Token Burn and Deflationary Mechanism Contract

[Mkalbani]

Location: contracts/token_burn
Labels: smart-contract, soroban, good first issue
Estimated Time: 5 hours
Difficulty: Medium

Description

Implement token burning mechanisms for deflationary economics including transaction burns, voluntary burns, and special event burns.

Tasks

• Design burn tracking data structure
• Implement voluntary burn function
• Add transaction fee burn (percentage)
• Create event-triggered burns
• Implement burn history tracking
• Add total supply reduction logic
• Create burn statistics endpoints
• Write burn mechanism tests
• Add burn rate adjustment
• Implement burn proof verification

Acceptance Criteria

• Tokens burned correctly
• Total supply decreases
• Burn history tracked
• Transaction fees burn automatically
• Statistics accurate
• Contract deployed to testnet

[drips-wave]

This issue has been added to the Stellar Wave Program and is worth 150 Points.

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[Richiey1]

@Richiey1 has applied to work on this issue as part of the Stellar Wave Program's 2nd wave.

I'm interested in working on this Issue. I can implement the voluntary and automated burn logic as described, ensuring the total supply reflects the reductions accurately in real-time. I’ll include a robust tracking system for burn statistics and ensure the contract meets all acceptance criteria, including testnet deployment verification. Looking forward to contributing to Quest-Contract!

ℹ️ Repo Maintainers: To accept this application, review their application or assign @Richiey1 to this issue.

[drips-wave]

Congratulations, @Richiey1! 🎉 Your application was accepted by the repo's maintainers, and the issue is due on February 26, 2026.

🧑‍💻 @Richiey1: Please resolve the issue such that the repo's maintainers have enough time to review your contribution before the due date. You'll earn Points for completing the issue on-time, which will make you eligible for a share of the Stellar Wave Program's reward pool.

Warning

When opening a PR, please link it to this issue to ensure it gets tracked accurately. Points are issued when this issue is marked as completed by the maintainer.

🤠 Repo maintainers: Please keep an eye on the contributor's progress and review their work before the due date. You can manage this issue, including adjusting its complexity and points, here.

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[Richiey1]

Hi @Mkalbani
The PR "Implement token burn and deflationary mechanism#112" for this issue has been merged successfully. However, the points have not yet been allocated as the issue is still open.
Kindly assist in closing it. Thank you.