Tokens
How to burn your tokens
Last updated
How to burn your tokens
Last updated
If you want to burn just a specific amount of your tokens, for example, a % of your token supply, we suggest sending this amount to another wallet, and burning there. In future, we will have an easier method to perform this.
There are 2 transactions. The first is the burn that reclaims the rent in SOL. The second is a Jupiter swap of that SOL for your token of choice. Occasionally, the Jupiter swap can fail, but you would have received the SOL in your wallet. Go to the transaction on Solscan and look at the Account Inputs tab. This will show a positive change in SOL from the burn.
The SOL you reclaim from burning is achieved by closing the account that stores that token. This amount is the same regardless of whether the account holds 1 or 100,000 tokens.
Also, if you try to send 1 token at a time to a new account, this would be futile, as you'd need to pay to instantiate new token accounts, negating any profit you'd make.
A frozen token cannot be transferred or burned. We indicate a frozen token so there is no confusion when you are unable to select it for burning.
Our dev has posted about this issue on Solana's Github in hopes that they make a change, but as of now we are stuck with these frozen tokens.
See Connecting Your Wallet to get connected.
Before continuing, BE 100% CERTAIN that these are the tokens you wish to burn. YOU CAN NOT REVERSE A BURN!
MAKE SURE THESE ARE THE TOKENS YOU WANT TO BURN AT THIS STEP! YOU CAN NOT REVERSE BURNS!
If everything went well, you will see a screen like above confirming your burn.
