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Claim rate: who and when define it?
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Author Topic: Claim rate: who and when define it?  (Read 1204 times)

alex04210

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Claim rate: who and when define it?
« on: March 08, 2016, 04:37:36 pm »

"Claimable" means it could be exchanged for amount of NXT which where initially blocked when a new reservable currency was issued. Right?

So if I invested 100 NXT to get 1000 of some let's say 'COINS' I can claim them back for 0.1 rate.

If I give 500 COINS to claim NXT I shall get 500*0.1 = 50 NXT back. Right?

 So the claim rate is constant and permanent and it is defined in the moment of issue, isn't it?

Just want to be sure because wiki seams not clear for me.

Thank's!

Отправлено с моего Elephone P4000 через Tapatalk

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lurker10

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Re: Claim rate: who and when define it?
« Reply #1 on: March 08, 2016, 05:12:23 pm »

Your calculations look correct to me.

Check for extensive MS documentation here:
https://bitbucket.org/JeanLucPicard/nxt/issues/205/monetary-system-documenation
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