Silvering Precious Metals LLC and Soothing Coin as major and minor owners of AltcoinN https://altcoinn.com announced staking program for STHC.
- AltcoinN accepts STHC as investing currency at 0.02 USD/STHC starting on 1st of October 2020
- Investing limits and the STHC value for interest calculation are updated monthly.
- Minimum investment is 50,000 STHC (worth 1000 USD as of 1st October 2020)
- Maximum investment is 100,000 STHC (worth 2000 USD as of 1st October 2020)
- Every investor can invest only one time, because the investment process requires filling out a Google form and KYC on https://soothing.cash.
- Interest rate as of 1st October 2020 is 3% annually (investing time 1-5 year).
- Payout every 6 months in BTC or ETH.
The monthly interest is calculated with the following formula:
Investment amount * STHC value * annual interest rate / 12
STHC value is measured in USDT and is the average USDT/STHC exchange rate during the month.
For example, suppose in a particular 30-day month, STHC exchange rate is 0.2 USDT for 15 days and is 0.1 USDT for the other 15 days, the STHC value (i.e. average USDT/STHC exchange rate) is (0.2 + 0.1) / 2 = 0.15 USDT. For a 100,000 STHC investment, the interest of the month is 100,000 * 0.15 * 0.03 / 12 = 37.5 USDT.