Hi @smooth,

Thank you for your answer, I appreciate it as I'm sure you have answered lots of people on this post.

If you don't mind indulging me for another couple of questions/points.

Firstly, I can't think of what applications charge a fee to request to join, and then perhaps turn you down and keep your funds, can you give an example where this is the case please?

Like you said, all businesses have risks, and by me calling it gambling I am in no way trying to be condescending. I'm just pointing out that if you pay money to maybe get delegation, then that is like making a bet which may or may not pay off.

Of course you could say that any investment is like that, however if I buy shares today, they may lose 10 or 20% of their value tomorrow, but at least I can cash out.

Any bet that threatens to take 100% of my money immediately, or pay me back X% is a very high risk bet.

PS: I'd like to say that since I made this comment, @starkerz has made me aware that the 100SBD would only be for old projects trying to renew delegations and that new delegation application fees will be significantly lower.

Cg