Question for devs
Why not limit TD to 6 months max, I don't see the advantage of locking coins so long, it's look like it freezing the level of exchange... in which way it make the coins more valuable?
There is no max time to lock coins for. You can lock them for 9999999999 months if you like. But it will only pay intrest for 12 of them months.
I think it is a good thing to lock coins for 1 year and get more APR much like my bank accounts only pay APR after 365 days.
If you have 100,000 coins and you lock them for x amount of apr you get more when they unlock and stop the market getting flooded. Because them who mine the hell in to it now can keep seeing a good ROI from the coin later.
Them who mine the coin later when the network hash is crazy high and can only get lets say 1 coin a day can mine and deposet it and get 7 coins + 15 % apr for locking 1 coin for 12 months. And there for get a good ROI on the coin/s they have.
The coin is made to be simple. And most investers big and small understand that if they put £3000 in a ISA for a year they will get back 2-5% APR depending on the bank there with.
Roi coin keeps things simple but with better APR.
Dont think for one min that there will be users out there who have put 100k coins in ROI for 12 months to dump 700k when they unlock. I myself have alot of coins and add to them each day putting them in on a 12 month term. When my 1st ROI unlocks that will be 125k coins. Will I dump them? NOPE I be keeping them and putting them back in even if the APR at the time is 5% I will be putting them back in for another 12 months. If there was a 5 year term I would be using that too.
In a year I and others who have put time in to mining the coin now will have alot of coins. But I for one will not be dumping them. Even if they hit $5 a coin I will not be dumping them.
So you see in having a TD of 12 months it keeps them coins off the market but also gives the holder of the coins chance to make more coins without mining. Thus giving the holder a ROI.
This is just my out look. Others may differ
Raster.