Quote from: Drawde on February 07, 2018, 09:31:44 PM

Can someone please explain how term deposits work? The example on the website says a 12 month term-deposit would yield 593.8% giving 1,331 coins from a 1,000 coin deposit. It seems to me that even a 100% term-deposit yield would give 2,000 coins after 12 months but there must be something fundamental that I don't understand on how this is calculated and I can't see a detail explanation on the website.

I think that particular example on the website is for a 3 month deposit.

"In other words, if you had 1000 coins term-deposited in your wallet - 3 months later you would have approximately 1,331 coins. Term-depositing is a way for you to get even more return on your investment."

For a 12 month deposit you would receive an additional 5,938 coins at 593.8%. When you make a deposit the wallet will tell you how much you can expect at the end of your term before you confirm the deposit. Once you deposit, you'll also be able to see your deposits and returns in the overview section of your wallet. I've deposited my coins in for 12 months.