1000 coins TD for 7 years.
1 Y = 1000 @ 600% = 6000
2 Y = 36 000
3 Y = 216 000
4 Y = 1 296 000
5 Y = 7 776 000
6 Y = 46 656 000
7 Y = 279 936 000
1 Y = 1000 @ 600% = 6000
2 Y = 36 000
3 Y = 216 000
4 Y = 1 296 000
5 Y = 7 776 000
6 Y = 46 656 000
7 Y = 279 936 000
I would not recommend term depositing coins for more than 12 months. If you do the payout stops at 12 months but the coins will still be locked. So if you term deposit coins for 7 years they will be locked for 7 years but after 1 year no more interest payout = 6 years of locked coins with no term deposit ROI...
Lol. 1 year is plenty long enough imo.
Btw, any info on when the new wallet will be out? Or is it still being tested?
New wallet should be ready for download today or tomorrow. We are going to set the fork at block 25000 instead of 20000 to allow the community more time to be ready for the fork. The dev team has worked very hard to create an updated wallet that you can install and use before the fork and that wallet will move pre-fork | fork | post-fork | so you can have a seamless / painless transition.
Stay tuned to this tread so you will be aware of when the new wallet download becomes available.
I mean if after 1 year I got my coins back but a deposit them, years after years.
Oh very cool you are are doing these calculations!
Couple of points on this topic:
Many of you are very knowledgeable and have worked with a lot of different coins that stake. When you get into the details of ROI coin it's clear the coin is very different. For example, many staking coins have to compete so the code considers wallet weight / network weight, etc. and then trying to stake is not unlike trying to mine and you are competing. Sometimes you may stake other times maybe not and even then the amount staked can vary. Some other staking coins require your wallet to be online-connected to the network-and unlocked to stake. Past all that and in terms of staking coins I am only aware of 3 coins in the world that provides for a "term deposit" in addition to the typical staking.
Now look at ROI and see some cool differences and I would call them improvements that are aimed at making the coin more of a candidate for mass adoption to common users. With ROI you know precisely how much it will stake and precisely how much it will term deposit. You do not compete with anyone to get your stake or term deposit payout. Each and every time the blockchain spits out the next block you are getting paid for your staking and your term deposit. Fact is you can literally sit and stare at you wallet and watch the available balance go up each time the next block cracks. Also, with ROI you do not need to have your wallet online and you do not have to have it connected to the network and you do not have to have it unlocked to get all of your payouts.
Why do these differences really matter? They matter for several reasons. First off from an investment perspective it sure is nice to know ahead of time what your investment will do in terms of interest gain. If you put money in a savings account or if you buy a certificate of deposit you know from ground zero what that payout is going to be. Same thing with ROI coin there is not mystery to if or when or how much you will be rewarded for staking or term depositing. Next - With this coin you have more options... you can POW mine it, you can leave coins available for use (unlocked) and get payout, you can term deposit (lock) coins and get a much bigger payout and you can do a combination of all three. It's up to you. Finally, because the coin does not require to be online-connected-unlocked to payout this makes it more user friendly to people who simply cannot have their pc running/connected/unlocked day and night. Plus, this also opens the door for other unique options that we are working on implementing after the fork - for example - an "offline" paper wallet that will store you staking or term deposit ROI coins that you could tuck away in a door and then revisit a month or year later all with not even having to worry about messing with a QT wallet at all...
I got to get some stuff done or I would go into even more things but suffice it to say this coin is different than most and the differences should be attractive to a bunch of people...
