CLNY Burn Address

Community Bugs and issues
1

Hey Devs,

Just a quick question re CLNY burn address. Would you mind posting a link to the address so we can confirm where the burned CLNY is being stored? This would ease some concerns that are being shared in the discord.

Thank you!

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2

@eugenefinch @father

3

Hey!

Short answer: it is 0x0000000000000000000000000000000000000000

Strange to hear about burning address – burning is actually deleting tokens from blockchain. There is no burning address – tokens are burned :slight_smile:

But ok, let’s check it with me.

  1. First we take GameManager address: 0x0D112a449D23961d03E906572D8ce861C441D6c3, go to its explorer page
  2. Then we find there any buildSomething transaction: the last one now is this one - it is buildRobotAssembly
  3. You can see tokens transfers there:

    So token transfer to 0x0 address is a burn actually.

You can see standard _burn function implementation here: openzeppelin-contracts/ERC20.sol at master · OpenZeppelin/openzeppelin-contracts · GitHub

P.S. are there any projects that “burn” to an address? Sounds very funny and seems like scam (unless the address is something like 0x000000000000000000000000000000000000dead that is widely used)

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4

@MataiusIM

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5

If this were the case there would not be a 0 balance of CLNY for the 0x0000000000000000000000000000000000000000 address which there is.

6

Using “burn” as a term for sending tokens to an unrecoverable address like address(0) etc. is very common. It’s better than a delete or balance removal that just removes tokens from circulation because the tokens are frozen forever and still impact the total supply so there is a scarcity increase (in the case where there is a cap).

These guys aren’t sending any tokens to address(0). So where do they go? Are they just removed? People just want clarity on how this works.

7

True, actually we don’t send it there and delete tokens, there is just an event with 0x0 – just openzeppelin std burn. Tokens are burned, 0x0 just because you constantly ask for an address. I said the same in my previous message

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