Does the colony need to be the owner of the token contract?

colonynetwork
colonyjs

#1

Question from Slack channel:

If we use our own token, does the colony need to be the owner of the token contract? Or is that only if we want to allow minting and burning of tokens?


#2

Your colony does not need to be the owner of the token. In fact, more than one colony can use the same token as the colony’s native token.

If you want to be able to call the functions of the token from your colony, you will need to set your colony as the owner of the token. For example, if you want to give your colony the ability to mint and burn tokens, your colony will need be the owner of the token.