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You cant not accept any incoming transactions.

Jay-🔹 Автор вопроса
Fabian (Zyroxa) [TMS]
You cant not accept any incoming transactions.

Oh. So anyway to burn that token and free my Ada?

Jay 🔹
Oh. So anyway to burn that token and free my Ada?

It cannot block any ADA that was previously in your account. It can only lock the ADA that came with it.

Jay 🔹
Oh. So anyway to burn that token and free my Ada?

You can send it away to a trash account, to $burnit, to a random address, to the zero address, but that will require a minimal amount of ADA to go with it (but you also received at least the same amount together with the token) and cost transaction fees.

Jay 🔹
Oh. So anyway to burn that token and free my Ada?

Good question, each token is accompanied by some ADA as collateral. There are tons of useless tokens out there, so if you want to get rid of one to get the collateral of the token, I am not sure there is a way outside of trying to sell the token with the collateral. If nobody is interested in the token, it will be hard to gain access to that collateral. Maybe I am missing something hmm

Jay-🔹 Автор вопроса
HeptaSean
You can send it away to a trash account, to $burni...

So it's safe to keep it in my wallet. Thanks for explaining 🙏

Chris [STR8]
Good question, each token is accompanied by some A...

Haven't tried it, but it could/should be possible to send some trash tokens with it when you deposit into a centralised exchange like Binance. They should credit the whole ADA amount to your account there and the tokens are then their problem. There have been a couple of users who accidentally sent tokens with a deposit and never got them back, because Binance & Co. just have no processes to manage that. This would be the use case for the benefit of the user for that negligence.

HeptaSean
Haven't tried it, but it could/should be possible ...

Aren't the DEX-es use the Byron address format for these kind of reasons?

Dmitry Stashenko
you can send tokens to byron address too

Are you sure? As I thought that there is no any Value interpretation (only Coin ) for any UtxO that has Byron address. But tbh, I have not checked the codes for years now.

Pal Dorogi
Are you sure? As I thought that there is no any Va...

Example Byron address with a wild collection of tokens: https://cardanoscan.io/address/Ae2tdPwUPEYwNguM7TB3dMnZMfZxn1pjGHyGdjaF4mFqZF9L3bj6cdhiH8t Could well be an exchange … or a scammer.

Pal Dorogi
Are you sure? As I thought that there is no any Va...

yeah, it's definitely possible as well as sending tokens from byron address

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