Steemit Crypto Academy | Summary On Homework Task, Week 1-Season 4

Background

The Homework Task Week-1(Season 4) draws to a close on 11th Sept 2021. During the last week, we witnessed as many as 23 entries.

I would like to congratulate all who participated and submitted their assignments during this week.

This week we covered-- Onchain Metrics. I hope you all now have a better insight into "using on-chain data/data intelligence as a part of Fundamental Analysis in ascertaining the intrinsic value of a crypto asset and/or predicting the price development".

Those who participated this week in Homework Task-1(Season 4) are now well-informed about NVT, HODL Wave, UTXO Accounting Structures, and other different On-chain Metrics, etc.

I hope Week 1 was productive, persuasive, informative, and educative for you all.

Steemit Crypto Academy is helping you all to bridge the gap between concept and gaining experience, particularly for naive users; thereby inducing practical intelligence. The tasks are designed & structured in a way to make you familiar with the practical exploration of a use-case(e.g. in this Task, you learned how to use On-chain Metrics). In essence, you gain real experience, and you earn as well in Steemit Crypto Academy.

I would like to convey my gratitude to the Steemit Team for coming up with such an idea and organizing a team for that cause, fostering crypto literacy.

This week, we have visited all the posts that have been submitted with the correct tag( #sapwood-s4week1, #cryptoacademy). So I would request all the participants to make sure that they use the correct tags and that should be among the first five tags. And also make sure you post in the Steemit Crypto Academy community.

Observation & Thoughts

We found 23 entries in the last week(Week-1). We have visited them all. A few users used this tag(#sapwood-s4week1) which is not relevant to their Task, they all have been advised to use the correct tag for their Task.

This week we covered "How to interprete HODL wave, How to find the age of a coin, and How to use different on-chain metrics to predict the price development".

In the entire session, we focused on how to identify strong metrics and how to use a metric in combination with others to properly correlate with the price development, and also which time frame(long term/short term) is ideal to use such metrics. Those who have analyzed by taking the numerical data and chain-linked those data with price development to find a correlation have definitely scored better. Nevertheless, all of you have gained first-hand information and experience on On-chain metrics.

_{The simple average score for Week 1 (#sapwood-s4week1) stands at "7.08". Percentage of posts with a score below 5 stands at 8.69%.}

Organized writing and a curated directory of organized articles on the Trending page add fundamental value to Steem Blockchain & Steemit Crypto Academy. It's a continuous process and we must evolve as organized authors every day/every week through such Tasks/assignments.

This week we did not find any plagiarized content. That's a good sign. We have zero tolerance for spam/plagiarism. So any such act(and/or repeating such act) will diminish your potential in Steem Blockchain.

We observed that most of the users did not take the numerical data from the chart to analyze the pattern/correlation. Further, most of the users did not compare which one is a better/strong on-chain metrics in correlating the price development explicitly.

Always go through the rules/guidelines/deadline before submitting your assignment.

I would like to highlight a few areas which need to be addressed.

(1) Presentation:-

Screenshots (Either too small to make it readable, or not properly outlined/emphasized)

• In a practical task that involves analysis/comparison, you always have to provide a lot of screenshots. At times your article becomes heavy and too noisy. So you should always capture a screenshot that is really needed for the subject, neither too much, nor too little. You should crop and adjust the outer edges so that it brings the attention of the readers and becomes clearly visible & readable.

• Always outline and emphasize the specific areas in a way that it takes less effort for the readers/curators to decipher.

• If you are using different styling techniques, make it consistent with its style and color.

• Any watermark or your username on the screenshot should not be too big.

• Proper alignment of the screenshot renders a professional touch.

Repetitive/Redundant Words or sentences

Always try to avoid redundant words/sentences; redundant words obstruct flow and cause a distraction for the readers.

Proofreading
I would also request, before hitting the submit button, please read it at least once/twice. At the final stage of your writing, you must go for one round of proofreading to surface out the misspelling and grammatical errors. It was a major issue for most of the users. Please take it seriously, it will enhance the structure of your content to make it readable, succinct. You can take the help of the Grammarly app for proofreading.

Proper Formatting
Proper formatting is essential to make your content more organized, your content might be good, but you need to learn the skill of presentation to make it more attractive. That always wins the attention of the reader at the first sight. Use markdown styling to present it in a professional way. If you do that on a day-to-day basis you also evolve as a professional blogger in the long run.

(2) Consistency & Compliance

It's more about assertion and correct reasoning of the same which makes your research, analysis, and understanding comprehensive to make it a true representation/response to the subject.

The reasoning should also be attached to chain link your understanding of the subject.

For instance, when you analyze the HODL wave with different age bands, you must also explore the unspent & spent output, you must also use a Block explorer and must explore practically how the age of UTXO is being calculated.

(3) Quality of Analysis

When you develop a relationship with a dApp/tool or a use-case(by gaining sufficient user experience), you jerked into the reality of the variants, precisely confounding variables.

Further, your research, analysis, understanding, and practical exposure to such variables will help you to draw a conclusion on the common mistakes; that will ultimately help you to appropriately demonstrate them, making you a more reliable author.

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The level of engagement is very poor. We want our participants to visit other's posts and produce insightful comments, make it an interactive session. At present only the professor is interacting with the participants. The student-to-student interaction is missing. We can't build an interconnected web and better content discovery without engagement. I request all of you to visit other's posts in Steemit Crypto Academy.

Statistics & Evaluation

Here is the stat of the 23 entries in Homework Task-1(Season 4)

Total Entries- 23

Total nos of posts with a grading/rating below 5= 2

We have evaluated all the entries on the basis of the following parameters:-

• Proper representation of a task
• Whether covered all the sub-parts of an assignment or not
• Comprehensive understanding of the subject backed with proper analysis/FA model wrt on-chain metric & price correlation
• Consistency/Compliance/Reasoning
• Proper formatting
• True representation of the text/subject(with illustration/screenshot)
• Quality of Analysis
• Grammar/Spelling
• Free of Spam/Plagiarism.
• Adhering to the laid rules or not
• Proof-Reading
• Original content

Of the 23 entries, I found the following three as the best entries this week.

S No	Author	Post Link	Remarks
1	@beckie96830	Link	The author has produced a well-organized article, demonstrated the use of various on-chain data to correlate with the price development. It does elicit a comprehensive understanding of the subject.
2	@bukkyi4u	Link	The author has produced neat & clean content, noise-free content, kept it precise in line with the requirements of the Task. The author is excellent in his analysis & depth of understanding.
3	@emiliomoron	Link	The author's approach is explicit in line with the Task requirement and the analysis is backed with visible evidence from the chart & price action.

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_{NB- Selection of a winner may not be absolute, most of the time, it is based on the relative performance. As long as you focus on all the sub-parts of Homework Task and gain sufficient user experience, include real examples & analysis, you stand better to win it.}

Conclusion

We all are committed to creating an enriched communication environment, organizational interactions, etc which is a precursor to building a foundation of crypto literacy. The right information and education should percolate down the line and the PoB will come along to reward you(extrinsic motivation).

We will try our best to structure a task to draw real-life experiences for you, to motivate you for sustained attention to the task/academy. The participants should also reciprocate in line with the Task requirement, particularly if it demands a real trade/transactions/experience. Healthy participation and effective discussion are key to the overall success of the Crypto Academy.

We will also try our best to reinforce the principle of collectivism/democracy (but always on the basis of performance) through the crypto academy.

The crypto academy is also an avenue to learn to reason and to find & explore the passions and talents of the users in this ecosystem.

Gain as much user experience as you can. But always be your own. Don't hesitate to write what you have understood(even if you are wrong), We will take care of corrections if needed. The most important thing at the end of the day is what you learned.

The take-home message-- Develop a relationship with dApp/Exchange/tool(or as the Task demands), Learn, Experience, Perform a real Trade(if required), Analyze; then submit your assignment. This is the ideal path to economic advantage(upvote) & crypto literacy.

Thank you.

Cc:-
@steemitblog
@steemcurator01
@steemcurator02

Unless otherwise stated, all the images, infographics, charts, tables, etc(if any) are my original works.