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Minting and Burning Tokens

This article explains how to mint and burn tokens within an Asset. It specifies the procedures an issuer would use to mint new tokens into circulation or burn tokens to remove them from circulation.

In This Article

  • About Minting and Burning Tokens
  • How to Mint a Token in an Asset
  • How to Burn Tokens in an Asset
  • Minting and Burning Tokens - Video Demo

About Minting and Burning Tokens

Minting a token is the next step after creating an Asset on the Polymath Capital Platform. A Token is one unit representing ownership in the asset. As the issuer, you can create as many tokens as you would like by minting tokens. Tokens must be minted before you can sell them to investors using an Offering or distribute them via a Token Distribution. 

Burning tokens is the process of removing tokens from circulation. You can only burn tokens that are currently sitting in your Asset's Treasury wallet and not currently assigned to an Offering or to an Issuer-Custodied Owner. You cannot burn tokens that are owned by any investor. 

While minting and burning tokens have very few technical limitations, you should have a firm understanding of how these actions will affect your Asset's tokenomics, liquidity and investor expectations. 

How to Mint Tokens

  1. Login to your issuer account and enter your Marketplace.
  2. From the Marketplace dashboard, click Companies and enter your Company dashboard. 
  3. From the Company dashboard, click Assets and click on the asset you wish to mint tokens into.
  4. Click the Mint Tokens button on the right side of the screen, then enter the amount of tokens you wish to mint. Then hit click Mint tokens at the bottom-left of the screen to confirm and click Confirm on the pop-up window. 

How to Burn Tokens

  1. Login to your issuer account and enter your Marketplace.
  2. From the Marketplace dashboard, click Companies and enter your Company dashboard. 
  3. From the Company dashboard, click Assets and click on the asset you wish to burn tokens from.
  4. Click the Burn Tokens button on the right side of the screen and enter the amount of tokens you wish to burn, then click Burn tokens and click Confirm on the pop-up window.

Note: Tokens can only be burned if they are in the issuers wallet AND not currently owned by an "issuer-custodied owner" AND are not currently for sale in an offering. 

Minting and Burning Tokens - Video Demo

This video provides a walktrhough of the process of minting and burning tokens within an asset: