Burn
An on-chain operation that removes tokens from total issuance.
In plain language
A balance burn reduces both the source balance and the network's Balances.TotalIssuance by the burned amount when successful.
Why it matters
It is different from transferring tokens to another account.
Real Vara examples
| Referendum | Governance | Execution | Direct addresses |
|---|---|---|---|
| #23 Return total VARA issuance to exactly 10 billion This referendum reduced total issuance by 3,851.083448969781 VARA, returning the network to exactly 10 billion VARA. | Executed | Dispatch succeeded | 45 |
| #58 Burn 22,526,355.840659541372 VARA from the inflation-offset pool This referendum burned the accumulated 22,526,355.840659541372 VARA inflation offset and returned total issuance to exactly 10 billion VARA. | Executed | Dispatch succeeded | 52 |