Compound Interest Equation

Estimated reading: 1 minute

Mathematical equations of the $NOVO APY & APR

Info

Epoch: This is a specific period of time within a blockchain network.

A = P (1 + r) ^n

We have: r = 0.000079%

3 second = 1 epoch

1 year = 10512000 epochs

Therefore:

A = P(1 + 0.00000079)^{10512000} = P(1+4040.9265)

Meaning:

APY =(A/P -1)*100 =404092.65\%

The same applies to all other time periods:

A MONTH = P(1+0.00000079)^{20*60*24*30}=P(1+0.9789367)

A WEEK = P(1+0.00000079)^{20*60*24*7}=P(1+0.1726474)

A DAY = P(1+0.00000079)^{20*60*24}=P(1+0.02301279)

AN HOUR = P(1+0.00000079)^{20*60}=P(1+0.00094844)

A MINUTE = P(1+0.00000079)^{20}=P(1+0.00001580)

$NOVO tokens are rewarded EVERY 24 HOURS, 1.3% daily with 97% annually.

The Novoos project divides the rewards into smaller portions and gives these rewards every 24 hours based on percentage of an investors $NOVO holdings.

$NOVO

Did You Know?

Compound Interest Equation

Mathematical equations of the $NOVO APY & APR

Info

$NOVO WIKI CONTENTS