NGL Token Becomes Deflationary After Minting Role Renouncement
NGL Token Becomes Deflationary After Minting Role Renouncement
🔒 NGL Says No More
By Gold Fever
Aug 7, 2025, 2:15 PM
Photo by Gold Fever
The NGL token has undergone a significant protocol change, with the minting role officially renounced to a null address (0x000000...). This technical update brings two major implications:
- No Further Token Minting: The supply cap is now permanently fixed
- Deflationary Mechanism: Token supply can only decrease over time
The change has been verified on Etherscan, marking a transition to a deflationary tokenomics model. This follows a broader trend of tokens implementing scarcity mechanisms, as seen with the recent MOR token developments.
Good News For $NGL Holders The minting role has been officially RENOUNCED in favor of 0x000000... etherscan.io/tx/0x84c1cd28c… No more minting No more inflation $NGL is now 100% deflationary Supply locked. Game on.
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