Token rules
Every token page has a Rules and permissions section. It lists, in plain words, what the token's issuer can and can't do with it. Issuers see exactly the same list on their own overview, so there are no surprises on either side.
The list is read from the token itself on the public record, not from anything the issuer typed. If a power was switched off at launch, or nobody holds it, the page says so.
What the list covers
| Rule | What you might see |
|---|---|
| Who can hold it | Approved investors only: only wallets the issuer approves can hold or receive it. Or Open to anyone: anyone can hold, send or receive it. |
| Supply | Fixed supply: no more can ever be created. Or Supply can grow: the issuer can create new tokens, up to the max supply or without a maximum. |
| Burning | Whether tokens can be destroyed, which reduces the supply. Or No burning. |
| Taking tokens back | Tokens can be taken back: the issuer can move tokens out of a holder's wallet, for example after lost access or a legal order. Or Nobody can take your tokens. |
| Pausing | Transfers can be paused: the issuer can stop all transfers at once, for example in an emergency. Or Transfers cannot be paused. |
| Lock-up dates (approved-investors tokens) | The issuer can set a date for each holder before which they can receive tokens but not send them. |
| Removal from the whitelist (approved-investors tokens) | The issuer can remove a holder from the approved list. They keep their tokens but can't send or receive them until approved again. |
Open tokens also show a line under their name: Open-market utility token. Not an investment offering.
Why it matters
The controls an issuer keeps are permanent: they're chosen at launch and can't be added or removed later. So the list on the page is the full picture, for as long as the token exists.
For investors, it's a quick way to see how much control the issuer has. A token that can't be paused or taken back gives the issuer less power over your holding; a token that can be has those powers for good reasons in regulated offerings, such as handling lost access or a legal order. Read the issuer's description for why they kept each one.
For issuers, it's a reason to keep only the controls you need. See Every setting explained.
More detail
Under the rules, Token details shows the token's network, initial supply, decimals, launch date and its address on the public record. Technical details shows the wallet addresses behind the token for anyone who wants to check them.