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DaVinciGraph Black Hole V1
0.0.3158042

Active

Burned Assets

577

Burn Attempts

1618

DaVinciGraph black hole (or token burner) smart contract is a type of computer program that operates on the Hedera Hashgraph network and has the capacity to irreversibly remove or (burn) fungible tokens. Once these tokens are transferred into this contract, they can never be recovered or withdrawn. The contract serves as a one-way mechanism, essentially like a black hole that absorbs tokens from circulation without the possibility of them ever coming out.
Source Code ABI Hashscan Github Repository

Features

  • Fungible Token Acceptance: The contract is designed to accept any type of fungible token on the Hedera network. These tokens, once transferred, are held indefinitely within the contract.

  • Irreversible Deposits: The contract is unique in that it offers no withdrawal function. Whether it's the tokens themselves or the fees associated with the burning function, once they are transferred into the contract, they cannot be withdrawn or retrieved. They remain in existence, but are locked away within the contract's address.

  • Burning Function and Fees: The contract operates a burning function that accepts fungible tokens, with each transaction incurring a fixed fee of 3 hbars. These fees are used for the automatic renewal of the contract on the network, ensuring its continued operation. Importantly, these fees, once paid to the contract, cannot be withdrawn.

  • Non-Fungible Token Restriction: Despite being able to receive fungible tokens, the contract cannot accept non-fungible tokens due to issues related to unpredictable fallback fees.

History
No history is available.