Its actually 0.96% compounded daily which is ~3200% per year.
Do you do any research before picking a coin to pump&dump?
I did do my research.
The 1% compounded daily is just for the prime accounts which are relatively few.
The rest get 10% per year which is equal to Bitcoin right now.
Just look at the total XPY, if it were 3200% per year it would be growing much faster over the past 2 months than it has.
If I'm wrong about this then I would like confirmation from someone else cause such high inflation would make any price floor unsustainable.
If you did your research you would of realized the simple fact that the value of any XPY held outside of a "prime" wallet decreases exponentially due to the code exponentially increasing the money supply thanks to compounding interest that sin't equal across the board. Even if you hold the same # of coins but without a "prime" code you're on the losing end of the game.
Assumptions:
1) Stake rate is averaged and encompasses all stakes in a given day (typically 4).
2) Using math pulled from the code as show (5 wallet = ~.01% daily, 350 wallet = ~.96% daily)
3) All coins are left to the design of the source code and are not touched for the entire year. (i.e. No manipulation)
125,000 @ 5% after 1 year compounding (365 days) = 129,646.55
125,000 @ "350%" after 1 year compounding (365 days) = 4,087,142.75.
Human manipulation would, in effect, create ~1/4 of the stake as seems to be done at this time... But I stress again that this isn't the code. Hopefully I wouldn't need to tell Vlad2Vlad that though...
So...
125,000 @ "350%" after 1 year compounding (365 days) and with human manipulation = 299,844.56
So, with human manipulation of the source to "ensure" fairness the GAW wallet still has a little over 170,000 more coins than a regular user's wallet after 1 year.
Don't let me spoil your fun though... math is fun, isn't it?