Re: 🚀[ANN][PoSToken]First PoS Smart Contract Token[Lending Platform Luanched]
The first time i mined I got 17 POS will i get more POS with the same coinage since my balance has increased through minted POS (provided I didn't send any POS out of my wallet)
Yes, if you swap word coinage with time. Coinage already has your amount of tokens taken into consideration.
Very simplified math:
Your starting balance is 365 PoS, with interests rates of 100 % for first year that means you are entitled to 1 PoS per day. Let's say you mint after 60 days and receive 60 PoS.
Your new balance is 435 and now you are entitled to roughly 1.16 PoS per day
Disclaimer: I am currently sick with high temperature and doing this in my head not using calculator so sorry if I put some wrong numbers
You should get the idea for sure.