tab in the navigation bar.

Step 2: Click on “Runes” in the nav ba and then click “Connect Wallet”.

Step 3: Fill Your Rune Details

• Rune Ticker: The name of your token.
• Decimals: Divisibility of your tokens. Default is 0, choose between 0 and 38.
• Symbol (optional): The short ticker symbol for your token. If empty, a general symbol ¤ will be used.
• Limit Per Mint: Field contains the amount of runes each mint transaction receives.
• Max Supply: The maximum number of units that can ever be created for a Rune.

After completing the form, click the “Next” button.

Step 4: In the “Etching Preview” section, you need to check if the information matches what you filled in on the form.

“Transaction Fee” section shows you how much it costs for Etching Runes.

You can also set the network fee here. The picture shows “Standard 14 Sat/vB” and “Custom“. Click on “Custom” to set the network fee rate. Then click “Inscribe”

Step 5: Confirm Transaction

Step 6: After confirming the transaction, you will see a message on your screen indicating that the process was completed successfully.

After the commit transaction has passed 6 blocks, the reveal transaction will take place. Etching a Rune may take 60-90 minutes.

The tutorial guides users through the steps of creating a Rune token using SatsX. It starts with filling in the token’s details, such as its name and supply cap, and then proceeds to setting fees.