diff --git a/_sql/migrations_squashed/beta_keys.sql b/_sql/migrations_squashed/beta_keys.sql
new file mode 100644
index 0000000000..8555088671
--- /dev/null
+++ b/_sql/migrations_squashed/beta_keys.sql
@@ -0,0 +1,58 @@
+-- noinspection SqlDialectInspectionForFile
+-- noinspection SqlNoDataSourceInspectionForFile
+-- noinspection SqlResolveForFile
+
+CREATE TABLE beta_keys (
+  -- Not used for anything except replication.
+  id BIGINT(20) NOT NULL AUTO_INCREMENT,
+
+  -- ========== PRIMARY, FOREIGN KEYS, and POLYMORPHISM ==========
+
+  -- Effective "primary key" of the beta key.
+  token VARCHAR(32) NOT NULL,
+
+  -- ========== KEY INFO ==========
+
+  -- Name of the product the key applies to
+  product VARCHAR(32) NOT NULL,
+
+  -- The actual key value that the user inputs
+  -- Crockford-encoded.
+  key_value VARCHAR(32) NOT NULL,
+
+  -- ========== REFERRER USER ==========
+
+  -- The user that offers the beta key to other users.
+  -- We can show a dashboard of unredeemed tokens for these users.
+  maybe_referrer_user_token VARCHAR(32) DEFAULT NULL,
+
+  -- ========== REDEEMER USER ==========
+
+  -- The user that redeems the beta key.
+  -- If set, the key has been redeemed.
+  maybe_redeemer_user_token VARCHAR(32) DEFAULT NULL,
+
+  -- The user that redeems the beta key.
+  -- Based on a cookie sent by the frontend.
+  maybe_redeemer_anonymous_visitor_token VARCHAR(32) DEFAULT NULL,
+
+  -- The user that redeems the beta key.
+  -- Wide enough for IPv4/6
+  maybe_redeemer_ip_address VARCHAR(40) DEFAULT NULL,
+
+  -- ========== TIMESTAMPS ==========
+
+  created_at TIMESTAMP NOT NULL DEFAULT CURRENT_TIMESTAMP,
+  maybe_redeemed_at TIMESTAMP NULL,
+
+  -- INDICES --
+  PRIMARY KEY (id),
+  UNIQUE KEY (token),
+  UNIQUE KEY (key_value),
+
+  KEY index_maybe_referrer_user_token (maybe_referrer_user_token),
+  KEY index_maybe_redeemer_user_token (maybe_redeemer_user_token),
+  KEY index_created_at (created_at),
+  KEY index_maybe_redeemed_at (maybe_redeemed_at)
+
+) ENGINE=InnoDB DEFAULT CHARSET=utf8mb4 COLLATE=utf8mb4_bin;