Token been sent to 0x0000000000000000000000000000000000000000

[timmmers]

It was probably sent by a smart contract to the burning address.   But, I thought that it is not possible to send it from the wallet you don´t have a private key, I thought that you can burn only tokens that are in your wallet from which you have a private key.

[1715091285]

1715091285

[1715091285]

1715091285

[takana212]

The steps you have to do is check your wallet, you can ask family, friends, girlfriends who have used your wallet, if they never open your wallet, you better empty your wallet by sending a token in the old wallet to a new wallet, to anticipate it will never happen again.

[NeuroticFish]

If I remember correctly, GOLD team did said something about there must be an upkeep fee for GOLD holders but why keeping GOLD on an exchange don't invoke this fee tho? So how the exchange would pay for our GOLD upkeep?

I'd say that it's probably some sort of bonus to attract exchanges into listing GOLD. And this would mean that GOLD team would pay the storage fess for the involved GOLD from their pockets / revenues.

[Mr.Eddies]

I'd say that it's probably some sort of bonus to attract exchanges into listing GOLD. And this would mean that GOLD team would pay the storage fess for the involved GOLD from their pockets / revenues.

So that's how it is. But from the exchange's viewpoint, they receive nothing other than GOLD holders keep their balance on exchange for free of fees. This also leads to the exchange become an attractive target for hacking since hackers know there are a bunch of GOLD balances stay there.

[sorrros]

It is a burning token address, we think that nobody generates a private key from the address because it is highly unlikely, but only imagine what would happen if you were the lucky one. 

[chanc3r]

It is a burning token address, we think that nobody generates a private key from the address because it is highly unlikely, but only imagine what would happen if you were the lucky one. 

This problem has already fixed and the gold has been making it automatically sent to the burning address. It's similar to a tax that has already applied to the holders too.
I think we can't discuss it again anymore.

[DarkDays]

That's the Ethereum burn address.

It's essentially an address which nobody has the private keys to, and is used to burn tokens or ethereum, reducing the circulating supply.

Some ERC20 smart contracts have a function that will automatically burn tokens at fixed period, potentially forcing holders to perform a mainnet swap when the option is available.

It also stops testnet tokens being traded when the new mainnet coin is out. Overall, whatever was sent isn't coming back out.