Steemit question from a nubcake - [Q1]! PLEASE HELP :P... & Thx in advance
Steemit question from a nubcake!
I put 35.158 SBD into savings a little while ago expecting my APR to change from 0% to anything above 0% LOL... I know some things have changed over time and a lot of the videos on YouTube that I have watched to learn about stuff are probably no longer relevant. I do remember somebody saying that there used to be a 9% interest rate when you put your coins into savings, but I don't see any interest rate being shown and I just want to be certain, if my coins are going to be stuck in savings. Seeing as there is still a 3-day penalty period for withdrawing your coins from savings, what's the point of putting your coins into savings if there is no reward and only a penalty? I'm kind of confused by this more than anything atm... I know I have more questions but none of them are coming to mind at the moment because this one is perplexing the heck out of me! I'll post another blog if I can remember the other questions.
The Crypto Alchemist
Weapons Grade Media
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Im new here. Not sure how this works im still learning, there was that other guy jerrybanfield talking about APR but by delegating power or something not just putting them in savings. Not sure in what video it was but browse hes content you will find it.