At Old Republic Surety we seek to deliver you transparency and clarity in our communications. If you see an abbreviation that is confusing or unclear, please reach out to your local underwriter or branch for clarification, even if you are just asking for a friend. If you would like to learn more about Old Republic Surety and some of our services like Commercial Surety Bonds, Contract Bonds, what does mm mean or just want more information, don’t hesitate to contact us today. Agents will also commonly see us communicate M as thousands when we quote surety rates or agent commissions. For example, the standard Class B rate starts at $25/M for the first $100M; then $15/M for the next $400M; then $10/M for the next $2MM. Those rates are expressed per thousand and the MM denotes millions.
These will provide strategies of varying risk levels to different users. With low-risk high yielding strategies, we anticipate demand for MUSD to pick up. This will generate huge fees and revenues to be pumped back into $MMF and $BURROW in the form of buybacks. METF will focus on acquiring liquidities paired to SVN. METF-SVN LPs will allow MMF tokens to be freed up to alleviate the current lack of MMF tokens. At the same time, this will promote more utilities for the SVN token.
About MM Finance
Within finance and accounting, we often find something quite different. For example, a thousand is often abbreviated as , a million is abbreviated as , and a billion is abbreviated as or . While the letter „k“ is the most common abbreviation, there are a few different ways to abbreviate thousand. Thirdly, once these whales have panic sold and are replaced by new users in the longer term horizon, our ecosystem should have stabilised, price-wise.
What is 100mm in money?
The conversion value for 100 MM to 220.001 USD. BeInCrypto is currently using the following exchange rate 2.2. You can convert MM to other currencies like ETH, USDC or USDC.
It is also not a “simple flip of the switch” for us to activate these features, as it is in the nature of DeFi for someone to build on our protocol. The tokens we have launched, and the protocols we have launched are open in nature, and anyone can build on it. Regarding shorters, and market shorting, our team has made observations about such. Our team has done some on-chain analysis due to the recent overwhelming claims about “shorting”, and how shorters are harming our token prices.
Definition of MM
That said, when the AUM is also eventually being activated for METF buybacks and burns, it will result in way lower price impact for SVN, which is desirable. This switch will also allow for a better price action of the METF token which is currently a concern of METF holders.
- As many of you know, we are in the midst of our core development sprints.
- Within finance and accounting, we often find something quite different.
- That has always been our Mad vision since day one and that will never change.
- The reality is that users keep trying to find reasons for why prices are dropping, and the “shorting” narrative has latched on in the stickiest and easiest way to explain why prices are dropping.
For the Romans, the god of wine would be Bacchus, and for the Greeks, it would be Dionysus. These differences carry themselves into many parts of our culture, including financial analysis. Because we have multiple options to choose from when selecting an abbreviation, it is important to use context to make the proper selection.
Planned changes for the rosy future
No one doubts our track record so my follow up question is, where will those previous whales go after they supposedly panic sold? Perhaps the answer to this question is similar to the answer above.
- The team has been aware of the intricacies all along — of the need for token utilities, and which is also why there are certain assets linked in certain manners.
- Likewise, we may quote you a single and aggregate contractor line of authority.
- METF will focus on acquiring liquidities paired to SVN.
- Think of your computer expressing bytes of memory as kilobyte, megabyte, or gigabyte.
- This guide will explore how the notation should be used, as well as alternative symbols that are used in practice.
If you do use these abbreviations, be sure to clearly define them in the text. Removal of MMG to be replaced with SVN token (often termed as the people’s key token in our ecosystem). The suggestion and debates surrounding this suggestion within the subreddit is a sensible one. Pros and cons of such a move have been carefully discussed, and our team concurs that such a move outweighs the possible cons. Moving forward, our team will build our GameFi product, the MM Arena to adopt the use of SVN token. A token that already has huge financial value, will now have a much needed burning utility.
As it stands, there’s close to 4mil MMF tokens and 4mil SVN tokens out on money markets. In the current scenario where less than half of these tokens are used to “short”, these do not cause a price crash, as these merely have a ~2–3% price impact only. The reality is that users keep trying to find reasons for why prices are dropping, and the “shorting” narrative has latched on in the stickiest and easiest way to explain why prices are dropping.
What does $25 MM mean in money?
M and MM are Roman numerals where M stands for "one thousand" and MM is intended to denote "one thousand thousands"or "one million". A quote for mailing services would commonly show as $ /M. For example, a cost quoted as $25/M would equate to $25 for every thousand pieces.
Professionalleadershipinstitute.com needs to review the security of your connection before proceeding. Financial and accounting statements historically used a different https://www.bookstime.com/ approach to abbreviating thousand and million. This approach combines Roman numerals and abbreviations. It has become less common due to the potential for confusion.
This is something our team deeply appreciates, and which is also why we place such gargantuan efforts in our daily endeavours to constantly build MM Finance to greater heights. As many of you know, we are in the midst of our core development sprints. Normally, our rule is for the core team to remain uninterrupted until core sprints are completed because that is how work is exponentially done in the same amount of time- Locked in, fully focused uninterrupted momentum. That being said, we have decided to make an exception this time round in light of a surprisingly high level reddit thread discussion that we thoroughly enjoy.
- If you’re confused about the letter designations that stand for thousands and millions, you’re not alone.
- $CRO is unique because it is EVM compatible and it is the only crypto ecosystem trying to bridge the gap between the web 2.0 and web 3.0.
- Over the years, we have seen such behaviours exhibited in numerous DeFi projects, many have succumbed and few survived.
- Structured Query Language What is Structured Query Language ?
- Those rates are expressed per thousand and the MM denotes millions.
Likewise, we may quote you a single and aggregate contractor line of authority. That line may be expressed, for instance, as $5MM single and $15MM aggregate. If you’re confused about the letter designations that stand for thousands and millions, you’re not alone. In fact, it’s one of our most frequently asked questions.