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SPELL
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
totalSupply
variable, which tracks the total number of tokens that have been minted and are in existence. It also declares a MAX_SUPPLY
constant which is set to 420 billion, representing the maximum number of SPELL tokens that can ever be minted.The contract includes a
mint
function, 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:
- The
to
address 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
MAX_SUPPLY
.
If these conditions are met, the tokens are minted by increasing the
totalSupply
and the balance of the to
address by the amount
. A Transfer
event is emitted, with the zero address as the sender and the to
address as the recipient, signifying the creation of new tokens.
Last modified 5mo ago