Transparent and fixed supply is a key aspect of token trust and community confidence. Here’s how to verify what exists by reading the blockchain directly.
Key Takeaways
- ERC-20 tokens declare fixed supply in their code, which can be checked on-chain.
- Token supply is accessible via both explorers and smart contract functions.
Step-by-Step Verification
- Find the contract address (Etherscan, project docs).
- Go to the contract’s page on Etherscan. Click the Contract tab.
- Use the "Read Contract" tab and the
totalSupplyfunction to view supply. - Check for minting or burning functions in source code.
- Compare displayed figures to official documentation and third party explorers.
Important Distinctions
- The "totalSupply" function outputs units in the smallest denomination (e.g., "wei" for ETH-based tokens).
- Decimals convert raw results (e.g., 18 decimals = divide by 1018).
Why Does Supply Verification Matter?
Knowing supply can’t secretly increase is fundamental to trustless systems. It underpins Tsuka’s advocacy for verification and education.
About Tsuka
Tsuka is a decentralised knowledge movement that prioritises transparent, verifiable, and understandable infrastructure as the core of digital sovereignty. Own Your Digital Life.
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