Where was this voted on?
There https://bitcointalksearch.org/topic/sprouts-vote-on-the-future-long-term-pos-reward-rate-1316682
500 apr is not that high, it depends on market cap too. How can you expect a community to grow if you cut the reward way worse than btc ?
Tiis coin should not be 15 bagholder's coin, a biggest community is needed as it is the case for any coin.
VOTE 500 APR 2016 : x
With 30k$ cap this will still be above 2sats after 1 year. Then it can be discussed again. If sprouts can't double its cap within a year it will be a worthless coin.
That poll is irrelevant due to incorrect stats and should be ignored. It doesn't state the current apr correctly Sprouts apr is currently 730% not 105,000%.
I think they are trying to say that with compounding interest it would be that much but that is a very flawed calculation considering pretty sure no one stakes @ 5 days (i never have) so that RADICALLY changes that calculation. Good luck getting the exact figure its near impossible unless you can take all staking wallets into actual factual consideration.
You're coins may not stake on the 5th day, but mine do. Cold hard truth. With sprouts, like most POS coins, the people with the largest balances have an extreme advantage. After it stakes, I usually merge my inputs too, so that I can maintain priority in staking. The next part should relaly blow your mind. When someone's coins take more than 5 days to stake, their compounding affect is diminished and they make less coins compared to coins that stake every 5 days.
Here's an example: staking 10% every 5 days pays more than staking once after 30 days of aging
******************
100,000 coins * 1.1^6 = 177,156.1 coins after 30 days
100,000 coins * (1+0.1+25*0.02) = 160,000 coins after 30 days <-- This guy is silently being screwed by the faster staking balances as they push his staking times out farther and farther and reduce his overall return.
This is a very basic compounding effect. It's always best to stake as fast as you can after the transaction hits 5 days. Every time you take extra days to stake, you are generating less coins. The guys with the largest merged inputs are generating more coins at a faster rate than those with smaller balances who are forced to wait longer.
Be smart and merge your inputs. Optimize your staking times.
*******************
My wallet:
https://www.blockexperts.com/sprt/address/SXHVCfYbLRaZo61uebKxq4cSeYDZnfSNnF
If you have enough coins you stake pretty quick. Mine usually stake within 4 hours of hitting age 5. Also, it seems that the time it takes after I hit the 5th day is prorated at 2% too even if it's just a few hours.
I don't want to piss on anyone's parade, 730% is an absolute farce. The total money supply compounds like this. 100*1.1^73 = 105115.31995% per year. Someone tried to argue that it's 730% because most people would be expected to spend their stake and rotate around the same balance. We've already established that was severely flawed logic. Coins aren't destroyed when you spend them. They just end up staking in someone else's wallet. Total money supply continues to compound. Look again at my example above. 100k coins in that example achieves a 77.1% return in 30 days if you can stake every 5 days which is what I am able to do with Sprouts since I have the 3rd largest balance.
BTW, I have an idea. If you honestly think 730% is the real APR and the coin's POS reward stays the same, I'll make you all an offer. Loan me your sprouts for 1 year and I will pay you your original balance back plus +7300% APR in 365 days. Doesn't that sound like a great deal? For example, give me 100,000 sprouts and I'll give you 7,400,000 in 1 year. Any takers?