Just a bit of a tip here, when you deposit funds into the bank it resets the 24h countdown. So the best time to drop more in to the bank is just after you hit the interest button.
Yeah but if the posts are any good they'll get reactions which gives additional points. If you make 15 decent posts that each get a handful reactions then suddenly you have a lot more than 75 LC.
You have to deposit funds into the bank to make interest
You have to click the collect interest button to receive your interest
The more you have, the more you make
I posted this on the + forums but it occurred to me that it would be helpful for those who can't access that yet to be able to see it.
I deposited yesterday and collected interest today and this is my recommendations on how to use the bank. If you are trying to gain coins I would strongly recommend using it as compounding interest will add up with time. Please note your milage will vary depending on the amount you have to work with. However this works the same as the real world. The more you have the more you earn.
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So basically, you deposit funds, wait 24h and then click collect. The interest is then added to your bank instead of your wallet. Which I like as this leads to compounding interest, without out having to deposit funds unless you want to. From now on I will probably also add my wallet funds after collecting interest to further increase this. Please note that this should be done only after you collect interest instead of before as it will reset the interest clock.
Assuming you reinvest and collect every day without adding more on top from your post and received likes:
30 Days:
Start with 100 LC end with 134
Start with 1,000 LC end with 1,347
Start with 10,000 LC end with 13,478
60 Days:
Start with 100 LC end with 181
Start with 1,000 LC end with 1,816
Start with 10,000 LC end with 18,166
However adding coins on top every day really changes things:
30 Days:
Start with 100 LC, add 100 every day on top of interest, end with 3,613
60 Days:
Start with 100 LC, add 100 every day on top of interest, end with 8,348
That calculation doesn't seem right to me. If the daily interest is 2%, then in 30 days I will get 181 LC. The results you give apply to an interest rate of 1%.
That calculation doesn't seem right to me. If the daily interest is 2%, then in 30 days I will get 181 LC. The results you give apply to an interest rate of 1%.
Well I only made one deposit of 40k around July or August and the rest is just interest, as for the spare change in my wallet, that is just coins that I withdraw that doesn't round up to 10k.