no that can't be right. it has to earn interest like a 12 month term deposit.
it does - just like any other hodl'd coins.
So technically instead of a receiving a reward of a block of 50 you'd end up with approximately 900 (in 12 months) once we reach block 8600? I put a block of 50 into a 12 month yesterday and it equated to 931 at maturity. Obviously this will go down as the interest goes down.
Can we get confirmation this is how it will work?
Yes, exactly like that.