The mint authority just got permanently revoked. Might take a moment for the change to reflect across different platforms.
What happened here is the SetAuthority instruction locked the mint authority to 'none'—meaning it's gone for good. Once this settles, the implications are pretty clear:
• New tokens can never be created for this one • The supply is capped and immutable
This kind of move signals the token's supply structure is now permanently fixed.
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ChainChef
· 11h ago
ah so they just locked the recipe forever, no more seasoning adjustments... that's when you know the kitchen's finally closed for good. fixed supply hits different when it's actually baked in stone 🔒
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APY追逐者
· 11h ago
Damn, it's really locked now, permanently unable to be issued further. That's pretty harsh.
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ValidatorViking
· 11h ago
setAuthority to null... that's the move. no more mint games, supply locked forever. clean architecture, respect that.
Reply0
DeadTrades_Walking
· 11h ago
Damn, this is the real ironclad promise—permanently locking the minting rights...
The supply is completely fixed and can never be changed again. It feels a bit harsh.
SetAuthority has made the final call; this move is a gamble on reputation.
Never issuing more tokens—now that should give some sense of security... How should I put it?
Finally, there's a project daring to do this, but once major exchanges reflect it synchronously, it will be another story.
The mint authority just got permanently revoked. Might take a moment for the change to reflect across different platforms.
What happened here is the SetAuthority instruction locked the mint authority to 'none'—meaning it's gone for good. Once this settles, the implications are pretty clear:
• New tokens can never be created for this one
• The supply is capped and immutable
This kind of move signals the token's supply structure is now permanently fixed.