Fixed Supply + Ownership Renounced
Transactions for Setting Difficulty to Maximum and Renouncing Ownership
These transactions serve as critical proof for the actions taken on the smart contract, specifically setting the contract's difficulty to the maximum value and renouncing ownership by setting the owner to the zero address.
Transaction for Setting Difficulty to Maximum: https://etherscan.io/tx/0x5d09fcb7694f80449c25b600bd4a48b16589d4b027db947781125cb0e1a5c6f4
Function Called: setDifficulty(uint256 _amount)
Method ID: 0x602512e1
Parameter (_amount): ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
This transaction establishes that the difficulty for minting new tokens has been set to the highest possible limit.
Transaction for Renouncing Ownership: https://etherscan.io/tx/0xdd5d3b01dbaaa81e24ea6d9c0eedb351a21949dae5555f83c619a06d71da5c7c
Function Called: setNewOwner(address _newOwner)
Method ID: 0xf5a1f5b4
Parameter (_newOwner): 0000000000000000000000000000000000000000
Setting the owner to the zero address means that no one can perform administrative actions such as updating the contract's difficulty or any other parameters protected by the ownership role.
Implications and Conclusion
These transactions serve as immutable records on the blockchain confirming that:
Minting Capped: Chad tokens have a fixed supply, with no further minting allowed due to the extreme difficulty level, ensuring stable economic conditions within the ecosystem.
Ownership Renounced: To guarantee its unalterable supply cap, ownership of the Chad contract has been renounced. The contract is effectively ownerless, preventing any future changes to its critical parameters.
As a result, the supply of $CHAD is capped, and no further administrative modifications can be made to the contract. This setup enhances the trust and security for participants in the ecosystem by ensuring that the rules cannot be changed.
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