Issue your own governance token
Once your Layer 2 is up and running, it's common to issue a governance token that can be used for raising funds for future projects and for governing your project's activities as a DAO.
The total amount of tokens in circulation can be set to a simple fixed amount or fluctuate based on any programmed ruleset.
Write the governance token issuance smart contract
Extending the OpenZeppelin ERC-20 contract, we create a governance token (BIT) for your Layer 2 on Bitcoin.
Clone the smart contract examples
We've prepared a few different examples for you to get started.
Compile the contracts
To compile your contracts, use the built-in hardhat compile
task.
Deploy the contracts
Review config file hardhat.config.ts
. The network configs should look like this.
Run the deploy scripts using hardhat-deploy
.
Make sure the accounts in hardhat.config.ts have some TC in your Layer 2 that are bridged from Bitcoin Virtual Machine Layer 1.
Interact with the contracts
Once the contracts are deployed, you can interact with them. We've prepared a few hardhat tasks
to make it easy for you to interact with the contracts.
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