Delegators in the WorkNet Network

🚀 On the WorkQuest platform, one gets a chance to choose from one of the roles:
- validators,
- delegators,
- users.

Today, we would like to provide more detailed information about the delegator’s role within the network.

⚙️ Who is a delegator?

For the validator to start carrying out any activity within the network, they need to collect a sufficient number of tokens. The tokens are in turn converted into consensus power.

To receive enough voting power, investments are essential. These investments are provided by delegators wishing to gain benefits. When the delegators offer tokens to the validator, they receive a share of all rewards collection.

The more tokens the user delegates to a validator, the more rewards they receive.

📎 How the rewards are calculated

Share per token formula:
Shares per Token = validator.TotalShares() / validator.Tokens()

Token price per share formula:
Tokens per share = validator.Tokens() / validatorShares()

💰 Collecting rewards

Each new block distributes rewards for the previous block.

Let’s say we are at block 135 now. When creating the block, the rewards will be distributed among the validators for block 134. Let’s say we have 1000 tokens as rewards for block 134. If the validator has received 150 tokens, then 10 percent (the validator’s rate, which can vary depending on the settings) goes to a special pool of commissions accumulated from rewards; i.e., in this case, 135 tokens will go to the delegator reward pool, and 15 to the validator pool.

When getting the rewards, the delegator receives a share of the total number of tokens in the pool of delegators.

Attention: delegators can undelegate tokens from the validator and receive their funds back in 14 days. Funds can be undelegated at any time but no more than seven times per validator in 14 days.

If the validator receives a penalty, it is also imposed on all delegators.

🔥 Become a Delegator within the WorkNet network today and get a share of the validator rewards!
https://dao.workquest.co/validators

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