BitShares Forum

Other => Graveyard => DevShares => Topic started by: kokojie on January 28, 2015, 03:34:33 pm

Title: How to register a delegate?
Post by: kokojie on January 28, 2015, 03:34:33 pm
When I'm trying to register as a delegate, the system is asking me for 600k DVS as fee, how am I suppose to get that much DVS? my entire vested DVS balance from importing my BTS wallet, is 169k
Title: Re: How to register a delegate?
Post by: svk on January 28, 2015, 03:51:25 pm
When I'm trying to register as a delegate, the system is asking me for 600k DVS as fee, how am I suppose to get that much DVS? my entire vested DVS balance from importing my BTS wallet, is 169k

The fee is about 10x higher in DVS than BTS. What you can do is simply register a delegate at lower than 100% fee, you should be able to do 28%.
Title: Re: How to register a delegate?
Post by: cryptosile on January 28, 2015, 04:17:00 pm
Later if you update the registration. To a higher pay rate does that invalidate all the votes?
Title: Re: How to register a delegate?
Post by: robrigo on January 28, 2015, 04:27:26 pm
Later if you update the registration. To a higher pay rate does that invalidate all the votes?

You can only decrease your pay rate, to increase it you need to register a new delegate at the desired pay.
Title: Re: How to register a delegate?
Post by: kokojie on January 28, 2015, 08:19:06 pm
When I'm trying to register as a delegate, the system is asking me for 600k DVS as fee, how am I suppose to get that much DVS? my entire vested DVS balance from importing my BTS wallet, is 169k

The fee is about 10x higher in DVS than BTS. What you can do is simply register a delegate at lower than 100% fee, you should be able to do 28%.

oh I see, it's proportional to the pay rate, thanks