BitShares Forum

Main => General Discussion => Topic started by: BitAsset on July 20, 2014, 06:02:11 am

Title: Daily Income and Daily Expenses?
Post by: BitAsset on July 20, 2014, 06:02:11 am

Hello

What are Daily Income  and Daily Expenses ? How it works?

also how to calculate APR ?

thanks

Title: Re: Daily Income and Daily Expenses?
Post by: puppies on July 20, 2014, 06:49:02 am

Daily income is the total amount of fees collected by all delegates.

Daily expenses is the amount of those fees kept by the delegates.

Most delegates are currently keeping 100% of the fees.  The idea is that these fees will be used to improve the network.  There are also other groups that want to offer kickbacks of these fees to people that vote for them.

Outside of individuals that have proven their worth and ability to improve the network, I am a fan of delegates with low fee percentages, and a higher burn rate.