Cryptionary

Minting Baton

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1. | SLP

A special token used to create (mint) more of a token. When an SLP token is created, it can optionally also create a Minting Baton for that token. Whichever wallet has control of the minting baton is able to create new tokens at will. If a token doesn't create - or burns - it's minting baton then no new instances of that SLP token can be created.

* All terms and definitions will change as the Cryptionary improves

Related Terms...

slp