Total newbie question:
Delegates have pay rates. What does this mean?
Does it means they destroy new funds, they keep them or something else?
What if pay rate is 50%?
How can these rates be verified by me? Some website or similar?
In the BTS system there are 3.7Bill shares.
About 2.5Bil of them are already distributed to people/addresses and the rest are left sitting in future blocks.
In every future block there are 50 new shares (BTS). Each delegate producing that block can claim up to 100% of these 50 BTS (but to that he must be included in the top 101 as 100% delegate!).
A 50% pay rate simply means the delegate will claim/get only 50% of the max 50 BTS of each block he produces and destroy the rest of those 50 BTS. In other words a 50% delegate promises to destroy (100% minus his pay rate of 50%) of the BTS found in any block he produces.