Hi all, Quick question about the Algorand features. Can we build a new token or stable coin on Algorand with the capability to centrally retire the tokens after they’ve been transacted? We still need to maintain all the info public but need to prevent a token from exchanging hands after it’s been …

Hi, @al012 , welcome to Algorand Forum! You can use the clawback feature of the ASA. If it is NOT nulled out, then you can “take back” any time the token from the owner. Of course, you need to monitor your coins with a separate process, and after the first transaction you can “reach out” with your c…

If you make some logic in your application to check that user balance consists only from transactions from some originating address, this might be doable… Other transactions can be taking back with the clawback feature…

Thanks @Maugli . The solution needs to be scalable! The owner should have the option to retire the token e.g. through an exchange and once it is retired it should be prevented from transacting again.

If you want any token holder to have the option to retire token forever, you can create a “sink” account that is a (stateless) contract account that only allows to opt-in once to the ASA, and then does not allow further transaction. This essentially allows burning of the token easily. But this opt…

I would post on the #jobs channel of Discord: Algorand

Hi Fabrice, I’ve posted on the jobs channel as you suggested but didn’t have any credible responses. My start up has chosen Algorand because of its carbon negativity. Given that our solution focuses on making the food supply chains carbon neutral, this is a perfect fit! However, it seems a bit mor…

Token retiring post transaction

al012 August 12, 2021, 5:13am 6

Hi Fabrice,

Thanks for your response. Do you know good developers in Australia or the US who can help me develop a stable coin PoC on Algorand?

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Token retiring post transaction

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