BUNs as Native Assets on Cardano
The Cardano blockchain ecosystem recently launched a new feature, the Multi-Asset Support Feature, enabling developers to create native and custom tokens on Cardano. Native tokens are similar to ERC20 tokens on Ethereum but differ because Cardano’s native tokens functionality is built directly into the Cardano blockchain rather than based on a separate set of rules defined in a smart contract.
NeoWorlder is taking advantage of this new feature by launching its token, BUN, on Cardano. Moreover, users of the Daedalus wallet can store and transfer the tokens directly from their wallets. This is a significant advancement in the Cardano ecosystem. It opens the door for developing more creative projects, such as creating custom tokens with various use cases and behaviors.
Cardano native tokens also provide a feature called a minting or token policy. This policy allows developers to establish constraints when generating a new token. A minting policy is a script pushed to the Cardano blockchain and consists of a set of rules or conditions used to regulate the minting of assets or tokens.
NeoWorlder will utilize this feature to set up restrictions on the minting of BUNs to guarantee a limited supply at any given time. The minting policy incorporates a time-locking element that will not permit the creation of additional BUNs, thereby establishing a fixed supply or cap on the number of BUNs created and available at any given time.
For more information, consult this FAQ.
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For the crypto-savvy, here’s our BUN minting details.
The BUNs were minted in block: 5598205 of the Cardano Blockchain.
Transaction ID: 3f6d4d75e497bb61b64bbbe68ccdc67aff5802f01c26e63c774494adead52cb4
Minting address: addr1vylf0n2p86hcvdwtq3aug2phczllw6as0h0sz9kzvf02wucg4dkj3
Policy ID: 371a73cf95f223953911c3439e77f6cfde6874ecc6d3b9953f6085a2
Asset ID: asset1wgallfzmkapmr435luysm27mfm2t423tnrv70q
Asset Name: 42554e
For audit purposes, Loot NFT’s BUNs are found at these addresses:
(1)addr1q9c3vtmkyktuwm522hdjcua705kwz08uhsgu7l5k4dxz6hj7z3vh9qnlzg38mk2nfddfvn6pvyaq484kzyvr0key23rs37jfl6 for 301,000,000 BUNs.
(2)addr1q9hfjz279t8s0vqy7eazsf6sshdncppqt87yvljj6a37c9z7z3vh9qnlzg38mk2nfddfvn6pvyaq484kzyvr0key23rsmxac4w for 100,000,000 BUNs.
(3)addr1q89jn7fwt5sdfzmk5856keshfe44mclz045darwd3j6ua3j7z3vh9qnlzg38mk2nfddfvn6pvyaq484kzyvr0key23rs2p2nse for 99,000,000 BUNs.
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