Define: Minting

How is Minting defined in a legal contract?

• Minting means the act of using any machine or device to authenticate. Seen in 2 SEC filings.
• Minting means the process by which [organization] creates Points and credits such Points to a [organization's] Master Account. Seen in 1 SEC filing.
• Minting means utilizing any machine or device to authenticate data, add any block, or record any information or data on any blockchain. Seen in 1 SEC filing.
• Minting means the act of creating an NFT using a specific technology. Seen in 1 SEC filing.
• Minting means the process of creating new tokens under certain conditions. In this context, new Property Tokens are created whenever a new property is offered for sale. Seen in 1 SEC filing.
• Minting means a primary mint on a specific type of blockchain. Seen in 1 SEC filing.

Please note, all organisation-specific names have been replaced by [organization] and all references to specific legal clauses have been replaced by [clause] for the purpose of this summary.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of minting' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Minting means the process using certain technology to create, authenticate, and record new blockchain tokens or NFT entities.

Relevant Contract Types

• Blockchain Development Agreement
• Cryptocurrency Licensing Agreement

Relevant Circumstances

• When a company wants to launch its own cryptocurrency
• When a company wants to make use of blockchain technology within their services

Relevant Sectors

• Fintech
• Technology

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Genie Definition 2

• Minting means creating and crediting Points to an [organization's] Master Account under certain pre-defined conditions.

Relevant Contract Types

• Customer Loyalty Program Agreement
• Rewards Program Agreement

Relevant Circumstances

• When a company wants to implement or update a points system for customers
• When rewards or points are being used as part of a promotional campaign

Relevant Sectors

• Retail
• Hospitality

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