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xLayer Token Manager

xLayer Manager is your all-in-one tool for creating ERC20 tokens, transferring to multiple addresses, renouncing ownership, minting, burning and managing smart contracts effortlessly. Streamline your xLayer operations in one place!

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Burn Tokens

Decrease supply of your ERC20 token on xLayer network

Token information

Token address*

searchSelect token addressarrow

    How many tokens you want to burn*

    Service fee: 0.49 OKB

    FAQ

    What is ERC20 token burning?

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    ERC20 token burning is the process of permanently removing tokens from circulation by executing a burn function in the ERC-20 smart contract. CoinFactory allows you to burn ERC20 tokens on xLayer, reducing the total token supply.

    How does the ERC20 token burning process work on CoinFactory?

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    You select your ERC20 token, enter the number of tokens you want to burn, and confirm the transaction in your wallet. Tokens are burned directly from the connected wallet, and the burn operation is executed on-chain on xLayer.

    Which networks are supported for ERC-20 token burning?

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    CoinFactory supports ERC20 token burning across multiple EVM-compatible networks. The active network is determined by your connected wallet and displayed as xLayer during the burn process.

    Do I need to be the token owner to burn ERC20 tokens?

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    No. You do not need to be the token owner to burn ERC20 tokens. The only requirement is that the connected wallet holds the tokens you want to burn and that the token contract supports burning.

    Can I choose a different address to burn tokens from?

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    No. Token burning on CoinFactory is performed only from the connected wallet. There is no option to specify a different source address. You can burn only the tokens held by the wallet that signs the transaction.

    Is there a limit on how many tokens I can burn?

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    The maximum amount you can burn is limited by your token balance and the ERC20 contract logic. CoinFactory respects all burn-related rules defined in the smart contract on xLayer.

    How much does it cost to burn ERC20 tokens?

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    Burning ERC20 tokens requires paying the network transaction fee on xLayer. Any additional service-related fees are clearly displayed in the CoinFactory interface before you confirm the transaction.

    Is this ERC20 burn service suitable for memecoins?

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    Yes. CoinFactory ERC20 token burning is widely used by memecoin projects to reduce circulating supply, execute community burn events, and adjust tokenomics after launch.

    Is ERC-20 token burning safe?

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    Yes. All burn transactions are executed directly on-chain on xLayer through your connected wallet. CoinFactory is non-custodial and never has access to your private keys or funds.

    What are common use cases for ERC20 token burning?

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    Common use cases include supply reduction, deflationary tokenomics, scheduled burns, memecoin burn campaigns, correcting excess supply, and long-term value support strategies.