Burn Tokens

Process Overview

1. Create a Multi-Signature Proposal:(Skip this step if you have already created Proposal for Redeem Transaction) Create Multi Sig Proposal

   • First, call the Create Multi-Signature Proposal API to generate a proposal record.
   • Set the type as "Burn" and provide the following details:
     • id (the multi sig contract id which is the owner of the token)
     • data (the multi sig contract address)
     • amount (the number of tokens to burn)
     • assetContractId (the contract ID of the asset to be minted)

2. Use the Proposal Reference:

   • Save the _id from the created proposal record.
   • Pass this _id as referenceId when calling the Burn Tokens API to send the request.

3. Sign and Send the Transaction:

   • Use the transaction data rawTransaction from the Burn API response.
   • Sign the transaction using your private keys or wallet.
   • Broadcast the signed transaction to the network for execution.