How to revoke authorities in Solana: Quick Guide

Revoking the authorities will allow you to increase confidence among investors, in fact nobody buys a token without revoked authorities. In addition, without the freeze authority revoked, it is not possible to list on most exchanges.

To begin with, Token Authorities are control permissions over an SPL token ( Solana token standard). These authorities allow us to control and manage our tokens.

It should be noted that no one buys a token without revoked authorities, as there is a high probability that it is a scam. Here we explain how to revoke these types of authorities to give more transparency and credibility to your tokens.

How to revoke the Mint Authority

The mint authority facilitates the creation of more tokens. Removing this authority ensures that no more tokens can be generated, preventing the token from being inflated.

For this, we will use the Revoke Mint Authoritytool, and we will see the following panel:

Steps to follow:

1. Connect your wallet to be able to use the tool.
2. Select your wallet token (you must use the wallet that created the token, i.e. the authority wallet ).
3. Click on "Revoke Mint".
4. Confirm the transaction (0.1 SOL).

Important: You must do this process with the wallet that has the authority of your token.

Once completed, it will no longer be possible to create more supply of this token, which is positive for investors in our project.

How to revoke the Freeze Authority

The Freeze Authority entails the risk of centralization, control of users' wallets, makes listing on exchanges difficult (as it represents a risk for liquidity and users) and possible abuse of power to manipulate the market, which could lead to rugs or honeypots.

In order to revoke the Freeze Authority:

You can use the Revoke Freeze Authority to renounce this authority.

Steps to follow:

1. Connect your wallet to be able to use the tool.
2. Select your wallet token (you must use the wallet that created the token, i.e. the authority wallet ).
3. Click on "Revoke Freeze".
4. Confirm the transaction (0.1 SOL).

Important: You must do this process with the wallet that has the authority of your token.

How to revoke the Update Authority (Mutability)

The update authority generates a lack of transparency since the metadata of the token can be modified once it has been created (such as symbol, image and description).

Revoking this authority indicates that the token is "Immutable", which adds a layer of security and stability.

In order to revoke the Update Authority:

Use the tool Make Token Immutable to renounce this authority. We do the same steps as before:

Steps to follow:

1. Connect your wallet to be able to use the tool.
2. Select your wallet token (you must use the wallet that created the token, i.e. the authority wallet ).
3. Click on "Make Token Immutable".
4. Confirm the transaction (0.1 SOL).

Important: You must do this process with the wallet that has the authority of your token.

Conclusion

As a final conclusion, you will not only make your project more secure, transparent and reliable. For 0.3 SOL you can ensure that investors can rest assured that your token will not suffer any future changes or manipulations.