6 May, 2019
MintPosted on : by : BlockGlossary
Meaning of Mint
For example if a token is launched with maximum supply of 20Million units. It should never increase beyond that except when it is minted and then the maximum supply is increased to like 25Million.
Beware of token that gives the developer unchecked power to Mint new tokens any time without it been pre-defined in their project whitepaper and how they plan to safe guard flooding the market and cause sudden price crash after releasing the minted coins/tokens.« Back to Dictionary Index