BitConnect coin uses a special algorithm called the POW/POS to secure the BitConnect Coin network. The moment you acquire BitConnect Coin it becomes an interest bearing asset with 120% return per year through PoS minting I see this coin as a great investment opportunity bearing 10% interest every month without lifting a finger, @ dev can you explain better how this can be achieved because i will like to invest here if the road map or explanations is clear enough.
This is an interesting concept. Investing into this coin would look like a great investment because of the 120% return per year and also the possibility that Bitcoinnect Coins would also grow in value. I'm looking forward to the explanation on how the coins will earn 120% per annum. This is a great and unique concept for a coin.
I think that the answer to your question is in the
github link of the project :
Bitconnect Coin Specification
Maximum 28 million BitConnect coin will ever exist to the community.
bitconnect coin adopt a variable PoS rate that will be given periodically payout as per following list,
1st 6 months -> 60% (10% per month)
2nd 6 months -> 50% (8% per month)
3rd 6 months -> 40% (7% per month)
4th 6 months -> 30% (5% per month)
5th 6 months -> 20% (3% per month)
6th 6 months -> 10% (1.4 per month and ongoing.)
It would be interesting to have some details regarding this point.
Beside of that, the project is really interesting and i really appreciate the design of both the coin's website and the community's website. Great orange layout.