This tutorial will teach you how to make sure that a certain xrpledger based token issuer isn't able to create more tokens.
Hello and welcome to this tutorial on how to determine if a token issued on the XRP Ledger is Black-holed.
Option #1 is to view the market index on Sologenic.org.
Option #2 is to use the xumm.community/tokens page
Note:
Black-holed Accounts:
- Cannot freeze trustlines
- Cannot create new tokens
Non-Black-holed Accounts:
- Can freeze trustlines
- Can create new tokens
When it comes to stable currencies ( USD issued by Gatehub for example ), then they usually aren't blackholed.
They should not be blackholed for two reasons:
#1: Regulations might require that certain funds need to be frozen (for example, stolen funds).
#2: When people withdraw their USD, the supply is supposed to shrink, and when people deposit USD the supply is supposed to grow.