Can you explain how the interest rates are calulated. I tried to adjust Hodlcoin calculator but could not find simple modification to match wallet reported rates.
On the first page it's said that max interest is 426.38% but wallet gives 731% interest???
On 12 month term deposit total payout is about 633.92% interest. Keep in mind that is when you combine the term deposit and the standard POS together...
You may want to refer to: https://github.com/ROIcoin/ROIcoin/blob/master/src/primitives/transaction.cpp
Zoom down to lines 195-206:
for(int i=1;i
bonusTable=bonusTable[i-1]+(bonusTable[i-1]>>16);
str += strprintf("%d %x %x\n",i,rateTable, bonusTable);
}
for(int i=0;i
}
return str;
}
If 'On Maturation' values varies this much how accurate the earned balance is?
It should be very accurate and is really only affected by variations in the standard 2 minute block timing.
Rates are increasing
20,56 - 122,83 - 497,40 % - deposit block 1904
22,72 - 142,62 - 527,88 % - deposit block 2284
20,19 - 130,59 - 546,69 % - deposit block 2517
1,00 - 8,32 - 732,35 % - deposit block 4837
19,10 - 158,97 - 732,50 % - deposit block 4838
Edit:
Estimated date is 15 months away
Hello,
There are some other variables. Even though you can lock for more that 12 months. You should get a warning that there is not interest earned beyond 12 months.
And the interest is compounding. We have run the numbers numerous times. The code is static, the variables are amount, time of deposit, which will figure the compounded return on maturation block.
Time Start Coins End Coins Coin Gain Interest
1 week 100 102.277 2.277 2.28%
2 weeks 100 104.846 4.846 4.85%
1 month 100 111.796 11.796 11.80%
3 months 100 150.433 50.433 50.43%
6 months 100 246.898 146.898 146.90%
12 months 100 733.923 633.923 633.92%
sorry about the formatting.
The idea is to incentivize longer deposit times to keep coins out of circulation. Also, the interest rates will remain for the life of the coin, no deprecating values. So late adopters enjoy the same benefits as early adopters. But just like a 401k, the sooner you start, the more balance in the end as time is a key component.