Runes — Membership Tokens
Each institution etches a Rune that represents membership on Bitcoin L1.
Configuration
Rune: ACME•MEMBER
Divisibility: 0 (whole units only — member or not)
Symbol: 🏛
Premine: 1 (admin gets the first unit)
Terms: cap=1000, amount=1 (admin mints and distributes)
Operations
| Action | How | Who |
|---|---|---|
| Check membership | Query Rune balance ≥ 1 | Anyone |
| Add member | Send 1 unit to member's Bitcoin address | Admin |
| Remove member | Burn via edict, or member sends back | Admin or member |
| View membership | Any Rune-aware wallet | Member |
No Custom Software Needed
Membership is a standard Rune balance check — any Rune indexer, any Rune-aware wallet (Xverse, Unisat), or a self-hosted ord can verify it. No BINST-specific tooling required for basic membership queries.
Future: Governance Tokens
A separate Rune (e.g., ACME•VOTE) with divisibility could represent weighted voting power. Governance becomes a token distribution problem — not a staking competition.