CoinFactory
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  • Getting started
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  • Tools
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      • Token Generator
      • Mint Tokens
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      • Token Multisender
    • For Solana Network
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      • Freeze Accounts
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    • For TON Network
      • Jetton Generator
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      • Mint Tokens
      • Mint Tokens
      • Mint Tokens
      • Jetton Multisender
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    • Token Generator
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  • Resources
    • Official Links
    • FAQs
      • What is CoinFactory?
      • What is an ERC-20 Token?
      • How can I generate my own ERC20 token step by step?
      • How much does it cost to create ERC20 tokens?
      • Why create an ERC20 token?
      • What is a Fixed Supply Token?
      • What are Mintable and Burnable Tokens?
      • Who possesses the authority to Mint or Burn my tokens?
    • Privacy Policy
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  1. Resources
  2. FAQs

Who possesses the authority to Mint or Burn my tokens?

The ability to mint tokens hinges on the token's access type. In Transferable Ownership tokens, the owner holds this privilege, while in Role-Based tokens, it's users with the 'MINTER' role who can mint new tokens. However, it's important to note that minting can only occur until the Supply Cap is reached, and this cap is unlimited in the case of Unlimited Tokens. As for burning tokens, anyone holding them has the ability to do so.

Last updated 1 year ago