Is there a specific formula or method to convert mill rate to percentage for different cryptocurrencies?

3 answers

• Ken W.Sep 30, 2020 · 5 years ago
  Sure, converting mill rates to percentages for cryptocurrencies is actually quite simple. All you need to do is divide the mill rate by 10,000. For example, if the mill rate is 500, you would divide it by 10,000 to get 0.05%, which is the equivalent percentage.
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• Koichi NakayamadaFeb 04, 2024 · 2 years ago
  Converting mill rates to percentages for different cryptocurrencies can be done using a simple formula. Just take the mill rate and divide it by 10,000. This will give you the equivalent percentage. For example, if the mill rate is 750, dividing it by 10,000 will give you 0.075%, which is the percentage value.
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• FiorellaSierraBerrocalAug 25, 2022 · 3 years ago
  When it comes to converting mill rates to percentages for different cryptocurrencies, there is no one-size-fits-all formula. Each cryptocurrency may have its own specific conversion method. However, some platforms like BYDFi offer tools and calculators that can help you convert mill rates to percentages for various cryptocurrencies. You can simply input the mill rate and the cryptocurrency you're interested in, and the tool will provide you with the corresponding percentage value.
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