Cryptocurrency Q&A
How does the mint make money?
How does the mint make money?
KimonoElegance
Thu Nov 21 2024
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5 answers
1068
I'm curious about the mint's profit-making process. Specifically, I want to know how they generate revenue and what methods they employ to earn money.
5 answers
CryptoEmpireGuard
Sat Nov 23 2024
Mints generate revenue through seigniorage.
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CryptoWizardry
Sat Nov 23 2024
Seigniorage refers to the difference between the face value of a coin and the cost of producing it for circulation.
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EthereumLegendGuard
Sat Nov 23 2024
This profit margin allows mints to operate and sustain their activities.
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Margherita
Sat Nov 23 2024
Additionally, mints also earn from the premiums paid by collectors.
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lucas_clark_artist
Fri Nov 22 2024
Collectors are willing to pay more for coins than the raw bullion and metal they are made of.
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