How to burn a fungible token

Intro

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

Before you proceed, ensure you satisfy the following prerequisites:

Create an owner address (see: How to set up owner / admin addresses on TRAIT)
Ensure you have enough TRAIT tokens (see: How to obtain TRAIT tokens)
Ensure you have already created an AppAgent (see: How to create AppAgent)
Ensure the AppAgent already has an admin added (see: How to add & delete AppAgent Admin)
Ensure the FT is created and you own some amount of it (see : How to create 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

Last updated 4 months ago