Steemit Crypto Academy Contest / S10W5 -: Getting to know Mvest

Good morning 🌄

Greetings to you all!
It is very interesting to participate in this engagement challenge of season 10 and week 5 in which there is an opportunity to learn many more about MVEST.....
By keeping in consideration all the questions I would like to give best answers....

What is MVEST?

At steemit there is a word VEST that is used and it the unit measurement of steem power (SP that can be gotten by converting liquid steems into power by a process called power up)....Here I have to explain MVEST so let me clear one thing that actual word is VEST and in MVEST M is just denoting million....

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MVEST = 1 Million VEST (1,000,000)

The shares that we have are actually our vests that also determine that how much influence we have at steemit platform.The more we have investment in the form of these shares the more we will be able to get benefit in return and the more we will have our vote's Worth.

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There are two processes at steemit.One is power up and other is power down and both these are very crucial for the increase and decrease or in short in variations of VESTS. If someone is powering up his wallet then it means that he is going to increase his best and if someone is powering down his wallet then it means he is going to decrease the amount of VESTS.

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More steem power is encouraged at the platform because it has a lot of benefits and one of the benefit of having a big steem power is to have big amount of MVEST.So the more MVEST we have the more we would get prominency and influence at platform.

More steem power = More MVEST

What is the relationship between Mvest and Steem?

We earn cryptocurrency in the form of STEEM,SBD,TRX and STEEM POWER (SP) at steemit.STEEM is native token we earn as content creation and Curation rewards.SBD printing is stoped now a days due to bad market conditions but soon problem would be solved hopefully Inshallah.....

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STEEM POWER is directly linked with our MVEST because when a user converts his liquid steems into his power then MVEST automatically increases so there is a direct relationship between SP and MVEST.

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The more we will stake steems in the form of steem power the more MVEST we possess and hence there would be more influence and vote worth we have at steemit platform and amount of VESTS depends upon several factors like how the market conditions going on ? As well as on the token performance so in the case of improvement of market conditions and token performance there would be high chances of receiving high amount of MVEST and vice versa....

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For checking VEST or MVEST the best site is;

@steemworld.com

So let's take an example from this site about VEST checking;

• First of all we have to login to our count by simply putting our username and then we will be on dashboard.
• There will be an option when we scroll down which would be of delegations so when we click on delegation option then we will have several options in which our first concern is to put amount of SP.
• We can put our total amount of SP that we have as well as we can put more than these SP or can also put a little amount of SP means if we want to check amount of VEST that we get at very little amount of SP; ( let suppose two) then how much VEST we will obtain.

I simply put 2 SP in the box then above I have an option to see my VEST that I obtain on 2 SP so VESTS are 3517.354711 so to convert these VEST into MVEST we have solution below 👇

1,000,000 ➗ 3517.354711 = 284.30456469

2 SP = 3517.354711 VEST ( 284.30456469 MVEST)

How many Mvest does your account have?

If I talk about MVEST that my account actually have then first I should know that how much steem power my account actually have and then I would be able to calculate my MVEST at that basis.

I have 1538.01 SP currently and I want to calculate my MVEST so there are two ways to check MVEST. One way is of calculation and other way is to check MVEST directly. So first I want to share that how you can see directly your MVEST.

Direct checking MVEST

• For checking your MVEST you simply need to open steemworld and then you have to click on balances option.

• Now you guys if move on forward options that are present in balances then you can see that there is an option of vesting shares and from here you can check your MVEST and here they are written as 2.705 MV

Calculating MVEST

You can also calculate it which is another method. For this purpose you have to again click on delegations option and then you would put your total amount of steem power you have and then you will see amount of VEST but it is important to note that these are amount of VEST not amount of MVEST so for calculating MVEST from VEST, these are very easy to calculate so let's take amount of VEST and move on calculation;

VEST on 1538.01 SP are 2704863.359172

MVEST = 1 million VEST so;

2704863.359172 ➗ 1,000,000 = 2.704863

1538.01 SP = 2704863.359172 VEST (2.704863 MVEST)

Assuming that your account has 35,000.00 Steem Power, how many Mvest is it equal to?

35,000 in actual need a lot of focus and determination of content creation and it's my wish to achieve this 35,000 SP equals to 7X dolphin 🐬🐬.....
Let's move towards original calculation. If we suppose that today I have 35000 steem power and I want to check my MVEST then these are very easy to calculate.

• As I have told you in above questions many times so in the same way I will Open @steemworld.com and login to my account and then go on dashboard....

• Then I would choose an option of delegation and here I will find an option of amount of SP and amount of VEST.

• When I would put amount of SP which are 35000 according to my imaginations and according to scenario then I will definitely get amount of VEST above in return.

• So when I put 35000 in the box of amount of SP then the VEST that I obtain were 61553707.434304

For calculating amount of MVEST ;

61553707.434304 ➗ 1,000,000 = 61.553707434 MVEST

35000SP = 61553707.434304 VEST (61.553707434 MVEST)

I want to invite here;

@suboohi
@m-fdo
@nahela
@wilmer1988
@aaliarubab

To participate 😊

Have a nice day 😊