Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
2. Why not weekly payouts of the growth account? Why just 3 months, 1 year and 5 years? Do you really believe many people like that? Is it necessary?
Yes, it's necessary
My guess is all the people who lock their coins up in growth accounts end up bag-holding. New people buying in upon release will be convinced that their investment will grow that much in those time periods. What they'll fail to understand is that it's not the value of the investment that's growing, it's the number of coins that are growing. The people locking in for long-term growth accounts will also be creating a lot of the demand on the exchanges as they sink more money in.
Something like that is what the growth accounts earn.
Very few things motivate like greed. I can see a ton of people going for the 5 year accounts, and even more going for the 1 year accounts, effectively making those coins worthless. Many of the pre-sale idiots will be all over that. If people cash out early they lose all staking rewards. I'd also expect "technical difficulties" that delay people who decide to cash out of a growth account early, slowing their ability to dump them on the market.
- 3 months, 20 %
- 1 year, 100 %
- 5 years, 1600%
Something like that is what the growth accounts earn.
Very few things motivate like greed. I can see a ton of people going for the 5 year accounts, and even more going for the 1 year accounts, effectively making those coins worthless. Many of the pre-sale idiots will be all over that. If people cash out early they lose all staking rewards. I'd also expect "technical difficulties" that delay people who decide to cash out of a growth account early, slowing their ability to dump them on the market.