While Foundation doesn't provide a direct interface to adjust token supply for an Edition, creators can interact directly with the smart contract on Etherscan or Basescan to make changes. This guide applies to Limited Editions, as Timed Editions cannot be adjusted until their time runs out.
Why Adjust Token Supply?
Creators may want to adjust token supply to respond to market demand, increase scarcity, or correct initial setup errors.
How to Reduce or Close the Token Supply for a Limited Edition
- Navigate to your Edition contract on Etherscan or Basescan.
- Go to the Write Contract as Proxy tab.
- Click Connect to Web3 and sign in with the wallet address that created the Edition contract.
- Locate Field 21: updateMaxTokenId.
- Update the number and click Write:
- To close the Edition, set the number equal to the currently minted number of tokens.
- To reduce supply while keeping the Edition open, set a number higher than the currently minted amount.
- Approve the transaction.
Note: If the new maxTokenId matches the current latestTokenID, all Editions have been minted. This closes the Edition and prevents further minting.
Important Considerations
- Double-check all interactions, as you are making changes directly at the contract level.
- Foundation cannot revert any changes made through this process.
- For Timed Editions, wait until the sale period has ended before making any adjustments.