How does Pluang Cuan distribute the yield from interest rates?

Every day, Pluang Cuan will calculate how much yield you deserve at 07:00 WIB, the result of this calculation you will receive on the Pluang platform at 22:00 WIB.

Here is the formula for calculating Pluang Cuan:

[Total Assets owned x (1 + Interest Rate) ^ (1/365)] - Total Assets owned]

Example:

On January 10 at 07:00 WIB, the amount of BTC you own is 0.0015 BTC, so you are eligible to get an APY (annual interest rate) of 1% with the following calculation:

[0,0015 x ((1 + 1%) ^ (1 / 365))] - 0,0015 = 0,00000004089 BTC

• 0.0015 = BTC units you own.

• 1% = APY interest you will get in a year

• 360 = the number of days in a year

Then at 22:00 WIB on the same day, your Bitcoin balance will increase by 0.00000004089 BTC units. As long as you maintain that balance, you will get yield every day.