Future for this coin seems very uncertain, Developer seems like a good guy but really needs to come up with something impressive for this coin.
This coin is a real enigma to me. We have a dev that seems really committed to the cause. Also seems intelligent, speaks English better than 99% of other devs. Quick to answer any questions in the thread etc. Staking is working bueatifully in the wallet and there's hints of anonymous messaging coming among other developments. Yet still there seems to be virtually no interest in the coin - whereas, there are still "country coins" being released by devs who can't string a proper sentence together and even insult the users trying to mine their coins - and these coins still generate 100x more interest!
It's a total mystery IMO!
With a higher interest, I would have invested. But the interest rate is not enough for me. I agree it is an otherwise interesting coin.
Edit: "Mining period lasts approximately three years. By the end of this period, mining reward has decreased to the minimum and Digit mining process will end. Once mining has ended, staking interest rate will start moving towards to monthly base rate of 1%" Does it mean no interest at all the first three years?
The Digit PoW block reward starts with a multiplier of 29.2. The multiplier decreases daily by 0.08 and will reach a value of 0.08 in about one year.
Difficulty is driven by the network hash rate
Block reward is calculated by multiplying difficulty with the daily multiplier.
Here is an example of the Digit PoW block reward if the last block difficulty was 15 and we are at 30 days since the launch.
Block reward = 26.8 x 15 = 402 DIG.
Interest rate starts at 1% and increases each month by 1% until it reaches its peak of 12% by the end of the first year. Then, the mining will end and interest rate will start declining towards base rate of 1%.
Effective annual interest rate:
Year 1: 116%
Year 2: 91%
Year 3+: 13%
(end of quote of first page)
This means that we get 116% POS in the first year (remember its a POW & POS coin already), 91% second year and 13% in the third year.
If i read this correct..