Few days ago you could read on blog our “First Thoughts” article for BitVentures platform. As you remember the program offers three investment plans for those join and become an investor there. Let’s repeat a part of that article for those who might have forgetten:
BitVentures offers 3 daily investment plans for potential investors:
- 3% Daily For 10 days ( min. deposit – $10 ) + Principal Return
- 4% Daily For 20 days ( min. deposit – $2000 ) + Principal Return
- 5% Daily For 30 days ( min. deposit – $5000 ) + Principal Return
As you might have noticed, the difference between the minimum deposit amounts in these three plans is quite large. This is why I think that at least 80% of incoming investors will go to plan #1 (*10 days plan). Of course, over time, if BitVentures gains more popularity and demonstrates a stable workflow, the percentage of participants moving to the other two plans may gradually increase..
Now let’s start to do some math and our calculations. We take as an example the first plan (3% for 10 days).
As you know we always start with “working” days (days of accrual). We see Calendar days here, that’s why we don’t need any conversion factor of 30/22 (calendar days/business days).
We deal with a fixed interest rate of 3.0% per day for 10 days. Initial Deposits must be returned to investors at the end of plans. In most “Principal Return” type of plans, an investor gets a break-even point after the return of the deposit. Thus, we reach the break-even level in 10 days exactly…
To understand the net profit (in this plan as our example), you simply multiply daily profit by number of days. You have (3% x 10 days) = 30%, which is a net profit. If you want to know what the plan’s total gross interest is, you add your deposit as well. We take 30% – the net profit and add our deposit (100%), so that: 30% + 100% = 130%. Hopefully that kind of math can be done by anyone very quick.
We can check now if this plan can be considered as High, Medium, or Low – based on DNI (Daily Net Interest). I remind that all this stuff was explained in article #12, Part 3 and Part 4 under “Hyip Insights” of blog. I also remind you that most “Principal Back” plans have DNI equal to Daily profit. Quick check – we divide our Total Net Profit ( which is 30% ) by plan time frame – 10 days. We get the same 3.0% as you can see and it suits the DNI of High interest plans.
I am sure, using the math methods above it’s quite simple to calculate the same things for two other plans..
More of useful information will be contained in the second part of BitVentures review. Part 2 is coming soon. Please stand by…
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