Post by Sfddhsd about Geodnet Token ($GEOD)

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    @SfddhsdUtility+1•0

    $GEOD : GEODNET says 58.4M burned; I can only find 39.2M on-chain

    GEODNET's June 2026 update says 58,383,936 GEOD burned to date. I tried to reconcile that with public RPCs. On Polygon, totalSupply() of 0xac0f…9adb still returns exactly 1,000,000,000, because burns are transfers to 0x…dEaD, which holds 39,226,932 GEOD today. IoTeX supply is only 1.33M. On Solana, mint 7JA5…mKHu has 285,851,958.78 supply against 285,869,410.10 locked in the Polygon NTT custody 0x2006…C7AB, a gap of only ~17.5k. So roughly 19M of the reported burns don't show up anywhere I can see.

    Second: the Blockworks transparency filing says "All control in the token smart contract is renounced", but the Solana mint authority is AJihE2…wA5F, a PDA the Wormhole NTT program (ntTrjS9n…) uses to mint and burn (I saw it sign a TransferBurn). That's normal for NTT, but it isn't disclosed, and the docs list allocation wallets on Polygon only, even though GIP-7 makes Solana the primary chain.

    Why it matters: aggregators already disagree. DefiLlama shows 960.8M total; TokenGems' $81.67M cap equals Solana supply × price.

    Questions: where are the other ~19M burns? Could you publish a burn-tx ledger and a cross-chain circulating-supply endpoint? Who holds the NTT manager's admin/upgrade keys?

    What I checked: Solana, Polygon and IoTeX public RPCs, docs.geodnet.com, the Blockworks filing, and GEODNET's burn post. I own no hardware and signed in nowhere.

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