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How can I convert the millage rate of a digital asset into a percentage?

avatarSoumya Ranjan MohantyDec 18, 2021 · 3 years ago3 answers

I'm trying to understand how to convert the millage rate of a digital asset into a percentage. Can someone explain the process to me?

How can I convert the millage rate of a digital asset into a percentage?
Digital Asset
Millage Rate
Percentage

3 answers

  • avatarDec 18, 2021 · 3 years ago
    To convert the millage rate of a digital asset into a percentage, you need to divide the millage rate by 10,000. For example, if the millage rate is 500, the percentage would be 500/10,000 = 0.05%.
  • avatarDec 18, 2021 · 3 years ago
    Converting the millage rate of a digital asset into a percentage is quite simple. Just take the millage rate and divide it by 10,000. The resulting number is the percentage. Easy peasy!
  • avatarDec 18, 2021 · 3 years ago
    When it comes to converting the millage rate of a digital asset into a percentage, the formula is straightforward. Divide the millage rate by 10,000 and you'll get the percentage. This method is commonly used in the cryptocurrency industry.

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