# What is the Cost to Mint Stead?

How do I mint a Stead token and how much will it cost me?

Last updated

How do I mint a Stead token and how much will it cost me?

Last updated

Aside from being backed by RWA, and having a built in burn mechanism that makes Stead deflationary, another guarantor of increased value of the tokens will be their emission price. Their is a pre-determined minimum price at which Stead can actually be minted. Every 30 days, the minimum price (called the Base Price) will increase by 0.9%, or about 11.35% annually. So how does this impact your ability to mint tokens?

At launch, the cost for 1 Stead will equal 70 cents ($0.7), therefore being equal to 0.7 USDT or 0.7 USDC or 0.7 DAI, but will only be able to be minted for Tether specifically. If the price of Stead doubles 30 days later to $1.40 then it will take 1.4 USDT to mint a token. If however the price drops to only $0.40 then the cost to mint 1 Stead will be $.707 instead. This is because any price below the Base Price will not be considered an acceptable minting parameter, but any price above the Base Price will become the new minting price.

In this way, the minimum cost of Stead minting will increase by 11.35% annually. As a result, future buyers will have to pay more to purchase tokens, thus giving them an ever increasing price floor, and a stable and predictable price arc.

The clear benefit to purchasers of these tokens is that they will obtain a far more stable financial benefit and safe haven for their capital, with a consistently rising price floor. While the Operators will obtain the ability to acquire crowdfunded capital that would otherwise not be available to them, or may be preferable to available capital in some countries depending on interest rates and regulations.