🔥Velar Verified Burner Address
The Velar Verified Burner Address is a specially designated address with no owners, used by the Velar protocol for secure and fair token listing processes, as well as verifiable token burning.
STX Burn Address
Purpose
This burner address serves multiple important functions in the Velar ecosystem:
Fair Token Listing: It is the official destination for sending LP (Liquidity Provider) tokens during the fair token listing process on Velar.
Verifiable Token Burning: It can be used to burn any tokens in a verifiable way, providing transparency and confidence in token reduction processes.
By using a verified burner address, we ensure that:
No individual or entity has control over the sent tokens
The listing process remains transparent and fair for all participants
LP tokens are effectively "burned" hence the liquidity couldn't be withdrawn.
Any token burning events can be easily verified and audited by the community
Usage
When participating in a token listing on Velar, you may be instructed to send your LP tokens to this address. Additionally, for any verifiable token burning events, this address may be used as the destination. Always verify that you are using the correct address before sending any tokens.
Verification
Our team has thoroughly verified that this address has no associated owners or private keys. This ensures that once tokens are sent to this address, they cannot be retrieved or used by any party.
Important Notes
Always double-check the address before sending any tokens
This address is to be used exclusively for Velar's official token listing processes and verifiable token burning events
Do not send any other types of tokens or assets to this address unless explicitly instructed by the Velar team
For any questions or concerns regarding the use of this burner address, please contact the Velar support team.
Last updated