Modify Token Permissions

After creating a token on Sui, you will have three key permissions:

Minting Rights (Token Issuance) – Allows increasing token supply.
Metadata Update Rights – Enables modifying token name, logo, etc.
Token Burning Rights – Destroys tokens permanently.
Permission Discard Function – Irreversibly renounces control over token modifications and operations.

Why Discard Permissions?

Some CEX wallets flag tokens with active minting/burning capabilities as potential "honeypot scams"—even if liquidity exists, exchanges may still issue risk warnings. Most platforms evaluate tokens based on:

Contract code audits
Liquidity conditions
Active permissions

Burning Tokens

Open the management console: CPBOX Token Manager
Connect your wallet (you should be familiar with this step).
Select your token address (auto-detected from your wallet).
Enter the amount to burn → Confirm → Sign the transaction.
Refresh your wallet after ~1 minute to see the updated balance.

Minting New Tokens

Enter the desired amount (e.g., 100M tokens) → Confirm.
Verify minting/destruction by checking your wallet balance before/after.

Note: Minted tokens are sent to your wallet address. For airdrops, use Sui’s batch-send tool:

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Strategic Implications

Minting (Inflation):
- Funds ecosystem growth by increasing liquidity.
- Example: Tether (USDT) minting signals incoming capital, often bullish.
Burning (Deflation):
- Enhances scarcity; builds long-term holder confidence.
- Example: BNB’s quarterly burns create positive price expectations.

⚠️ Both actions can be bullish or bearish—context matters!

Updating Token Metadata

Self-explanatory: Modify token details (name/logo).
Changes take effect in ~10 minutes (faster on SuiWallet vs. Suiet).

Permission Discard (Critical!)

One-click irreversible action—proceed with caution!
Keep permissions if:
- Your project has real utility and long-term plans.
- CEX listings for Sui tokens are still lenient on permissions.
Discard permissions if:
- Building a meme community (prevents bad actors from exploiting minting rights).