Glossary
What is Minting?
Minting creates new tokens and adds them to the total supply; only an address with mint permission on the contract can do it.
When a token is minted, the contract increases an account's balance and raises total supply. A token is 'mintable' only if its contract includes a mint function gated to an authorized role (usually the owner).
Mintability is a trade-off: it lets a project expand supply for rewards or liquidity, but holders may see it as inflation risk. Many projects renounce ownership after launch so no further minting is possible.
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Related terms
- Total supplyTotal supply is the number of tokens that currently exist for a contract — every minted token minus every burned token.
- Token burningBurning permanently removes tokens from circulation by sending them to an address no one controls, lowering total supply for good.
- Renounce ownershipRenouncing ownership permanently gives up the owner's admin rights over a token contract, so no one can mint, change tax, or pause it again.