[ANN] {CredenceCoin} - CRDNC - Lending-Staking-Referrals-Mining

[ebatcave]

Which exchange is coming next ?

The internal exchange is coming next.

[didi-man]

Calculation Results
Your results are based on... $10,000.00 investment starting on 11/28/2017 for 365 Days at 1.3% interest paid per day calculated every day and compounded with 100% of your profit being reinvested and 0% withdrawn thus resulting in an accumulated profit total of $1,105,444.66.


You have an option to buy 1 BTC fo $10k now  and wait 1 year and see if you gonna beat 1.1mil

[Chrmel612]

Calculation Results
Your results are based on... $10,000.00 investment starting on 11/28/2017 for 365 Days at 1.3% interest paid per day calculated every day and compounded with 100% of your profit being reinvested and 0% withdrawn thus resulting in an accumulated profit total of $1,105,444.66.


You have an option to buy 1 BTC fo $10k now  and wait 1 year and see if you gonna beat 1.1mil

To be exact, It will generate you a total amount of  $1,115,443.45 compounded everyday at 1.3%, for the duration of 365 days. Seems good. By that time, the price of Credence coin is over 400-500 USD.

[didi-man]

Calculation Results
Your results are based on... $10,000.00 investment starting on 11/28/2017 for 365 Days at 1.3% interest paid per day calculated every day and compounded with 100% of your profit being reinvested and 0% withdrawn thus resulting in an accumulated profit total of $1,105,444.66.


You have an option to buy 1 BTC fo $10k now  and wait 1 year and see if you gonna beat 1.1mil

To be exact, It will generate you a total amount of  $1,115,443.45 compounded everyday at 1.3%, for the duration of 365 days. Seems good. By that time, the price of Credence coin is over 400-500 USD.

Now this is getting scary


Calculation Results
Your results are based on... $50,000.00 investment starting on 11/28/2017 for 1001 Days at 1.3% interest paid per day calculated every day and compounded with 100% of your profit being reinvested and 0% withdrawn thus resulting in an accumulated profit total of $20,607,431,095.27.


How do you read that number? 

If they last 3 years we will all be driving lambos

[NGOALONG]

Calculation Results
Your results are based on... $10,000.00 investment starting on 11/28/2017 for 365 Days at 1.3% interest paid per day calculated every day and compounded with 100% of your profit being reinvested and 0% withdrawn thus resulting in an accumulated profit total of $1,105,444.66.


You have an option to buy 1 BTC fo $10k now  and wait 1 year and see if you gonna beat 1.1mil

To be exact, It will generate you a total amount of  $1,115,443.45 compounded everyday at 1.3%, for the duration of 365 days. Seems good. By that time, the price of Credence coin is over 400-500 USD.

Now this is getting scary


Calculation Results
Your results are based on... $50,000.00 investment starting on 11/28/2017 for 1001 Days at 1.3% interest paid per day calculated every day and compounded with 100% of your profit being reinvested and 0% withdrawn thus resulting in an accumulated profit total of $20,607,431,095.27.


How do you read that number? 

If they last 3 years we will all be driving lambos

wow , great

[CryptoMoosology]

i think it was Einstein that said compound interest is the 8th wonder of the world......

[cryptosteemman]

Yep that is correct Einstein said those words.

"He who understands it, earns it … he who doesn't … pays it"

[9to5crypto]

1% per day is too less. BTC increases more. Why should we convert BTC to lend to you at 1%? No wonder the price is crashing.

LMAO no it is NOT too low, and BTC does not even come close to that return. A $10,010 loan at 1.3% daily (1%+.3% bonus) would be worth $549,880 in 1 year. That is almost a 55x gain in a year BTC doesn't match that.

Your math is way off..

$10,010 x .013 = $130.13 per day.

Multiply that by 365 = $47,497.45

Of course if you re-invest daily that amount will be much more, but nowhere close to what you stated.. That said I'm fine with the "low" interest payments if it gives the platform long-term sustainability.

No my math is dead on, you are not compounding daily interest.... trust my number is the correct one.

[jameson44]

1% per day is too less. BTC increases more. Why should we convert BTC to lend to you at 1%? No wonder the price is crashing.

LMAO no it is NOT too low, and BTC does not even come close to that return. A $10,010 loan at 1.3% daily (1%+.3% bonus) would be worth $549,880 in 1 year. That is almost a 55x gain in a year BTC doesn't match that.

Your math is way off..

$10,010 x .013 = $130.13 per day.

Multiply that by 365 = $47,497.45

Of course if you re-invest daily that amount will be much more, but nowhere close to what you stated.. That said I'm fine with the "low" interest payments if it gives the platform long-term sustainability.

No my math is dead on, you are not compounding daily interest.... trust my number is the correct one.

Ok my bad. I guess I underestimated the power of compounding interest.  

Those numbers look nice!

[arslaan]

Any update from credence dev? Are they going to launch platform today? If not then it's a request to dev to please release atleast the website ASAP because it's price is already suffering so much. We'll be definitely mooning if it's website is launched.

[cryptocapsule]

Any update from credence dev? Are they going to launch platform today? If not then it's a request to dev to please release atleast the website ASAP because it's price is already suffering so much. We'll be definitely mooning if it's website is launched.

alot of lending platform coins/tokens are suffering today in general.

[phucbot93]

you are right that compounding will get higher profit but i forget that it takes longer time to pay for. And if you continue to compouding, When it collapse you lost all. That's why we should make only 1 loan.

[didi-man]

you are right that compounding will get higher profit but i forget that it takes longer time to pay for. And if you continue to compouding, When it collapse you lost all. That's why we should make only 1 loan.

Scarp compounding altogether or limit it to 6 months max

you want long term sustainable platform then you have to put compounding  under control, it may look less attractive compared to crazy hextra daily interest rates and hex gold but you got to ask your self a question, do you want platform that will be gone in 6 months or you want something that last years, there is always a tradeoff

[commenkiz]

can't wait for the website to launch..

[ht2003]

calm down for moon mission

[Toxicdust]

My body is ready ... so are my coins

[krvpto]

Guys, i am having a hard time getting the credence wallet to sync. It seems to be stuck in "out of sync" with 0 active connections.

Any help would be greatly appreciated!

When you started the wallet, did you allow it to accept incoming and outgoing connections?

Are you on a connection where some ports might be blocked?

Only things I could think of really, because all of these QT wallets should be made so simple nowadays.

[9to5crypto]

Credence team thanks for setting up this platform which is by far my favorite and I think will one day #1. I have a question about the loans could you please answer.
This is taken from your whitepaper
"You will have the option to re-invest any interest earned and therefore commence a new contract at that rate starting on the date you reinvest, you will also have the option to auto-reinvest 50% or 100% of your interest earned and this will again reset your loan period but also increase your daily interest amounts earned on your loan. Reinvestment figures on interest earned will be rounded down to the nearest $ amount and the remainder will sit in your USD Wallet."

First & Third highlight - When you get the chance please try to bring auto-reinvest back I love that feature, and also the $1 reinvest vs $10 reinvest.

Second highlight - If I am at $9990 and getting the .10% bonus and then I reinvest my earnings into that same loan and it is now over $10,010 do I start making the .30% bonus on that loan? I should because my loan resets to that day and this is how it reads and I hope it is how it functions. I realize that my term will reset to 199 days every time I reinvest...but I don't care because I will just let it ride for the long term. Thanks

[NGOALONG]

Credence team thanks for setting up this platform which is by far my favorite and I think will one day #1. I have a question about the loans could you please answer.
This is taken from your whitepaper
"You will have the option to re-invest any interest earned and therefore commence a new contract at that rate starting on the date you reinvest, you will also have the option to auto-reinvest 50% or 100% of your interest earned and this will again reset your loan period but also increase your daily interest amounts earned on your loan.  Reinvestment figures on interest earned will be rounded down to the nearest $ amount and the remainder will sit in your USD Wallet."

First & Third highlight - When you get the chance please try to bring auto-reinvest back I love that feature, and also the $1 reinvest vs $10 reinvest.

Second highlight - If I am at $9990 and getting the .10% bonus and then I reinvest my earnings into that same loan and it is now over $10,010 do I start making the .30% bonus on that loan? I should because my loan resets to that day and this is how it reads and I hope it is how it functions. I realize that my term will reset to 199 days every time I reinvest...but I don't care because I will just let it ride for the long term. Thanks

Where do you get this information, thanks

[9to5crypto]

The information is in white paper at bottom of page 7.