Steemit Crypto Academy S5 - STEEM & TRON - Homework Post for Task 2
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(1) What is PoB? What does curation mean to you in Steem Blockchain? What are the benefits of building SP? How do you explain self-upvote as a good or bad social behavior & why? Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)? What are the different tokens do you earn by socializing in Steem Blockchain? How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?
a) What is PoB? What does curation mean to you in Steem Blockchain?
It is the mechanism used to generate income within the platform, through this we will obtain the rewards, we make use of our brain to make quality content and thus increase our remuneration thanks to our intellect as creativity.
The Steem blockchain is based on the Blockchain system, this account with tokens that accumulate at a rate whose inflation is every certain 3 seconds and with its main token called Steem created by Steemit Inc.
Proof Of Brain known by its acronym in English which means "Brain Test", whose concept is based on the rewards that are obtained in a margin of the totality of 65%, the own or weighted characteristics of participation (SP), this added plus the wisdom that each one possesses as a human being.
For the growth of the platform in its reward system as content creators, we must know the use of the Votes for and Against, the reward will be distributed when we give the button (Upvote) of Vote in Favor there will show us that we have an amount for the votes obtained Subject to weight in SP, we also have to keep in mind that the rewards will be redistributed when you vote against (Downvote) here the rewards will depend on the power of influence as the weight of the SP bet. It is very important to be clear about all this because the healing rewards will be earned only if you have the positive vote otherwise we will not get anything.
What does curation mean to you in Steem Blockchain? What are the benefits of building SP?
When we view a publication we must take into account determining factors to know if the content is of quality and meets the requirements of the cure, in this way we know whether or not it can count on our support.
Now as we know if it complies or not with the established, well, first of all, we must read the post well verify that the content agrees with the title for that we read the publication completely, see that it is original the more we are honest in what we do will be better so we have to tell the truth how to place their respective quotes if it is the case to avoid plagiarism, the source must be reliable and give its respective credentials to its owner. We will realize the value of it by doing all this, already being ready prepared knowing that the content is a good contribution to the community we can Vote it, comment on it, make redeem and in this way we will make that content more valuable.
What are the benefits of building SP?
There are many benefits that we obtain by maintaining a good SP (Steem Power), I think we must see as something necessary an investment that can give us very good profitability, that will help us to grow it, if we want to grow in the platform we have to keep in mind the power we have having a necessary amount of SP. It is the power of influence that you have to give a weight through the votes, with them we can strengthen the community in general, we will enjoy long-term benefits thanks to our Steem Power.
We can also create communities when you have a high sum of SP, and note that within the platform you will also get TRX as a reward that will be added to our wallet thanks to the different activities we exercise in Steemit.
We must always keep our account with a high amount of SP (Steem Power) this is of vital importance, since it is more than clear its profitability and usefulness within the community.
How do you explain self-upvote as a good or bad social behavior & why?
As we well know what the brain test is, voting for our own publications would not make sense, because it would lose the quality of it, since when we publish content we do it in order to be evaluated to the taste of those who see our post positively and we would be taking away that support at the same time from those who wish to vote for us, seeing us as inconsiderate, to those who give us their support through healing. That is why we must not make that serious mistake, let us be the guarantor of good content and for that we let them be judged by the community through their votes.
Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?
Those of us who are in the world of Crypto must always be updated with the prices of the coins, their rises, their descents, if it is time to sell or hold, or if we want to take advantage of investing and buying when they are down. In the Coinmarketcap we can see the market capitalization of cryptocurrencies, it is a reference on the reports and movements that are made offering the statistics of the same.
Now I will visit https://coinmarketcap.com firstly
Being there if we slide and we can see a range of the cryptocurrencies, to search for Steem in the easiest way in the upper right in Search we place the name and we will proceed to it.
At the time I'm writing this post, you can see a price of $0.4288 in a bit price increase of +2.15%, the range is at #330 and a Market Cap of $169,291,594
What are the different tokens do you earn by socializing in Steem Blockchain?
We have the main token of the platform as it is Steem, but also for the activities we do in the community we can get 3 tokens, the tokens we can earn are SBD, SP, and TRX.
SBD: The Steem Dollar is a token that we are given as a reward by curating our post. It is with this token that you can make the exchange to the Steem coin in the platform market. It should be noted that the reward system for healing is based on 50% to the curator and 50% to the content creator.
SP: The Steem Power, is the power or influence that we have, through the PowerUP that we do we can increase our SP mostly. These are won through the voting system (the votes obtained in our favor).
TRX: Tron is another token that can be added to the reward system, based on Tron Blockchain, transfers from it only consume bandwidth. 1 other is equivalent to 1SP.
Their publication setup is usually 50% SBD and 50% SP, authors will be rewarded only with SBD, SP and TRX while curators will only be rewarded with SP.
How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?
Working hand in hand Tron with Steem since 1 TRX is equal to 1SP but with two completely different blockchain systems, at the moment we store my TRX tokens in my Tronlink wallet so I increase my profits in the ecosystem every time the TRX rises in value and in this way I will be completely optimizing my rewards.
In addition to that, I freeze my TRX in my Tronlink Pro app, and then I can earn some reward by staking. That's a good opportunity to earn some reward without additional effort.
Steem blockchain is an amazing decentralized platform where we can earn more than 3 different coins. Here we can use our brain directly to earn crypto currencies and it can be simply defined as Proof of Brain concept.