BitShares Forum

Main => Technical Support => Topic started by: abelljefrry on November 12, 2014, 06:01:49 pm

Title: Why all the delegates set their pay rate to 3%? Or my app not getting it right?
Post by: abelljefrry on November 12, 2014, 06:01:49 pm

Hello everyone,

I'm new to BitShares, just installed the app and registered my account yesterday.

While playing around the BTS client app yesterday, I noticed that the delegates average pay rate is around 85%. When I check again just now, it's 3%. And I think all of the delegates set their pay rate to 3%. May I know what is going on? And how will this affect the BTS market? Or there's something wrong with my client app?

Just wondering, trying to understand the whole mechanism behind BTS.

Title: Re: Why all the delegates set their pay rate to 3%? Or my app not getting it right?
Post by: svk on November 12, 2014, 06:05:24 pm

Hey and welcome. It's because of the hardfork that just happened, it implemented a change in how delegates are paid, from fees before to an inflation model now. Because of this all delegates had their payrate set to 3%.

Title: Re: Why all the delegates set their pay rate to 3%? Or my app not getting it right?
Post by: abelljefrry on November 12, 2014, 06:17:24 pm

Quote from: svk on November 12, 2014, 06:05:24 pm

Hey and welcome. It's because of the hardfork that just happened, it implemented a change in how delegates are paid, from fees before to an inflation model now. Because of this all delegates had their payrate set to 3%.

Hey thanks for the explanation. That clear the air for me. I thought there's something wrong with my client app. LOL.