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Mint

Mint

March 18, 2018 0

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Meaning of Mint

To mint a coin/token simply means the developer can create units of token without need for mining.

Developer could also create additional units of the token and add it to increase the current Maximum supply.

For example if a token is launched with maximum supply of 20Million units. It should never increase beyond that except when it is minted and then the maximum supply is increased to like 25Million.

Beware of token that gives the developer unchecked power to Mint new tokens any time without it been pre-defined in their project whitepaper and how they plan to safe guard flooding the market and cause sudden price crash after releasing the minted coins/tokens.

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