Wondering i bought coins on the exchange, when i put it in my wallet will i earn 10%?
yes on Days 8-17 (POS): Nominal Stake Interest: 10% Daily
1000 4320 4320000
25919 4000 103676000
Total 107996000
Day 8 118795600
Day 9 130675160
Day 10 143742676
Day 11 158116943,6
Day 12 173928638
Day 13 191321501,8
Day 14 210453651,9
Day 15 231499017,1
Day 16 254648918,8
Day 17 280113810,7
They are saying Total of coins: 1,000,000,000
Now after 17 days we have 280,113,810 coins and 3.65% yearly
Sorry, but how many years do we need to wait to reach 1,000,000,000 coins? I just did the calculation 100 years before we reach 1,000,000,000. This is ridicules. I would suggest to the owner of this coin to put REAL numbers in it. If investors see, WHAT!!! 1,000,000,000 coins then they will say this price looks high, but when you dan check, what a minute. After 10 years we still only have 400,000,000 coins, so this price is cheap, very cheap.
I don't think you are taking the effect of compounding into your equations. After the minted coins mature, you earn interest on them, as well. I don't know what the interval is for earnings. But if they are paid once a day, then after 100 years there would be more than 10 billion coins.
But they pay 3.65% yearly, so when we have 280,113,810 coins after day 17, then we will have on day 382 280,113,810 * 1.0365, no?
To get the exact number, I need to know how long the average payment interval is.
C = total number of coins
n = number of years
If it pays only once a year, we have
C = 280,113,810 x 1.0365 ^ n
If it pays once a day, we have
C = 280,113,810 x 1.0001 ^ (n * 365)
