Fundly Docs
  • 1️⃣START HERE
    • 1️⃣Project Overview
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    • 4️⃣Trusted by
    • 5️⃣Reviews & Testimonials
    • 6️⃣FAQs
  • 2️⃣ESCROW BASED CROWDFUNDING PLATFORM
    • 1️⃣Token Pre-Sale
    • 2️⃣NFT Pre-Sale
    • 3️⃣Physical Products Sale
    • 4️⃣NFT Launchpad
  • 3️⃣NFT MARKETPLACE
    • 1️⃣Project Overview
  • 4️⃣WEB 3.0 TOOLS
    • 1️⃣Basic Tools
      • 1️⃣Revoke Freeze Authority
      • 2️⃣Revoke Update Authority
      • 3️⃣Revoke Mint Authority
      • 4️⃣Metadata Update
      • 5️⃣Snapshot Tools
      • 6️⃣Burn NFTs/Tokens
    • 2️⃣Normal Tools
      • 1️⃣SPL Token Creator
      • 2️⃣Mass Airdrop
      • 3️⃣Claim Site Creator
      • 4️⃣Liquidity Adder/Remover
      • 5️⃣Solana Wrapper
    • 3️⃣Premium Tools
      • 1️⃣Liquidity Pool Creator
      • 2️⃣Vesting Creator
      • 3️⃣Staking Creator
      • 4️⃣Auction Creator
      • 5️⃣Raffle Creator
      • 6️⃣Token Trading Interface
    • 4️⃣Bonus Tools
      • 1️⃣OpenBook Market Creator
      • 2️⃣Art & Metadata Generator
      • 3️⃣Send NFT Message
  • 5️⃣REWARDS
    • 1️⃣FUNDLY BADGES
    • 2️⃣TASK TO EARN
    • 3️⃣INVITE TO EARN
    • 4️⃣FEES STRUCTURES
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  • Why Use the Burn Tool?
  • 1. Reduce Token Supply & Control Inflation
  • 2. Enhance NFT Collection Rarity & Value
  • 3. Remove Unwanted or Spam Assets
  • 4. Execute Token Buyback & Burn Programs
  • 5. Strengthen Governance & DeFi Protocols
  • What Happens When You Burn a Token or NFT?
  • How to Use the Fundly Burn Tool
  • Step 1: Connect Your Wallet
  • Step 2: Select the Burn Tool
  • Step 3: Select the Asset to Burn
  • Step 4: Confirm & Execute the Burn
  • Step 5: Approve the Transaction
  • Step 6: Verify the Burn on the Blockchain
  • Important Considerations Before Burning Assets
  • Use Cases for the Burn Tool
  1. WEB 3.0 TOOLS
  2. Basic Tools

Burn NFTs/Tokens

Permanently Destroy SPL Tokens & NFTs on Solana

The Fundly Burn Tool is a powerful Web3 utility that allows users to permanently remove SPL tokens or NFTs from circulation on the Solana blockchain. Burning assets means sending them to an irretrievable address, effectively reducing the total supply and ensuring they can never be accessed or used again.

This tool is essential for token projects looking to manage supply deflation, NFT collections implementing scarcity mechanics, or users who want to destroy unwanted or unnecessary assets. With on-chain execution and full transparency, Fundly’s Burn Tool provides an irreversible and decentralized way to remove tokens and NFTs permanently.

Why Use the Burn Tool?

1. Reduce Token Supply & Control Inflation

  • Burning SPL tokens removes them from circulation, ensuring better price stability.

  • Helps projects implement deflationary mechanics to increase token scarcity and value.

2. Enhance NFT Collection Rarity & Value

  • Burn duplicate, unwanted, or damaged NFTs to increase scarcity and rarity.

  • Projects can incentivize burning by rewarding users with exclusive new NFTs or benefits.

3. Remove Unwanted or Spam Assets

  • If you received unwanted airdrops, scam tokens, or spam NFTs, you can burn them permanently.

  • Clears up wallet clutter and protects against malicious assets.

4. Execute Token Buyback & Burn Programs

  • Projects can buy back tokens from the market and burn them, reducing total supply.

  • Strengthens long-term tokenomics and community confidence.

5. Strengthen Governance & DeFi Protocols

  • Some DeFi protocols use burning mechanisms to balance reward systems.

  • Governance tokens can be burned as part of decision-making mechanics.

What Happens When You Burn a Token or NFT?

🔥 Tokens/NFTs are sent to a burn address (an unrecoverable wallet). 🔥 The burned asset is permanently removed from circulation. 🔥 Token supply decreases (for SPL tokens), impacting tokenomics. 🔥 NFT collections lose the burned NFT forever, increasing scarcity.

How to Use the Fundly Burn Tool

Step 1: Connect Your Wallet

  • Click "Connect Wallet" and select a Solana-compatible wallet (e.g., Phantom, Solflare).

Step 2: Select the Burn Tool

  • Choose between: ✅ Burn SPL Tokens (for reducing token supply). ✅ Burn NFTs (for destroying NFTs permanently).

Step 3: Select the Asset to Burn

  • Enter the token or NFT mint address.

  • Specify the amount of SPL tokens to burn (if applicable).

Step 4: Confirm & Execute the Burn

  • Review the details carefully before proceeding.

  • Click "Burn" to send the asset to a burn address.

Step 5: Approve the Transaction

  • Your Solana wallet will prompt you to approve the transaction.

  • Confirm the burn, and the asset will be permanently destroyed.

Step 6: Verify the Burn on the Blockchain

  • After execution, check your token or NFT status on:

    • Solana explorers (e.g., Solscan, Explorer Solana).

    • Wallet balances (for SPL tokens).

    • NFT ownership records (burned NFTs will no longer exist).

Important Considerations Before Burning Assets

🔹 This action is irreversible—burned tokens/NFTs cannot be recovered. 🔹 Ensure you are burning the correct asset before confirming. 🔹 Some tokens use smart contract-based burn mechanics, so verify project details before burning project-specific assets.

Use Cases for the Burn Tool

🔹 Deflationary Tokenomics

  • Projects use buyback and burn strategies to reduce token supply.

  • Helps maintain long-term price stability.

🔹 NFT Scarcity & Collection Rarity

  • Burning NFTs increases rarity, making remaining assets more valuable.

  • Some collections implement burn-to-redeem mechanics for upgrading NFTs.

🔹 Spam Token & Unwanted NFT Removal

  • Received scam airdrops or spam NFTs? Burn them to remove them permanently.

🔹 Governance & DeFi Protocols

  • Some DAO governance systems burn tokens as part of voting mechanisms.

  • Staking rewards and DeFi projects use burns to balance ecosystems.

Fundly’s Burn Tool is a powerful Web3 utility that ensures permanent token and NFT removal for supply reduction, scarcity, and unwanted asset cleanup. Whether you're managing a deflationary token economy, securing an NFT collection, or protecting your wallet from spam, this tool provides a fast, cost-effective, and fully transparent way to burn assets on Solana.

With instant execution, minimal fees, and full on-chain verification, Fundly makes it easy to remove assets from circulation—permanently. 🚀

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