Cryptocurrency Q&A
What does it mean if a token is frozen?
What does it mean if a token is frozen?
Raffaele
Sun Dec 08 2024
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7 answers
867
I'm wondering about the concept of a token being frozen. What does this status imply and what are its consequences in the crypto world?
7 answers
Martina
Mon Dec 09 2024
The freeze authority holds the power to lock or restrict tokens.
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DongdaemunTrendsetterStyleIcon
Mon Dec 09 2024
Frozen tokens are digital assets that have been subjected to certain limitations.
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Sara
Mon Dec 09 2024
When tokens are frozen, they become unavailable for use in transactions.
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SsamziegangSerenade
Mon Dec 09 2024
These limitations prevent the tokens from being transferred or traded freely.
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henry_rose_scientist
Mon Dec 09 2024
The enforcement of these restrictions is achieved through a specific mechanism.
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