# Currency Minting

The lifecycle of a Change Credit can end in 3 different ways. First, a holder could continue to hold (or circulate) the token in perpetuity, allowing each holder to exercise whatever rights may be imprinted in the token by the Good Generator who created it. Second, the Change Credit may be purchased and retired, either completely or partially, by the issuing Good Generator. Finally, the Change Credit can be monetized.

While the process of retirement enables Good Generators to buy up and retire (burn) the credits they've issued, the process of monetization encompasses the entire Changescape. When monetized, Change Credits become the basis for a unique value-aligned currency, Mutual Money.

# Monetization

Fiat money is created through a process known as debt monetization, through which a central bank purchases state debt and then issues currency against the value of that debt. This introduces a constant source of demand for the state's debt thereby reducing borrowing costs and effectively subsidizing spending. The seigniorage produced through monetization is a powerful means of collective support by users of a currency toward the state issuing the underlying debt.

This idea of monetization and seigniorage can be reimagined for nearly any set of community values, where adoption of the currency mechanistically supports the realization and furtherance of the community's value system. With this in mind, we propose that Change Credits, and the positive externalities they represent, can be monetized through Mutual Money.

more information coming soon