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FAQ

Here you'll find answers to the most common questions our customers ask. If you can't find your answer here, please email us at hello@myconstant.com and we'll be happy to help you.

How did you hear about MyConstant?
What is your favorite investing strategy?
What do you love most about us?
What features you think deserve more attention?
What could we do better?
How has your impression about us changed since you first joined?
How have we helped you in your investment journey?
Any tips for newcomers? (it can be about anything from KYC to secondary market orders)

General

MU
myconstant user2022-08-10 22:27
@miles2045 I'll also let you know a bit more about how our interest payments work. Just chatting with the technical team to get more info
MU
myconstant user2022-08-10 22:27
Thanks, I'll skim over the whitepaper tn
MU
myconstant user2022-08-10 22:27
Chris I'd appreciate more info on interest payments. It's a super interesting idea, but I'm afraid the consequence of that feature means only accredited US investors could use Constant
MU
myconstant user2022-08-10 22:27
@miles2045 Where are you located out of interest?
MU
myconstant user2022-08-10 22:27
New York
MU
myconstant user2022-08-10 22:27
Hey @miles2045 , sorry about the delayed response. So, to confirm, Prime Trust doesn't pay out interest, we do. It comes out of the net income we receive for converting Constant back into USD (you can see our pricing here: https://constant.money/static/pricing ). To calculate interest, we first calculate a daily rate. That means dividing the annual rate of 3.6% by 12, and then again dividing by the number of days in the month. We then apply that daily rate to the daily closing balance in your account. Note we don't pay interest daily, we just calculate it and note it on the system. Then, at the end of the month, we total up earned interest and pay you. I hope this answers your question, but don't hesitate to ping me another 🙂
MU
myconstant user2022-08-10 22:27
@miles2045 i'm actually in new york city the week of jan 28. would love to grab coffee to chat more if you have time!
MU
myconstant user2022-08-10 22:27
Hello, BearDog. Welcome to Constant. If you have any question. Please shout.
MU
myconstant user2022-08-10 22:27
MU
myconstant user2022-08-10 22:27
Thanks
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