The bot is already working and is paying out 100% of its earnings to delegators, burning 5% of Curation Rewards and giving to the largest delegator 15% of the Curation Rewards.
The difference between the current situation and when the bot reaches 100k SP will be that 45% of Curation Rewards (increasing the more SP the bot has) will be distributed among the 5 projects.
If you delegate now you would only have to wait for one round to end and then the next round will pay you, you would receive your first payout within 48 hours plus your welcome bonus which you can always claim through Discord in case we forget about it.