Steemit Crypto Academy Contest Season 5 Week 5 [Summary] - Initial Coin Offering in the Crypto Ecosystem
crypto-academy (69)MODin SteemitCryptoAcademy
Introduction
Dear, community members. We are into the 6th week of Season 5 of the Steemit engagement challenge. Thanks to everyone that participated in our week 5 and we urge you to participate in the new simple contest organized in the community - Steemit Crypto Academy Contest Season 5 Week 6 - My cryptocurrency portfolio. We would be sharing with you the summary for the 5th week.
For the 5th week of season 5, we have organized a contest that is centered on one of the basic topics in the crypto ecosystem which is all about Initial Coin Offering. Initial coin offering simply means a fundraising event hosted in the crypto ecosystem where new tokens are made available in private/public sales to the investors before it's listed on major crypto exchanges.
The event enables projects to raise funds for further development of the tokens on the blockchain, hence, improving their utilization in the ecosystem and their liquidity on various exchanges when it would be finally listed. It's also an avenue for investors to get on board early to get more from their investments when the asset is finally listed after the ICO period.
Divider.png
Statistics of the Participation
A total of 11 entries were received throughout the contest window and all of them are valid, with no record of plagiarism or invalid entry. In essence, no complications of any form were recorded during the 5th week.
Total Entries Invalid Entries Plagiarized Content
11 0 0
SCA S5W5 2. png
Scores Distribution
SCA S5W5 1. png
Performance Distribution
For yet another week, no article made it to the excellent realm as the dominating grade in the contest fell under the very good category with a total of 73% followed by the average category with 18% and 9% belongs to good content in the contest. These are the only three categories in the contest.
Divider.png
Top 3 Users for the Week
The first factor we embraced in the selection process is the quality of performance of the participants then followed by their interactions with other users in the contest.
For the top 3 participants selection, we utilized performance by grade and interaction for some selections while a special selection was given to an article that has produced a great content about the topic of discussion. Below are the top 3 users we have selected for the week.
Ranking Username Article
1 @temitopef Link
2 @lavanyalakshman Link
3 @simonnwigwe Link
Divider.png
We sincerely appreciate your participation once again and congratulations to everyone that made it to the top for the week. We urge you all to keep up with the quality and interaction with other participants in our contests. Don't forget to participate in our ongoing contest. Good luck.