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Core DAO users seek clarification on actual delegating rewards; says Annual Percentage Rate (APR) not accurate

More than 200 countries’ worth of CORE users are currently looking for information on the precise or genuine incentives they might get by transferring their holdings to any active validator of their choice, with regard to the APR (Annual Percentage Rate).

According to the Core Chain MainNet explorer website, the decentralized Validator Nodes for CORE are configured and the delegating functions are enabled.

Holders and users of $CORE are eligible to participate in staking by transferring their holdings to any active validator of their choice. Validators are responsible for creating blocks and validating transactions on the Core Network.

In general, the variable ratio of the APR is the main cause of users’ potential inability to obtain an exact assessment of the daily rewards prior to delegating their $CORE. First of all, the Core Chain Protocol does not support APR as a reward measurement. You still can’t predict your prize in advance because the Core protocol distributes awards daily rather than annually.

On the Core chain, nothing is fixed between Validators and Delegators. The algorithm cannot predict your future move because you have the freedom to make frequent modifications based on your choice at any time.

On the Core chain, rewards are not predetermined. In other words, the rewards Validators receive are not the same every day because the transaction fee source of reward fluctuates based on the volume of transactions processed each day, and block production rewards fluctuate based on the number of times a validator had the opportunity to validate transactions.



Written by T.I Ukende

T.I Ukende is a professional writer and ICT consultant. He has written many evergreen articles for Benuecast blog, classicgist, ellabase and many others before birthing the newsway blog.
Newsway delivers well researched and undiluted information on business, employment opportunities, personal finance and government empowerments.

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