Burn Redeem App
Manifold Burn-Redeem Apps allow you to create a minting page for collectors to mint a new ERC-1155 token by burning an existing ERC-1155 token from any of your Manifold contracts.
The Burn-Redeem App is completely free and available to use at no cost to the creator.
The current framework for Burn-Redeem Apps requires creators to configure a redeem token and a burnable token.
- The Burnable token must be an already minted ERC-1155 on the creator’s Manifold contract
- The Redeem token is created during configuration of the Burn-Redeem app, and can be on any of the creator’s existing ERC-1155 contracts
Burn-Redeems enable the burning of any amount of the burnable token for one redeem token. However, collectors can mint as many redeem tokens in one transaction as they’re able to. So if the redemption is 5-to-1, and a collector owns 15 burnable tokens, they can mint up to 3 redeem tokens in one transaction.
Creators can select a start and end-date for the redemption (or choose to leave it open forever), and can also choose whether or not to cap the supply of the redeemed token.
Manifold Burn-Redeems utilize a “true” burn, which means that the burned tokens will be destroyed on the blockchain and effectively cease to exist - as opposed to simply being sent to the BurnAddress. The total on-chain supply for the burnable token will decrease with every burn.
- Enabling burns and redemptions of multiple tokens at once (e.g. burn 3 separate 1155 tokens to redeem one new one)
- ERC-721 support for both burnable and redeem tokens