Re: [ANN] {CredenceCoin} - CRDNC - Lending-Staking-Referrals-Mining
20% is quite alot. this guy out of his mind.
It's 20% per year which comes out to approx. 1.7% a month, thats not that much I'm not sure why people and Credence are advertising this like it's something thats new or massively higher then anywhere else.... Bitconnect started at 10% per month and is 8% per month thats currently 4.70x more then Credence per month... so not sure why this angle is being taken...
bcc is 10 percent a year
https://gyazo.com/a38cdcde543141b9fd8094a2253ab76b this says differently...
Ever read the actual bitconnect source ? Copy and paste with left in edits that says way different to what you just posted
https://github.com/bitconnectcoin/bitconnectcoin/blob/master/src/main.cpp#L1018
Quote
const int YEARLY_BLOCKCOUNT = 131400; //131400 block will execute with in 6months
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees)
{
//CBlockLocator locator;
int64_t nRewardCoinYear = COIN_YEAR_REWARD; //10% reward up to end
printf("Block Number %d \n",nBestHeight);
if(nBestHeight < YEARLY_BLOCKCOUNT)
nRewardCoinYear = 6 * COIN_YEAR_REWARD; //60% reward for 131400 blocks
else if(nBestHeight < (2 * YEARLY_BLOCKCOUNT))
nRewardCoinYear = 5 * COIN_YEAR_REWARD; //50% reward for 131400 * 2 blocks
else if(nBestHeight < (3 * YEARLY_BLOCKCOUNT))
nRewardCoinYear = 4 * COIN_YEAR_REWARD; //40% reward for 131400 * 3 blocks
else if(nBestHeight < (4 * YEARLY_BLOCKCOUNT))
nRewardCoinYear = 3 * COIN_YEAR_REWARD; //30% reward for 131400 * 4 blocks
else if(nBestHeight < (5 * YEARLY_BLOCKCOUNT))
nRewardCoinYear = 2 * COIN_YEAR_REWARD; //20% reward for 131400 * 5 blocks
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees)
{
//CBlockLocator locator;
int64_t nRewardCoinYear = COIN_YEAR_REWARD; //10% reward up to end
printf("Block Number %d \n",nBestHeight);
if(nBestHeight < YEARLY_BLOCKCOUNT)
nRewardCoinYear = 6 * COIN_YEAR_REWARD; //60% reward for 131400 blocks
else if(nBestHeight < (2 * YEARLY_BLOCKCOUNT))
nRewardCoinYear = 5 * COIN_YEAR_REWARD; //50% reward for 131400 * 2 blocks
else if(nBestHeight < (3 * YEARLY_BLOCKCOUNT))
nRewardCoinYear = 4 * COIN_YEAR_REWARD; //40% reward for 131400 * 3 blocks
else if(nBestHeight < (4 * YEARLY_BLOCKCOUNT))
nRewardCoinYear = 3 * COIN_YEAR_REWARD; //30% reward for 131400 * 4 blocks
else if(nBestHeight < (5 * YEARLY_BLOCKCOUNT))
nRewardCoinYear = 2 * COIN_YEAR_REWARD; //20% reward for 131400 * 5 blocks