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How does Burn Redeem 'burn' tokens?
How does Burn Redeem 'burn' tokens?
Updated over 4 months ago

Burn-Redeems on Manifold contracts utilize a “true” burn, meaning that the burned tokens will be destroyed on the blockchain and effectively cease to exist instead of simply being sent to the BurnAddress. The total on-chain supply for the burnable token will decrease with every burn.

Some non-Manifold contracts, however, don't have a burn() function. For these contracts, the tokens will be sent to the 0xdead address, and will still exist without reducing the collection supply. You'll know if this is the case for a token if it says "Limited Burn Support" after you input the contract address.

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