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Burn, Add Token, Fix Supply, Change Authority

Burn Token

  • Go on to the 'BURN' tab.
  • As you can see, the total supply of the token is 1,000,000,000.
  • Click 'Verification Wallet.' to verify your wallet.
  • Click 'Approve' on the pop-up window.
  • This process does not charge any transaction fee.
  • Select the token which you want to burn from the drop-down menu.
  • Type the amount of the token that you want to burn.
  • Click the 'Burn' button.
  • Click 'Approve' on the pop-up window.
  • As you can see on the above page, the token amount decreased to 999,999,990.

Add Token

  • Go on to 'ADD TOKEN' tab.
  • Select the token which you want to add supply from the drop-down menu.
  • Type the amount of the token that you want to add supply.
  • Click the 'Mint' button.
  • As you can see on the above the page, the token amount increased to 1,000,000,000.

Fix Supply

  • Go on to the 'FIXED SUPPLY' tab.
  • 'Fixed Supply' function is giving up the management rights for tokens. It is used for fixing the token supply so adding the token should be done before fixing the token supply.
  • If you want the change the authority of this minted token, you need to change it before fixing the supply.

Change Authority

  • Go on the 'CHANGE MINT AUTHORITY' tab.
  • Enter the wallet address you want to transfer to by changing permissions.
  • Typy twice and click ' Change Mint Authority.'
  • After this step, you cannot add or fix the supply of the token.
  • Only burning is available.