2 credits per API call
Burn fungible tokens. Burning fungible tokens deletes the specified supply of the tokens (the amount parameter in the request body) from the smart contract (the contractAddress parameter in the request body).
This API is supported for the following blockchains:
- Algorand
- BNB Smart Chain
- Celo
- Ethereum
- Harmony
- Klaytn
- KuCoin Community Chain
- Polygon
- XinFin
- Flare
- Cronos
- Base
Signing a transaction
When burning fungible tokens, you are charged a fee for the transaction, and you must sign the transaction with the private key of the blockchain address from which the fee will be deducted.
Providing the private key in the API is not a secure way of signing transactions, because the private key can be stolen or exposed. Your private keys should never leave your security perimeter. You should use the private keys only for testing a solution you are building on the testnet of a blockchain.
For signing transactions on the mainnet, we strongly recommend that you use the Tatum Key Management System (KMS) and provide the signature ID instead of the private key in the API. Alternatively, you can use the Tatum JavaScript client.