Mint and Burn Solana Tokens

Understanding how to increase or decrease your token's supply on Solana.

What is Minting?

Minting creates new tokens and adds them to the total supply. Only the mint authority can perform this action. New tokens can be minted to any wallet address.

What is Burning?

Burning permanently removes tokens from circulation. Any token holder can burn their own tokens. This reduces the total supply.

Use Cases for Minting

• Distributing rewards to users
• Scheduled token releases
• Staking rewards
• Team/advisor vesting

Use Cases for Burning

• Reducing supply for scarcity
• Buyback and burn programs
• Fee burning mechanisms
• Proof of burn protocols

Mint Authority

The mint authority controls who can create new tokens. With MintPanel's Advanced plan, you keep this authority. With Basic plan, it's revoked—no new tokens can ever be minted.