Post
Topic
Board Announcements (Altcoins)
Re: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico
by
Joebwan
on 12/04/2016, 03:00:51 UTC
If I invest 1 BTC in TEK and get at least 30% per month, then I get 23 BTC after one year? Or may be it is some mistake?

Gotta love compound interest!.

Even if you get 10% per month, and let it compound for a year you would end up with more then 3 times your initial investment. Beats the hell out of the .1 % you get in your savings account.

Point of interest: when doing your compound interest formula, remember that the balance only compounds 12 times per year, and that your interest rate is 12 times the monthly rate.

I folks really understood TEKs potential upside, it would be a very popular coin!