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emg110 committed Oct 10, 2024
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7 changes: 1 addition & 6 deletions ARCs/arc-0071.md
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Expand Up @@ -35,9 +35,7 @@ The key words "**MUST**", "**MUST NOT**", "**REQUIRED**", "**SHALL**", "**SHALL

Note 1: In current settings the SBT can still be closed out to ASA creator address.

Note 2: In current status this ARC assumes a basic trust to be existing between Issuer and Receiver and that Issuer is trusted by Receiver.

Note 3: Heavy discussions and development is ongoing to address these 2 noted items. WIP. Proposed active solution for item 1:
Note 2: Heavy discussions and development is ongoing to address Note 1. WIP! Proposed active solution for item 1:

To create an atomic transaction group starting with a rekey from holder to issuer, then issuer creating the ASA using holder's address as creator, then transferring the ASA to holder, then freezing the asset and setting freeze address to ZeroAddress then rekeying back to holder. This will ensure that the holder cannot close out the ASA and soulbound ASA stays in holder's account forever.

Expand Down Expand Up @@ -70,9 +68,6 @@ The Issued state is the starting state of the ASA.The claimed state is when SBT
- The Reserve parameter **MUST** be set to `ZeroAddress`.
- The Manager parameter **MAY** be set to any address except claimer address.




## Rationale
### SoulBound ASA NFT

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