RE: Introducing Steem-Engine.com (smart contracts and token creation on Steem)

[farizal]

I have a Question on ENG Token:

Looks like only ENG token can be purchased. I saw the issuer is @null.

Is STEEM burned for every ENG bought?

Comments

[aggroed]

You have this a little backwards. When tokens are created we sent the ENG to @null. Essentially ENG is burned every time you make a token. The steem goes to the @steemsc account.

[farizal]

Thank you for the clarification. 😉

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