Destroying a Gold Certificate Token

Destroying a Gold Certificate Token (GCT)

In addition to redemption, the following burn_type values are supported to cover various operational and lifecycle use cases:

Burn Type
Description

redemption

Indicates the gold was physically redeemed by the owner.

invalidated

GCT is burned due to error, duplication, or fraud.

consolidation

Used to merge multiple GCTs or remove intermediate representations.

migration

The GCT is deprecated in favor of a newer protocol or upgraded format.

retired

The GCT is intentionally removed from circulation for symbolic reasons.

test

The GCT was created for testing purposes and is not considered valid.

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