BEGINNERS COURSE TASK 01 ||STEEM AND TRON||BY @qamarsudagar

in hive-108451 •  3 years ago  (edited)

Hello everyone!

Today in this post, I want to complete task 1 of the beginners' course published in the steemit crypto academy by @sapwood, a crypto professor. In His post, he teaches us about some basics of Steemit, Steem, and Tron. So let's move towards our task. He asked 4 questions from which we have to answer one question I have to choose the first one.

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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?

So, first of all, we will discuss that what is the proof of the brain or PoB.

PoB (Proof of Brain)

mitimages.com/DQmXDJ7vZKQwsjjmYQ2K3tv21ftiLj9bvE15M23mqitDxnu/image.png)

What Does Curation Mean to you in the Steemit Blockchain

Curation is the reward you get after the upvote of any specific post. This reward is in the form of Sp.

In the steemit blockchain, your rewards are distributed in the Steem, Steem Dollar, TRX, and SP. By Investing like curators if you have more Steempowers your upvote will be worth more and you will get the curation reward in return which will also increase your SP.

The curation rewards are of two types in this steemit blockchain.

  • Rewards of tasks :

This reward is distributed between the curators and the users whose post is upvoted. When the curator upvotes a post after its payout the Author and curator get the reward.Author in the form of 50% SBD and 50% Steem and curators in the form of SP.

  • Definite Rewards:

SP Holders get a 15% reward the witness get 10% and Steem DAO Get 10%.and in this way 35% is the definite reward in the reward pool.

How TO Earn Curation Reward:

When we start working in the blockchain we will only get some Sp But when we work constantly our account start building Sp And our upvote worth also increases. And then by your upvote, you will earn the curation rewards means by increasing your Sp And by power-up. You can also earn a curation reward By upvoting the post which gets a big reward from the curator.

The Quality and original content are supported in the steemit platform and also gets rewards from the curators. So be creative for reward In the blockchain.

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Benefits of Building Sp:

Steam power Is the reason for the importance of any user in the steemit blockchain. Some Benefits of building Your Steem powers are the following.

  • The Higher steem power increases your importancein the ecosystem of Steemit. Because SP increases your upvote worth and worth of Upvote is of great importance.

  • Steem power increases your upvote worth in the platform and by upvoting any creative or content-creating author you will get more reward called curation reward And you can earn more.

  • Influence in the blockchain and also increase in the number of followers.

  • Earn 10% of the reward pool.

  • Increases your ability to work in different communities.

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How do you explain self-upvote as a good or bad social behavior

In this section, I have to explain my thoughts towards the upvote of my post. I think so it is bad social behavior because it shows that you have self-esteem only and are not interested in the work of others.

You are only interested to earn your own without communicating with other peoples and increasing your importance on the steemit blockchain. The upvote to our posts also has some disadvantages which are following.

  • It causes our post to remain down in the output and input.

  • Its disadvantages according to the economical point of view are the following that When the organization developed the convergent linear reward f(x)=x^2/(x+1) system till then to now the self upvoters are at a disadvantage that discourages the peoples who Themselve upvote their post.

You can earn better rewards by visiting and encouraging others' posts and this will also increase your relationship with the members of steemit and influence your account on the platform. So visiting and encouraging others' posts is good to act indeed.

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Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?

We can check out the value of steem and another thing on the coinmarketcap website. I have taken the screenshots of all the required fields in the question which are shown below.

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source
You can see in the screenshots that the price of steel is in the lowest stages.THE price shown above is in pkr.

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TOKENSTEEM
Current Price IN USDT$0.2429
Rank#264
Current Rank (according to market capitalization)159
Market Capitalization$97,468,198
Fully Diluted Market$101,290,992
Current Volume$3,110,689
Current Circulating Supply402,376,377.40 STEEM

according to coimarketcap
Coinmarketcap of Steem= 91942206.822
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What are the different tokens do you earn by socializing in Steem Blockchain

In the steemit platform, the authors are rewarded in turn for their published content based on originality and creativity.
The Author can get rewards in the form of different tokens like SteemPower, SteemDollar, TRX, And Steem.

I will briefly explain all these.

  • SteemIs the main token on this blockchain because it can be easily exchanged and transferred or even easily withdraw in all countries. Its price remains changing with time limits and even with seconds. You can convert the Your Steem into Steemdollars for trading on different rates and volumes and also power up Steem to increases Sp.

  • SteemDollar It si the main token in which you get your author reward. Its price is the highest of all but can not be withdrawn in any country. So for Withdraw, we have to convert it into SteemFirst by Buying orders in the market.

  • TRX Is also rewarded in the Author rewards it is also easily transferable and used mostly for trading. We also get The tronlink Wallet keys with our steemit account so that we can Transfer the TRX to a different wallet and also withdraw them by converting them to the USDT.

Steempower can also be earned from the Author rewards and also by power-up.
All about Sp we have learned in the above sections. So this was all about the Tokens we earn from the steemit blockchain.

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CONCLUSION

So this was all about the basics of the Steemit blockchain and a little bit about tokens in the steemit. I have explained all from my knowledge and also have done the original work in my publishing. I hope that this post will earn a good reward and professors will award good grades for this post. Mentioning @sapwood The moderator and cryptoprocessor of the steemitcryptoacadmey for the review and guiding me in turn of any mistake.

Special mentions:

@awesononso
@reminiscence01
@wahyunahrul

Author:

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Hi @qamarsudagar, Thank you for taking interest in the 1st Task of the Beginners Fixed Class. Your grades are as follows:

Assessment AspectsRating
Presentation/Use of Markdowns0 / 2
Follow Rules and Guideline0 / 2
Quality of Analysis0 / 2
Clarity of Language0 / 2
Originality0 / 2
Total0 / 10

My Review and Suggestions:

  • You are detected buying votes to increase reputation, this is prohibited on Steemit Crypto Academy.
    Screenshot_5.png

Thank you!

Hi professor @wahyunahrul , Sir firstly I apologize for this act. You said that I use tipu to increase my reputation. Before using tipu my reputation was 59 which was enough to work in the crypto academy.

Secondly, I was not aware of this rule I was busy with my work, and that's why I was not able to participate in the cryptoacadmey. I also see the post of some people in the cryptoacadmey that was also buying votes from tipu.
I did not read this rule that using @tipu is prohibited. That's why I do this.
Please Regrade my post I will not use @tipu curation more. I hope that you will understand my situation . Please consider my comment. And please guide me on what should I do now to participate in the cryptoacadmey.
Cc:@wahyunahrul

Thank you.

Omg that is great thank you
And for beginners i like to suggest this site https://coinmooner.com
It is easy and have the best coins to invest in

You've got a free upvote from witness fuli.
Peace & Love!

@tipu curate