Quote from: DisasterFaster on February 03, 2018, 09:18:48 PM

Quote from: AlexHilgertBRA on February 03, 2018, 08:42:59 PM

Estimated date is far away from correct date, for example, I made a deposit to 365 days in January 29, 2018, and it's estimated to May 13, 2019 which is 464 days by today. Is everything ok?

Yes everything is okay. When you do a term deposit the release date is based on the block chain having a block run every 2 minutes. Well because of the MIDAS algorithm and difficulty adjustment the block timing tends to run more than 2 minutes and last time I heard it was averaging something like 142 seconds.

When we think of time we think in hours, days, weeks, months etc. But the code thinks in terms of so many blocks. The code doesn't think of 1 day as 24 hours but rather it thinks of 1 day as 720 blocks. The code doesn't think of 1 year as 365 days but rather 262,800 blocks.

If you term deposit for 1 year you are term depositing for 262,800 blocks and it will take longer than 365 days for that many blocks to be added to the chain because the blocks are happening slower than 2 minutes if that makes sense.

We have increased the term deposit rates to offset this. Also, if you really want closer to a 1 year term deposit you can average the block timing and then term deposit the coins for X amount of blocks that should get you closer to the time frame you have in mind.

Got it! I figured out that I'll need to deposit approximately 270 days for reach 1 real year with 227.5% of interest, at this time.

Thank you!