For the most part, Cardano native tokens can only be burned by the administrator of the token's minting policy. The only exception are those advanced minting policies that have built-in burn mechanisms that do not require the signature of admins.

In many cases also - such as those of time-locked minting policies whose minting period already lapsed - burning is even no longer possible at all.

So, since we do not control the minting policies of the tokens, what we do in this service is we receive and hold your unwanted tokens indefinitely.

The only fee we charge is our service fee, which is only 1/5th of the minimum ADA that is required by the Cardano network protocol to be attached to the subject tokens. The rest (4/5th) is sent back to you in the same transaction.

The other cost involved is just the regular network transaction fee that applies to any transaction.

We have the following discounts available:

• Delegator discount

  A discount of 20% on our base service fee is enjoyed by our delegators in every transaction.

  Note that an account needs to have a minimum balance of 10 ADA to be considered a delegator.

• Referral discount

  An additional 10% discount on our base service fee is applicable on your first transaction, if you were referred here by an existing user.

The very first time you connect your wallet to this service, we check the page URL for a referrer parameter. If there is a referrer, they get credited as your referrer and you enjoy a referral discount in your first transaction as mentioned above.

And if there's no referrer, then no other user will be credited as your referrer going forward. In turn, no referral discount will also be applicable.

Succeeding referrals by other users don't override the first one.

PHRCK delegators get 50% of the service fee in every transaction made by users they referred.

Non-delegators are still incentevized, with 20% of the service fee in every transaction made by users they referred.

Note that an account needs to have a minimum balance of 10 ADA to be considered a delegator.

You only need to have accumulated at least 2 ADA in referral commissions and you can already withdraw it.

No. They just stay in your account indefinitely, as long as the service is up and running.

Just let us know and we'll send it back to you asap. Contact us at any of the following channels: Telegram, Twitter (X), or Facebook