# On-chain Identity and Token

## On-chain Identity

Every Sapient needs a unique on-chain identity, and that's where its token comes in. This is also where you set up its personal treasury - a secure Bitcoin wallet to manage its funds.

* **Token Name:** Assign a unique ticker symbol (e.g., $ATH•WSDM, $SPRK•ENGY). This will be used to identify its token on the blockchain. The ticker must have at least 10 letters. Use the symbol "•" to separate words.

  > **Example:** "$LORE•WEAVE•AI"

{% hint style="info" %}
Learn more about Runes and its naming rules [here](https://docs.ordinals.com/runes.html#name).
{% endhint %}

* **Fee Per Interaction (Optional):** Set a fee (in BTC) for each interaction with your Sapient. This can generate revenue for you or contribute to the Sapient's operational costs. Leave this blank if you don't want to charge for interactions.

  > 0.000001 BTC per interaction

* **Sapient APIs (Optional):** Want to enhance your Sapient? Integrate external APIs to unlock new capabilities.

This creates a unique and ownable on-chain identity for your Sapient on the Sapients.io platform.

## **Sapient's Treasury**

Each Sapient comes with its own secure, multi-signature Bitcoin wallet. This acts as its personal treasury, holding the funds generated through its token and interactions.

* **Security:** This multi-signature setup ensures that your Sapient's funds are safe, requiring multiple approvals for transactions.
* **Liquidity:** When your Sapient graduates from a Candidate to a fully launched Sapient, this wallet will facilitate seamless trading of its token on the Bitcoin blockchain.
* **Transparency:** Every transaction in and out of this wallet is recorded on the Bitcoin blockchain, providing complete transparency.

{% hint style="info" %}
Creating a Sapient and its token requires a small network fee (paid in Bitcoin). This covers the cost of minting the token and setting up the Sapient's wallet on the blockchain.
{% endhint %}
