I am not a technical person, so I have some questions about POS.
Since all the POS coins have an yearly interest rate, I wonder how that interest is calculated.
Its not just once a year 6% , I presume.
So lets say for example I let 1,000,000 FAC stake in my wallet for 1 year. With 6% interest/year and a min coinage 30 day and max 90 days.
Does that mean the interest is calculated every 30 days at 0.5% (6% / 12 month)?
Because that would result in a sligtly higher interest rate than 6%/year.
1,000,000 * 1.005^12=1061677.8 FAC
vs
1,000,000*1.06=1,060,000 FAC
Thats just for the first year. It would ad up even more over the years.
With an higher interest rate, there is a coin that offers 100% for the first year, that would ad up pretty quickly.
That coin has a min coin age of 2 weeks and no max. So 100% / 52 weeks / 2 = 3.846% every 2 weeks.
1,000,000*1.03846^26=2667682.209
vs
1,000,000*2=2,000,000
And my second question:
Whats the difference between a 30 days old coin and a 90 days old coin?
Please excuse my probably bad english
