🖼️Setup a NFT Collective

Step 1: Add Basic Info

1. Station Name - Give your Station a unique name

2. Station Token Ticket - Give your Station a unique ticker

3. Select Token Type - Non Transferable ERC20 for Collective

4. Once these are set, click 'Next'

The name & token symbol of your Station is publicly visible on-chain & can’t be changed after it is created. This can be your brand name or something your community identifies with.

Step 2: Set Deposit Rules for new members

1. Set the artwork (generate a random or upload your own)

2. Set the transferability of the NFTs (transferable or non-transferable)

3. Set price per NFT - this is the price at which members will mint to join the Station

4. Limit the total supply (deposit closes as soon as supply is exhausted) or keep it unlimited (stops minting at deposit closing)

5. Set last date to join collective

6. Once these are set, click 'Next'

Step 3: Configure Treasury

1. You can choose between setting up a new multi-sig (SAFE) or connecting an existing multi-sig (SAFE) with your Station to manage treasury.

1. If you're connecting an existing SAFE multi-sig, the signers of that SAFE multi-sig will be the signers of this Station.

1. If you're creating a new SAFE multi-sig, add wallets and that will sign & approve the final transaction (The wallet used to create the Station will be a signer by default)

Step 4: Set Governance Rules

1. Choose between Community Governance and Admins Only governance models depending on how you want to manage your station (Admins Only by default)

   1. If set to Admins Only, only the members added as signers will be able to create and execute actions. Members will only be able to see action history and participate in Survey Proposals only.

   2. If set to Community Governance - Set Quorum (0% - 100%) & Threshold (51% - 100%)

      1. Quorum - Minimum % of votes needed to consider any proposal valid.

      2. Threshold - Minimum % of votes needed out of all votes casted to pass a proposal.

      3. For every action proposal to become valid and executable, members of the Station will have to vote on the proposal and meet the minimum quorum & threshold requirements.

A higher Quorum & Threshold increases the security & trust-less nature of your Station.

That's it, click on 'Finish', approve a transaction & your Station is ready and you'll be redirected to the dashboard!