xGov-86 proposes Bonfire, a user interface for the ARC-54 ASA burning standard
xGov-86, titled Bonfire, proposes a web application that provides a user interface for the ARC-54 ASA Burning App standard. The app lets users burn Algorand Standard Assets through a verifiable, permissionless process. It is expected to be completed in the first quarter of 2024.
The proposal includes multi-wallet connectivity and open-source code. The project states that the standardized burning address is intended to help data-tracking services accurately monitor circulating supply.
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