exactly :) if you've got a delegation, as you said.
depending on the fee structure, it may favor existing projects too much.
actually quarterly renewal may be also too frequent.
personally i don't care too much about this process, but I just made some comments as a fan of steem.
But, if you need to renew you have a delegation anyways.
But if your point was that 100$ is too much for new applicants, I 100% agree