How to burn a fungible token

Intro

This page describes how to burn a Fungible Token on TRAIT Blockchain.

Prerequisites

Before you proceed, ensure you satisfy the following prerequisites:

  1. Create an owner address (see: Jumpstart: setup root addresses)

  2. Ensure you have enough TRAIT tokens (see: Jumpstart: obtain TRAIT tokens)

  3. Ensure you have already created an AppAgent (see: How to create AppAgent)

  4. Ensure the AppAgent already has an admin added (see: How to add & delete AppAgent Admin)

  5. Ensure the FT is created and you own some amount of it (see : How to create a fungible token)

How to burn a fungible token

Why are we using a clearing transaction to transfer a FT?

FTs can only be created by an AppAgent. An AppAgent address is a keyless address and it can only be used through Clearing Transactions

TODO add steps as with How to transfer fungible tokens page

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