🤔FAQ
How much should I invest?
It is totally up to you to decide how much you invest. A general rule of thumb is that the more you save for your retirement, the quicker you can retire.
We suggest saving at least 10% of your income for your retirement. It would be wise to build other retirement income streams besides Carpe Diem Pension. Our recommendation is to allocate a maximum of 50% of your retirement allocation into Carpe Diem Pension.
This is not financial advice. If you seek financial advice, consider consulting a financial advisor.
How much does Carpe Diem Pension pay out?
Approximately between 4 and 10% a year in CDP. This amount is newly created and won't affect your pension collateral.
Why is the payout so low, and how can I possibly retire from it?
The payout is mined and creates inflation on CDP. This inflation adds up to 4.32% a year, and is spread across those who deposited CDP into a personal pension.
Carpe Diem Pension can be seen as a hybrid investment and pension. As CDP is freely traded on the market, it could potentially grow in value. This has a direct effect on the value of your pension. Similar products have performed really well, and blockchain technology has been in a stable uptrend for a long time.
Will I get a lower pension income if the price of CDP goes down?
Yes. However, Carpe Diem Pension is designed with a long-term vision in mind. There are multiple factors that could stimulate a long-term upwards movement. During years of temporary downwards momentum, your monthly deposit buys more CDP. This increases your pension income later.
What can I do if I lose my login details?
With cryptocurrencies, you decide who you share your details with. Make sure to construct a backup plan and be sure that it is safe and inaccessible to people with bad intents.
You could subscribe to the "Ledger Recover" service if you have a Ledger device. This service shards your information and shares it in an encrypted way with multiple companies. To retrieve your information, you would need to prove your identity, just like with a traditional bank.
There are large risks of being scammed or hacked. We strongly recommend using a hardware device. However, this won't protect everything. Don't share your sensitive information with people you only met on the internet, even if they're pretending to help you. Create multiple addresses for multiple purposes. Every interaction with a website could be malicious. So, create a separate address that you only use to interact with Carpe Diem Pension.
Is Carpe Diem Pension officially registered as a pension fund?
No. Technically speaking, Carpe Diem Pension isn't a pension fund, but rather a product that shares some similarities to a traditional pension fund. Because Carpe Diem Pension works in a totally different way and isn't controlled by a centralized party, it is unlikely that it will ever be registered as a pension fund.
How can I withdraw my pension collateral from Carpe Diem Pension?
Depositing into Carpe Diem Pension is permanent. There is no way to withdraw and receive your collateral from the system. Be aware that your collateral can be removed from the system if you have been inactive for over 3 years. This still doesn't return your collateral to you. Deposits are burned forever.
Is there a roadmap?
Why we will not publish a roadmap:
Carpe Diem Pension is a functional product that continues to run without the need for a company or "team".
A roadmap often stimulates people to have expectations, which is something we want to avoid.
We want to reduce "buy the rumour, sell the news" effects on the market.
We believe that having no roadmap stimulates community effort, and ultimately makes the whole ecosystem more decentralized.
Our announcement strategy:
Our goal is to keep pre-announcements to an absolute minimum
Announcements are made for events that have already happened
The above has been our view and strategy since the beginning. We're very happy to see a positive result after the launch of Carpe Diem Pension. The launch wasn't announced anywhere, and thus, there was no "hype" before it. This gave the creators space to breathe and quietly set up everything, and gave the community a very welcoming new year surprise.
I want to build a Carpe Diem Pension for my employees. Who can I reach out to?
We understand that managing multiple pensions can be a tedious task, especially when you have limited knowledge of blockchain technology. We are happy to help you with a custom solution. Please write us an email at info@carpediempension.com.
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