Crypto Delegate - The First Tezos Delegate
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Rewards Update!
Tezos Blockchain total inflation rate +20 basis points!
(Currently approx 5.00% + .20 = 5.20%) *
Subject to constant change depending on blockchain performance and "Luck Percentage".
*RATES UPDATE - April 2020:
Please Note: The Tezos blockchain inflation rate has dropped below the point where we can maintain our fixed "Year 1" promotional payment rate. Therefore, we have reverted to our standard dynamic payment rate of return to match the current total Tezos annual inflation rate plus 20 basis points! This payment rate moves dynamically with the blockchain inflation rate and the average "Luck Factor" that the blockchain assigns to each baker each cycle. This is a 20 basis point increase from our prior promotional rate of "Year 1 inflation plus 0 basis points".
We also provide instant XTZ compounding due to our unique app.CryptoDelegate.com profile login. Instead of waiting 12 cycles to get compounded XTZ, we instantly compound your profile balance each cycle.
As always we still pay out to our clients 7 cycles before we even bake the blocks and 12 cycles before the blockchain pays us! You get your XTZ over a month faster than most other Tezos bakers! We are still by far the fastest payout in the entire Tezos ecosystem! This matches the Tezos Docs Inflation calculations and is reflected on TZStats.com "Staking Activity - Inflation" section.
Actual XTZ rewards will always go down for ALL Tezos bakers over time as the Tezos Blockchain inflation rate decreases each cycle. This is natural and part of the Tezos blockchain design.
Each Year the whole Tezos blockchain is about 94.5% efficient, therefore generating about 39.774M XTZ out of the max possible 42.077M. Even if a baker has a 100% successful baking record, that baker will still earn less than 100% because endorsing rewards per block are sometimes reduced due to OTHER bakers missing their baking slot.
By Tezos design, the overall blockchain Non-Dilutionary rate drops very slightly each minute of every day.
Yearly Rate - MAX Possible:
Year 1 Start = 42M / 763M = 5.51%
Year 2 Start = 42M / ( 763M + 42M) = 5.22%
Year 3 Start = 42M / (763M + 42M + 42M) = 4.96%
Year n = ((763M + (42M * n)) / (763M + (42M * n-1)) = MAX Possible Inflation Rate
Yearly Rate - REALIZED:
Year 1 Start = 39.774M / 763M = 5.21%
Year 2 Start = 39.774M / (763M + 39.774M)) = 4.95%
Year 3 Start = 39.774M / (763M + (39.774M * 2)) = 4.72%
Year n = 39.774M / (763M + (39.774M * n-1)) = REALIZED Inflation Rate
Daily Inflation Rate Calculation:
D=Days since June 30th 2018
(80*60*24*365.25) / (80*60*24*D+763,306,930) = Instant MAX Inflation Rate
(80*60*24*365.25) / (80*60*24*D+763,306,930) * 94.5% = Instant REALIZED Inflation Rate
Please see the Tezos Docs Inflation calculations and TZStats.com "Staking Activity - Inflation" section for more details.
*rates subject to change at any time.
Please Note: The Tezos blockchain inflation rate has dropped below the point where we can maintain our fixed "Year 1" promotional payment rate. Therefore, we have reverted to our standard dynamic payment rate of return to match the current total Tezos annual inflation rate plus 20 basis points! This payment rate moves dynamically with the blockchain inflation rate and the average "Luck Factor" that the blockchain assigns to each baker each cycle. This is a 20 basis point increase from our prior promotional rate of "Year 1 inflation plus 0 basis points".
We also provide instant XTZ compounding due to our unique app.CryptoDelegate.com profile login. Instead of waiting 12 cycles to get compounded XTZ, we instantly compound your profile balance each cycle.
As always we still pay out to our clients 7 cycles before we even bake the blocks and 12 cycles before the blockchain pays us! You get your XTZ over a month faster than most other Tezos bakers! We are still by far the fastest payout in the entire Tezos ecosystem! This matches the Tezos Docs Inflation calculations and is reflected on TZStats.com "Staking Activity - Inflation" section.
Actual XTZ rewards will always go down for ALL Tezos bakers over time as the Tezos Blockchain inflation rate decreases each cycle. This is natural and part of the Tezos blockchain design.
Each Year the whole Tezos blockchain is about 94.5% efficient, therefore generating about 39.774M XTZ out of the max possible 42.077M. Even if a baker has a 100% successful baking record, that baker will still earn less than 100% because endorsing rewards per block are sometimes reduced due to OTHER bakers missing their baking slot.
By Tezos design, the overall blockchain Non-Dilutionary rate drops very slightly each minute of every day.
Yearly Rate - MAX Possible:
Year 1 Start = 42M / 763M = 5.51%
Year 2 Start = 42M / ( 763M + 42M) = 5.22%
Year 3 Start = 42M / (763M + 42M + 42M) = 4.96%
Year n = ((763M + (42M * n)) / (763M + (42M * n-1)) = MAX Possible Inflation Rate
Yearly Rate - REALIZED:
Year 1 Start = 39.774M / 763M = 5.21%
Year 2 Start = 39.774M / (763M + 39.774M)) = 4.95%
Year 3 Start = 39.774M / (763M + (39.774M * 2)) = 4.72%
Year n = 39.774M / (763M + (39.774M * n-1)) = REALIZED Inflation Rate
Daily Inflation Rate Calculation:
D=Days since June 30th 2018
(80*60*24*365.25) / (80*60*24*D+763,306,930) = Instant MAX Inflation Rate
(80*60*24*365.25) / (80*60*24*D+763,306,930) * 94.5% = Instant REALIZED Inflation Rate
Please see the Tezos Docs Inflation calculations and TZStats.com "Staking Activity - Inflation" section for more details.
*rates subject to change at any time.
Tezos transaction Fee Policy: We bundle together ALL earned Tezzies when we factor in the payment rewards that we offer. This includes Baking Rewards, Endorsement Rewards, Denunciations, and Transaction Fees.
Currently, we do not expect transaction fees to be a meaningful source of income. Since the beginning of the Tezos blockchain, as of July 7th, a grand total of only 25.9 XTZ have been generated from fees for the WHOLE Tezos ecosystem. That would be like every Tezos owner getting .000000034 Tezzies as a fee split. This is because transactions currently work just fine with zero fee because baking and endorsement rewards dominate node incentives. If transaction fees start to become meaningful, we will certainly consider incorporating larger fee sharing into our payment structure.
Currently, we do not expect transaction fees to be a meaningful source of income. Since the beginning of the Tezos blockchain, as of July 7th, a grand total of only 25.9 XTZ have been generated from fees for the WHOLE Tezos ecosystem. That would be like every Tezos owner getting .000000034 Tezzies as a fee split. This is because transactions currently work just fine with zero fee because baking and endorsement rewards dominate node incentives. If transaction fees start to become meaningful, we will certainly consider incorporating larger fee sharing into our payment structure.
**Optimal Network Conditions: APR is calculated based on block and cycle count, not clock time. Each blockchain cycle is 4,096 blocks and each blockchain year is 525,960 blocks. (60 * 24 * 365.25) When the Tezos blockchain reaches its target of one block per 60 seconds then a Tezos Year equals a Calendar Year. If average blocktimes increase beyond the 60 second target then a Tezos Year ends up taking longer time than a Calendar Year and therefor will impact the APR calculation. Our rate is quoted as a Tezos Blockchain APR which takes 525,960 blocks to complete one "year" regardless of the amount of time it takes for those blocks to actually be baked. This equates to approximately .0429% per cycle.
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Please Note: CryptoDelegate.com and CryptoDelegate LLC is not a crypto token exchange. We do not provide any method of purchasing, selling, or trading any type of blockchain coins or tokens. We also do not give any financial advice or recommendations. Invest in crypto currencies at your own risk. Our payment system is on a closed loop. This means we do not have any means of receiving or transferring tokens from a client to a third party or visa versa. Payments can only be sent to the original delegator. We do not store crypto tokens on behalf of our customers. Any tokens that we generate and hold in our hardware wallets are property of CryptoDelegate. Token ownership transfer happens immediately upon the Tez tokens being sent and received from CryptoDelegate to the client. If you wish to transmit crypto-tokens to a third party, you must send directly from your personal wallet or use some other method.