Crypto Academy Season 3 Beginners' Course - Task 1: Steem and Tron | Homework Post for Professor @sapwood

in SteemitCryptoAcademy3 years ago

Hello

Everyone, I am here for the Post of Crypto Academy Achievement Task-1 Steem and Tron.
I read the lectures carefully.

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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?

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What is PoB?

The word PoB stands for PRoof of Brain. It is a way of distributing the money among the user on steemit and other platforms like HIVE.
So now I explain the method of distributing money on steemit Platform.

  • SP(Steem Power) Holder get 15%
  • The system of Steemit also get the 10% (for steem proposal system)
  • Witness gets the 15% for his work on the platform
  • And finally 65% goes to the Active user who writes the article

Reason to Reward us:

  • Create a Good quality article so this might bring the new users as well as investors to this platform. And promote the steemit so it attracts more people.
  • Curating the other articles will promote the users to work and present good Content.
  • Make interaction with the other users.

PoB enhances or increases the curation reward.
For example:
A man who has the 2000 SP will get more curation reward than the man who has 200 SP. According to the PoB the reward on the post payout after 7 days and this reward is given to the writer in the form of SBD, TRX, and SP.

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Meaning of Curation in Steem Blockchain

The curation entails some things which are following:

  • Read the whole article
  • Check the Originality and worth of the content
  • Give Upvote the post which you like and thought that it would be liked by other people. If we have 500 SP then we can Upvote any article by percentage.
  • If we find the worst post which we dislike and thought that it would be disliked by the people then we can downvote this article. But I never downvote any user because by downvote the user feels shame and can lose his hope.
    So avoid doing Downvote.
  • Resteem your posts of interest so your follower can see this beautiful article.
  • Deliver pretty comments on others' posts it will encourage the writers.
  • Don't use plagiarism in your content because it is prohibited on this platform and it is also the worst thing.

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Benefits of building SP

SP stands for Steem Power. Following are the benefits of Building SP.

  • The reward pool always prefers to who have more SP. So if you want to get more rewards so I suggest you build up more SP.
  • Sp is very necessary for wor I the crypto Academy. There are many things to learn in this beautiful community.
  • So it is also a way to make the interaction between the users. Because if we have more SP more people will know us.
  • If we want to run our community owns then some members of the community build their SP and start upvoting in the community so it will have a great positive effect on the Community.
    If we talk about some personal benefits so:
  • We get more rewards from Curating
  • We get more rewards for Holding SP
  • We get more rewards in TRX
  • We also have a bigger chance to get Up-vote by others.

Benefits for community

  • Making this platform more worthy and attractive
  • Making higher price SBD for the Steem
  • Making Platform decentralized
    So these are some Benefits for building SP.

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self-upvote as a good or bad social behavior

In my own point of view, Self-upvoting is very bad and selfish behavior.
Generally, the writer of the content doesn't have a right to Upvote his own article. By doing this the other users will lose their hope because they do not get upvote for their hard work and efforts.
Suppose If we have more SP then we upvote ourselves each time at our poorly made post so the other users will never get a vote and the result will that the many users will leave this platform.
So I suggest don't make Up-vote yourself.

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Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM

Coinmarketcap has hundreds of cryptocurrencies here we can see the Price, Rank, and Ups, and Downs of any coin at any time.

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This is the main page of the website here are some prices of Top cryptocurrencies

CoinPrice
Bitcoin45494.70 $
ETH3114.52 $
TETHER1 $
Binance coin351 $

After thet I search here the STEEM coin.

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Price

The Price of Steem is 0.5245 $ .
This is the latest price of the steem so now we check its all-time price.

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So this is a graph of the price of the Steem at every time so here can easily check the price of the steem. So this is really a good feature.

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So here we can check the Steem Price Statics. In this, we can know about the Price, rank, and other Ups and Downs of the coin.

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different tokens do you earn by socializing in Steem Blockchain

The tokens which we earn from steemit are following:

  • Steem
  • SBD
  • SP(Steem Power)
  • TRX
    So these reward payout after 7 days and about 168 hours. You can check it by the table which is given below.
Author RewardRatio
Steem + SP(Steem Power)Up to 10%
SBD + SPBelow 9%
Steem + SBD+ SPBetween 10% to 9%

And we can also earn TRX in a very little amount by this beautiful platform.

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Conclusion

So in this lecture we get information about the PoB,Steem and website Coinmarketcap. I also know about the Reward Pool the system of me distributing of money (rewards) in the Steemit platform. So this is Task 1 of Beginner Course and I hope that you like it. This is a learning course so Please Guide me in case of all my mistakes.

  • Good Bye.

CC

@lenonmc21
@reminiscence01
@wahyunahrul
@sapwood
@awesononso

Writer

@ansari00046

Sort:  

Hello @ansari00046 , I’m glad you participated in the 1st Task of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:

CriteriaRatings
Presentation / Use of Markdowns1/2
Compliance with topic1/2
Spelling and Grammar1/2
Quality of Analysis1/2
Originality1/2
Total5/10



Observations:

Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM

You didn't provide the coinmarket cap of Steem. However, you can calculate it manually by multiplying the total circulating supply of Steem to the current price of Steem.

Recommendation / Feedback:

  • The student have completed the assignment for this lesson.
  • The student also answered all the questions in his/her own words.
  • Your overall presentation is good. But you need to improve your writing skills by working on your markdown styles.
  • There were some grammatical errors that can be avoided using Grammarly. So I suggest you use it in your preceding tasks.
  • Your explanations are too shallow. You can deepen it to produce a quality content.

Thank you for submitting your homework. task 1. We hope to see the rest of your submissions.

Thanks a lot, sir.
I will try my best next time.

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