Question about the stake...
So its 10% annually. And it takes 10 days for the coins to mature... So does that mean that after 10 days, the coins I have put in my wallet will mature and give a 10% return? Then I have to wait 12 months for another 10% return?
Am I understanding this correctly?
Staking is not exactly like an annual interest at a bank. It is more like mining, but in this case staking an annual 10% means that you have to get 10% interest for your stakable coins within 365 days! So you won't get the 10% right at your first stake, but a fracture of it. If you open your locked wallet every month then you will have larges stakes for a few hours then you have to close the wallet and wait 10-30 days to do that again. So that I heard, this is one of the best method to get fine amount of stake...
I dont understand the logic behind this.
The other makes sense now though, thanks.