Custom Minting and Burning Logic

Overview

The CoinDeck token contract incorporates advanced minting and burning mechanisms that directly impact governance. Burning tokens automatically updates voting power, preserving the integrity of the governance process.

Key Highlights

• Minting Flexibility: The contract can accommodate special minting scenarios (e.g., reward pools), always adhering to the capped supply of 100 billion tokens.

• Burning Impact: When DECK tokens are burned, the governance system dynamically reduces voting power, maintaining proportional representation.

• Automation: Both processes are seamlessly integrated into the contract, minimizing manual oversight.

Benefits

• Empowers the community to manage token supply through burning mechanisms.

• Supports governance integrity by automatically recalibrating metrics during supply changes.

• Provides transparency through immutable on-chain records of minting and burning activities.

Future Enhancements

• Introducing programmable burning events, such as scheduled token burns for deflationary purposes.

• Allowing users to track governance adjustments post-burning via a detailed dashboard.