Your Pod, Your Token

1. A Pod That Mints

Your pod has a webledger (Part 5). It accepts deposits (Part 3). State is anchored to Bitcoin (Part 6). The next step is obvious: your pod can issue its own token.

Start JSS with a token name and enable multi-chain:

jss start --pay --pay-cost 1 --pay-token PODS --pay-rate 10 --pay-chains "tbtc3,tbtc4"

--pay-token PODS names the token. --pay-rate 10 sets the exchange rate: 10 sats buys 1 PODS token. The first time, the pod mints the token genesis on Bitcoin — a real on-chain transaction that anchors the token's existence.

2. Buy a Token

You have sats in your balance from earlier. Convert them to tokens:

curl -X POST http://localhost:4443/pay/.buy \
  -H "Authorization: Nostr $NIP98_TOKEN" \
  -H "Content-Type: application/json" \
  -d '{"amount": 5, "currency": "tbtc4"}'

{
  "bought": 5,
  "ticker": "PODS",
  "cost": 50,
  "rate": 10,
  "balance": 416537,
  "unit": "tbtc4"
}

Five PODS tokens. Cost 50 tbtc4 sats (5 × 10 sat rate). The response includes a Bitcoin transaction ID and a full MRC20 state proof — the token transfer is anchored to Bitcoin via blocktrails.

3. Withdraw as MRC20

Tokens on the pod are useful, but they're pod-local. To make them portable — transferable to other pods, verifiable by anyone — withdraw them as an MRC20 proof:

curl -X POST http://localhost:4443/pay/.withdraw \
  -H "Authorization: Nostr $NIP98_TOKEN" \
  -H "Content-Type: application/json" \
  -d '{"all": true}'

{
  "withdrawn": 5,
  "token": "PODS",
  "state": {
    "to": "did:nostr:5e7617...45af",
    "amount": 5,
    "ticker": "PODS"
  },
  "prevState": { ... },
  "anchor": {
    "pubkey": "...",
    "stateStrings": ["..."]
  }
}

That response is a portable token. The state and prevState form a blocktrail chain. The anchor ties it to Bitcoin. Anyone can verify this proof without trusting your pod.

4. The Token Lifecycle

The MRC20 proof is the bridge. It carries tokens between pods. Deposit it on another pod and the tokens are credited there — verified via the blocktrail anchor, not via trust.