I just invested $100 into a 299 day contract. Today's Volatility Interest Rate is 1.74%.
What happens next? I'll start reading up on what this all means but if anyone can help me, please leave a comment below.
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Now that you have invested, your money are locked for 299 days, at the end of the investment period you will receive your money back. Meanwhile you will get interest every day, at the same time the investment was made. The interest are given in dollars, not BCC or BTC. Every time you reach $10 you can do a 'reinvest' otherwise you can exchange the dollars in BCC (every amount), the BCC in BTC and send the BTC away from bit connect, back in your wallet.
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Thanks for explaining this. I have a question you might know the answer to.
The interest rate when I did my transaction is 1.74%. Do I get the same interest rate for the 299 days or do we just get whatever they decide each and every day.
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You get a different interest every day, some times it is even 0.00%-0.05%.... on average over a period of 30 days you get 0.8%-0.9%
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Thanks again.
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My pleasure as usual!
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https://bitconnect.co/?ref=karol003
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