What happens when mint and freeze authority are renounced?
Renouncing authorities is the strongest anti-scam guarantee on Solana. Here is exactly what changes for you and your community.
Mint authority
Renouncing mint authority means nobody - not even the creator - can ever increase the token supply again. The total supply becomes permanently fixed, which rules out hidden inflation.
Freeze authority
Renouncing freeze authority means nobody can block token transfers in any wallet. Your community can always trade or move their holdings without permission from anyone.
Why CoinPlex does it automatically
Many platforms make renouncement optional because keeping authorities gives them leverage over users. CoinPlex revokes both authorities during production on every single coin - it is non-negotiable and verified on-chain.
FAQ
Can authorities be recovered later?
No. Renouncement on Solana is permanent by protocol design.
How can buyers verify it?
Anyone can check the mint account on Solscan: authorities show as null after renouncement.
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