Quote from: whirlwindmoney on Today at 01:45:49 PM

Quote from: Nwada001 on Today at 01:14:07 PM

If I understand correctly, the explanation is simple: all one has to do is deposit and hold it on their balance, and the reward will be calculated based on their period of holding.

My question is, since it's nothing like staking, if one
decides to deposit today and can't be patient enough to wait for a full month, how will the reward be calculated? Will there be no reward for such a depositor?

Will there be any form of fee deduction or what so ever? I can't see any information regarding fees here. I know if one wants to withdraw back to an address fee needs to be charged to cover up the transaction, that's the not fee am asking of.

It's quite similar to a staking system, rewards are distributed daily to your Note so you don't have to wait for a full month to access them.

For example if you have a Note with a balance of 1BTC you will receive 0.00033333BTC every day added to your balance, so 0.01BTC a month in total. After a day your Note balance would be 1.00033333BTC and so on until you withdraw. You could deposit today, wait for a day, withdraw and you would still get to keep the rewards for that day.

At the moment there are no fees on Whirlwind, not even for on-chain withdraws. Unless you choose to donate voluntarily it's completely free to use and all fees are on us. We will update the FAQ in the second post with more information

Alright, thanks for the clarification. I understand it much better now, and it's really nice that you are operating a very transaction-free platform. I thought it was just temporary when you implemented it last time. Keep up the good work, and I will try this out and get some daily rewards for why I'm still exercising my holding exercise.