Can someone please help me understand the lending math? From the whitepaper:
Lending amount
Interest (accured daily) Capital back
Beginner 100$-1,000$ Balance system 296 day
Investor 1,001$-6,000$
Balance system + 0.16% daily 180 day
Professional 6,001$-12,000$
Balance system + 0.25% daily 130 day
Master 12,001$-100,000$
Balance system + 0.4% daily 99 day
What exactly does 'balance system' mean here? If I'm to take it at face value at assume it means the time it takes me to make back my money in 296 days, then than means daily interest is about .235%
To be a Master lender, you get .4% payout on top of the balance system. So, that means I make .635%/day. The time it takes to make your money back in this case is 111 days, not 99 days.
What am I missing here?