Crypto Education - Token Minting Explained | Animation | Cryptomatics

In this video, we will explain what token minting is and why it takes place. We will also briefly cover its advantages and disadvantages.

A minted token refers to any legitimate token of a cryptocurrency. In the crypto world, the process of minting is equivalent to the issuance of a fiat currency by a central bank, which thus puts it into circulation in the real world.

Such a token is a legitimate cryptocurrency, the supply of which is not fixed, which allows the owner to be able to mint many other tokens of the same kind whenever they want.

For this, a minting method is included in the token contract, which will later enable the token minting. Similarly, a method of disabling the minting process can also be added in order to stop it irreversibly.

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🔥CryptoRobin 👉    / @cryptorobineng  

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CHAPTERS -

0:00 Intro
0:25 What Is Token Minting?
1:22 Mintable Tokens and Mineable Tokens
2:30 What Is Token Supply?
3:20 Advantages and Disadvantages of Mintable Tokens
4:10 Projects With Mintable Supply
4:41 Conclusions
5:20 Outro

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⛓️ 🔗 Useful Links 🔗⛓️

►  / to-mint-or-not-to-mint  

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#TokenMinting #Animation #Cryptomatics #Blockchain #Crypto #CryptoEducation