Direct FT issuance

Direct issuance is the ft operation. It creates the whole supply of a token in one commit and reveal pair, and places all of it in output zero of the reveal transaction.

The reference command

yarn cli mint-ft <tick> <supply> <file>

Common options from the generated inventory: --bitworkc, --bitworkr, --initialowner, --parent, --parentowner, --funding, --satsbyte, --rbf, --disablechalk. See the CLI reference.

What the supply figure means

Because one unit is one satoshi, the supply argument is also the satoshi value that output zero must carry. A direct mint of 100 000 000 units requires a 100 000 000 satoshi output, which is one bitcoin.

Supply	Satoshis needed in output zero
21 000	21 000
1 000 000	1 000 000
100 000 000	100 000 000, one bitcoin
2 100 000 000	2 100 000 000, twenty one bitcoin

That constraint is the whole point. A direct supply cannot be conjured. It is bitcoin you actually committed.

What it is not

Direct issuance is a colouring model. It does not create:

• collateral;
• a redemption right;
• a price floor;
• a peg to anything.

Do not describe it in those terms, and do not accept a product that does.

Ticker rules

The pinned validator accepts direct FT tickers matching lowercase [a-z0-9]{1,21}. That is a source-revision fact. Validate against the exact active target rather than hardcoding it. See tickers and candidates.

After the mint

Output zero holds the whole supply as one coloured lot. Before distributing anything, decide the lot structure you want and model each split. A single large lot is easy to burn when the first transfer gets its change output size wrong. See allocation and split and combine.

Universe status

Not exposed. Universe products offer decentralised deploy and mint flows, not direct mint-ft issuance. See status and known limitations.