Quote from: LEOcoin Foundation on June 21, 2016, 04:11:19 PM

Quote from: wildduck on June 21, 2016, 06:25:03 AM

They don`t need new wallet this can make pos like "LEOcoin Foundation" says. LOL Cheesy

The current wallet does stake, as LEOcoin is still a mixed POW/POS generated digital currency. However, the stake interest in the new wallet will be higher as with the old one, who has only a stake interest of 4% of the POW created LEOcoins. New stake interest will be going up as high as 20%, depending on your stake size.

If you e.g. have a wallet with 10,000 LEOcoin, you will receive 15% stake interest, or 1,500 LEOcoin annually. To currently mine 1,500 LEOcoins, you need a RIG (5xR280x) working one year, using about 7,000 Kwh, 'producing' a nett worth of 1,500 * 0,20 = 300, without electricity cost being covered.

If you however purchase 10,000 LEOcoin for 2,000, you get 300 stake interest. Without electricity. After 7 years, (LEOcoin price remaining unchanged) you have your investment back (and no depreciation on your RIG).

This is what it is. If you like it or not, is up to you.

Centralized wallet staking service? Recipe for disaster. And you're offering 'higher' rates.... LEO is already scammy enough.

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