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RE: Stability in Digital Currencies- Steemit Crypto Academy- S4W5- Homework Post for @awesononso
Hello @wireless07,
Thank you for taking interest in this class. Your grades are as follows:
| Criteria | Calculation |
|---|---|
| Presentation/Use of Markdowns | 1.2/2 |
| Compliance with Topic | 1.5/2 |
| Quality of Analysis & Calculations | 1/2 |
| Clarity of Language | 1.5/2 |
| Originality & Expression | 1.7/2 |
| Total | 6.9/10 |
The following caught my attention:
A Rebase coin is a form of stable coin that adjust its volume to the current price
It adjusts the supply.
1 ITF worth 0.15 instead of me having 2000 ITF that worth $300 I will only have 666.67 ITF that worth $100.
From the illustration, you would have 6,000 ITF because the supply would increase as the price increases. With more in circulation, the value would eventually fall.
Feedback and Suggestions
Questions 1, 2 and 4 need a lot of work in explanation and construction.
The arrangement can be better.
You should understand the topic better especially the rebase part.
Thanks again as we anticipate your participation in the next class.
Thanks professor but I wish I did better