Definition ∞ Token contract logic refers to the programmed rules and functions embedded within a cryptocurrency token’s smart contract. This code dictates how the token behaves, including its issuance, transfer mechanisms, burning capabilities, and any special features like staking or governance rights. It defines the immutable properties and operational parameters of the digital asset on its native blockchain. The integrity and security of this logic are paramount for token functionality.
Context ∞ The robustness of token contract logic is a primary concern for security and trust in the digital asset space. Audits and formal verification processes frequently scrutinize this logic to identify vulnerabilities or unintended behaviors. Any flaws in the contract logic can lead to significant security exploits or economic instability for the token and its holders.
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