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Abracadabra's Governance Token
The Spell token contract is an ERC20 token contract that inherits from the BoringOwnable contract, making it owned by a specific address (the "owner") that has exclusive permission to perform certain operations.
The contract declares the following constants for the ERC20 token:
symbol: The token's symbol is "SPELL".
name: The token's name is "Spell Token".
decimals: The token has 18 decimal.
The contract maintains a
totalSupplyvariable, which tracks the total number of tokens that have been minted and are in existence. It also declares a
MAX_SUPPLYconstant which is set to 420 billion, representing the maximum number of SPELL tokens that can ever be minted.
The contract includes a
mintfunction, which allows the contract owner to create new tokens. This function takes two parameters:
to: The address to which the new tokens will be minted.
amount: The number of tokens to be minted.
The function has a couple of requirements that must be met:
toaddress must not be the zero address, ensuring that tokens are not minted to an address that can't use them.
- The total supply of tokens after minting must not exceed the
If these conditions are met, the tokens are minted by increasing the
totalSupplyand the balance of the
toaddress by the
Transferevent is emitted, with the zero address as the sender and the
toaddress as the recipient, signifying the creation of new tokens.