Quote from: Pandur on December 02, 2017, 09:01:16 PM

Quote from: jules.verne on December 02, 2017, 08:15:45 PM

Quote from: Pandur on December 02, 2017, 07:42:44 PM

would someone explain me how bank rewards works cuz i seem like not getting it, here is why:
choosing the daily park rewards you with 7*0,21 a week and that's=1,47%. but if you choose weekly parking, they would reward you 4*5,1 a month=20,4%, while monthly parking only rewards you with 8,6%. in this case why would someone park them for 1 month straight? maybe i'm not getting it

The parking rates are adjusted by the MinexBank algorithm depending on the current MNX price. I will not keep the interest rate of 5.1% for the lifetime since its the most profitable rate right now - people will likely use it and not be selling their coins for one week and that will affect the demand and supply on exchanges. If the price goes very high, then the rewards will be adjusted to much smaller values - ad so you'll be happy to get your 8.6% and not 5.1%+3*0.1% (exaggerating to give you an example). The algo tries essentialy to ensure low coin volatility by rewarding its holders with variable rates.
Feel free to read MinexBank: Smart Algorithms section of the WhitePaper for more details.

actually this was my dilema, so if i park my mnx NOW for 70% a year, even they change it to 30% i'm still getting 70% as parked right?

jep