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BEP82

Note: this feature is only available in Testnet after Lagrange Upgrade.

Introduction

Before implementing BEP82, many token-related transactions, such as token listing, minting, burning, can only be proposed by the token owner. The owner of any BEP2/BEP8 token can not be changed once the token is issued on 5DAX Chain.

BEP82 introduced the changes related to the token owner who issued a token on 5DAX Chain. It provides more convenience and flexibility for these transactions.

Status

This BEP is already implemented.

Changes

BEP82 introduce the following changes:

  • Token issuers can renounce their ownership and promote others
  • Allows token holders to burn their tokens

New Transaction Type

TransferOwnership transaction can transfer ownership of a specific token to another address, and only the original owner has the permission to send this transaction.

Commands

Example on mainnet:

./eth-cli token transfer-ownership --from  $current-owner --symbol $symbol --new-owner $new-owner  --chain-id 5DAX-Chain-Tigris   --node  https://dataseed5.defibit.io:443 --trust-node
Example on testnet:

./eth-cli token transfer-ownership --from  $current-owner --symbol $symbol --new-owner $new-owner --chain-id 5DAX-Chain-Nile  --node=data-seed-pre-2-s1.5dax.com:80--trust-node

Fees

0.01 5T will be charged on TransferOwnership transactions.