Re: [ANN] {CredenceCoin} - CRDNC - Lending-Staking-Referrals-Mining
1% per day is too less. BTC increases more. Why should we convert BTC to lend to you at 1%? No wonder the price is crashing.
LMAO no it is NOT too low, and BTC does not even come close to that return. A $10,010 loan at 1.3% daily (1%+.3% bonus) would be worth $549,880 in 1 year. That is almost a 55x gain in a year BTC doesn't match that.Your math is way off..
$10,010 x .013 = $130.13 per day.
Multiply that by 365 = $47,497.45
Of course if you re-invest daily that amount will be much more, but nowhere close to what you stated.. That said I'm fine with the "low" interest payments if it gives the platform long-term sustainability.
Ok my bad. I guess I underestimated the power of compounding interest.
Those numbers look nice!
You guys are getting the maths wrong. It says MAX 1% per day. That is far away from a guaranteed 1% per day. The average may probably be around 0.6% per day. And you won't get 0.3% bonus on the reinvest. Anyway 0.6% average is way less than even bitconnect, forget about competing with hextra.
And yeah unless the owner is your spouse, it would be foolish to be reinvesting for 6 months