How to top-up asset

[turalgo]

Hello. I would like to top-up my custom asset with go sdk. How can I do that?

[turalgo]

@fabrice could you please help me to solve this problem?

[turalgo]

When I create asset I get 1000 units. But I want to increase the units of assets in the future. How can I accomplish that?

[cusma]

@turalgo

When I create asset I get 1000 units. But I want to increase the units of assets in the future. How can I accomplish that?

As specified here in the docs the Total parameter is immutable.

The way you can release more unforeseen ASA into circulation in Algorand is moving the ASA from its ReserveAddress. Once an amount of ASA leaves the ReserveAddress that amount is considered as “circulating”. You can think of the ReserveAddress as a custody of “inactive” ASA, that top-up what could potentially ever exist in circulation.

If you set the Total to the maximum (which is 2^64 -1 I believe) you will virtually have potentially huge quantity of ASA to address future unforeseen increment of circulating supply.

This being said, I see this question/doubt asked so frequently that I thing this information should be added to ASA docs.

[fabrice]

See also the detailed thread:

Stablecoin : How to burn the asset and update the supply

This is to understand ASA functionality - like in case of stable coins. Like with USDT or USDC, whenever the amount in bank reserve updates, during on-ramp and off-ramp. How can the supply be modified on Algorand Blockchain? Manage Address can re-configure the asset circulation? Change it let’s say from 10k to 15k? As the asset Total cannot be changed once an asset is created, how does this minting is done? I mean how to bring in more supply in form of digital USD on blockchain. And how to…