I am also using term deposit and it is one of the great features of the coin!
From my point of view it would be nice if the long term deposits become more attractive for the community. When I compare the interest of 4% p.a. for 3 month and 5% p.a. for 12 month the long term deposit is not very attractive. Is this a point to discuss or is this "unchangeable"?
If yes, one suggestion from me:
1 month ~ 3 % p.a.
3 month ~ 4 % p.a.
6 month ~ 6 % p.a.
12 month ~ 9 % p.a.
This would make it more attractive to all users to lock the coins for 6 or 12 month.
Marv
its a thought, that comes to ones mind quickly, but two things:
having done plenty of calculation when shaping ERC,
I can confess, this would have a bad impact on the inflation rate,
don't underestimate the danger of interest on interest
termdeposit hasn't a popularity problem, its widely used
in times of decline coins, that have been shaped in the right way and started to get stronger,
tended to panic, when they had to overcome phases of downswing on Bitcoin raise.
They often started to play around with their formerly well adjusted specs instead of just keeping up.
Trust me there are very, very few coins out there, that have more experience in managing times like this.
This is just a normal market movement of an emerging market, nothing to worry but just to keep going.
read my next post in ten minutes
to know, whats meant with "keep up in hard times"
have fun Matthias
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