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  • WOJAK - PEPE - CHAD
    • Introduction
      • Token Overview
    • Wojak.farm (WOJAK)
    • Pepe (PEPE)
      • Understanding the Pepe Smart Contract
      • How are Pepe minted? Staking and Rewards System Staking:
      • Tax Mechanism and Oracle Integration
      • Contract Governance
      • Inflation: Long-Term Sustainability
      • The PEPE getReward Function: A Key Mechanism
    • Chad (CHAD)
      • Tokenomics
      • burnChadforEth
      • Fixed Supply + Ownership Renounced
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  1. WOJAK - PEPE - CHAD
  2. Chad (CHAD)

Fixed Supply + Ownership Renounced

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Last updated 1 year ago

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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:

  • 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:

  • 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.

https://etherscan.io/tx/0x5d09fcb7694f80449c25b600bd4a48b16589d4b027db947781125cb0e1a5c6f4
https://etherscan.io/tx/0xdd5d3b01dbaaa81e24ea6d9c0eedb351a21949dae5555f83c619a06d71da5c7c