At this moment, it is still possible to earn KVT by minting KAU / KAG. A popular way to obtain KVT is by so called "mint cycling", where the same capital is used repeatedly for minting KAU/ KAG, selling it on the Exchange, and then bringing it back into the Mint for the next cycle. This way it is possible to obtain KVT significantly cheaper than by buying them outright on the exchange.
However, it is quite complicated to work out the total costs, which is composed of Mint fee (0.45%), Exchange fee (0.22%), spread between the Mint buy and Exchange sell (variable, but often in the 0.27% ballpark) and remittance of cash back to the Mint (flat $25 fee).
Especially because of this last factor, using a large cash balance works out the cheapest. But of course not all users have that luxury. Also one factor that is often overlooked is that you need to mint in lots of 100 KAU or 200 KAG. So in case of KAU, that is $5300 at current prices. Once your balance falls below that, you cannot continue minting, possibly even before you have earned the KVTs that you want!
To help users with this analysis, I have created an excel sheet that takes all these factors into account. Just input the parameters and it will work out all the mint cycles and the resulting cost per KVT. This allows you to play around with these parameters and find out how it works out for you.
Note that in practice, prices, spreads etc vary, so it won't be exact. But I hope you guys will find it a useful tool.
*** Disclaimer ***
Use at your own risk. While I believe the calculations to be correct, I cannot be held responsible for any errors. Please let me know if you discover any errors.
However, it is quite complicated to work out the total costs, which is composed of Mint fee (0.45%), Exchange fee (0.22%), spread between the Mint buy and Exchange sell (variable, but often in the 0.27% ballpark) and remittance of cash back to the Mint (flat $25 fee).
Especially because of this last factor, using a large cash balance works out the cheapest. But of course not all users have that luxury. Also one factor that is often overlooked is that you need to mint in lots of 100 KAU or 200 KAG. So in case of KAU, that is $5300 at current prices. Once your balance falls below that, you cannot continue minting, possibly even before you have earned the KVTs that you want!
To help users with this analysis, I have created an excel sheet that takes all these factors into account. Just input the parameters and it will work out all the mint cycles and the resulting cost per KVT. This allows you to play around with these parameters and find out how it works out for you.
Note that in practice, prices, spreads etc vary, so it won't be exact. But I hope you guys will find it a useful tool.
*** Disclaimer ***
Use at your own risk. While I believe the calculations to be correct, I cannot be held responsible for any errors. Please let me know if you discover any errors.
