GIWAForgeBurn & Claim
The proposed burn window gives eligible holders a choice after internal trading pauses: burn tokens for a proportional allocation of eligible remaining pool assets, or keep the tokens. Burning is voluntary.
Two choices
| Choice | Intended result |
|---|---|
| Burn eligible tokens | Surrender those tokens to claim an allocation under the final redemption rules |
| Keep tokens | Retain the tokens and independently seek external use or liquidity |
The production design intends burned tokens to be permanently removed from the holder's possession and supply through the specified burn mechanism. That mechanism, token permissions and accounting are not implemented in this demo. A user who burns cannot also retain and sell those same tokens.
A proportional example
For illustration, let be the assets available for redemption, the eligible supply basis, and the eligible tokens a holder burns:
| Example input | Amount |
|---|---|
| Eligible remaining assets | 10 ETH |
| Eligible supply basis | 1,000,000 tokens |
| Tokens burned by the holder | 100,000 tokens |
| Illustrative share | 10% |
| Illustrative allocation | 1 ETH |
This is the project brief's simplified example, not a deployed quote or an entitlement. It omits fees, rounding and other rules that have not been finalized. The supply basis must be greater than zero, and claims cannot allocate more than the eligible remaining assets.
Accounting that must be defined
Before live claims, the contract specification must establish:
- Which pool assets are redeemable and which obligations or costs are excluded.
- Which holders and tokens are eligible, including pool-held tokens and any snapshot basis.
- Whether allocations use a fixed snapshot or updated remaining balances, without double claims.
- How partial burns, prior claims, fees, rounding and transfer failures are handled.
- The claim period, expiry rules and treatment of unclaimed assets.
These decisions affect the amount a holder can receive. The demo does not silently choose an economic policy for them.
Remaining assets are not principal
A token's purchase cost and market cap are separate from assets actually available in its pool. Remaining assets may be very small or zero. Proportional allocation does not guarantee repayment, a minimum redemption price or any profit.
Choosing to keep tokens does not reserve a permanent future claim unless the final rules explicitly provide one. It also does not guarantee an external pool or a future buyer.