Steemit Crypto Academy Season 4 Beginners' course - Homework Post for Task 2: Steemit's votes and payouts + TRX rewards

alegnita (73)Beginner[2,5,7]in SteemitCryptoAcademy • 3 years ago

Difference between isolated judgment & Community judgment in Curation? What is the general voting window in Steem Blockchain? Please vote a post that is older than 7 days and tell us your experience, does it consume your VP, does it produce any monetary value? What is the difference between 50% SBD/50% SP payout and 100% power up? Suppose your VP is 90%, if you upvote with 100% voting weight, what will be the VP after voting? As you are earning TRX rewards on a 1SP:1 TRX ratio, how would you like to utilize your TRX rewards to further optimize your earning potential?

Curations in the Steemit Blockchain

As an unique platform where it's possible to support others through votes, it's not a secret that Steemit Blockchain works with such technology where anyone can get rewarded by an individual account (let's say curators, mainly), as much as this person is sticking to the etiquette rules about plagiarism, which act is not supported into this ecosystem.

But getting a reward through votes, can be performed by two main ways in Steemit:

👤Isolated judgment: an individual curator with enough Steem Power will perform a vote that makes a reward to the author's post but this is an unique one.

👥Community judgment: a group of united users that have previously delegated their SP to the account of certain community of interest will influence on the rewards of author's post with such greater support than any other individual account.

In other words, working in team or group is better than any other individual effort, as everyone knows even as a popular saying. This is actually true into the Steemit platform where it's possible to grow up in the Blockchain as much as we work all together for the sake of a general purpose, let's say knowledge about art, lifestyle, food, crypto, travels, etcétera.

The General Voting Window

In Steemit, all rewards are set to be released exactly at seven continuous calendar days by the moment of post's creation, which increasing linear formula goes from the 0-5 minutes of creation, then a constant one based on a 50/50 radio reward between curators and authors, and finally linear again but decreasing from the last 12 hours before the finishing of seven days (6 days 12hours-7days).

Let's perform a pair of votes as examples to show what we're talking about the 7 days window vote in Steemit blockchain. Supposing my VP is 90%, by upvoting with 100% voting weight, of course this VP will be 88% after voting with the mentioned weight.

By checking previously the mana of my account in SteemWorld.org, I'm sure I am having a 100% by the moment and I'm going to perform a vote to this Post from @angelys, which post was expired at least from a year ago.

After doing this, nothing happens and my mana or voting power (VP) doesn't even make any change. There's no any change to the stated payout of 0$.

For the contrary, on the case of Sara Campero's Post for instance that was released recently by the moment, I was experiencing a vote from my account to her. After providing the vote, the mana decreased 2% to obtain 98% (to 88% with my total weight of voting in the case of having a VP of 90%) that will be recovered in two hours.

The Payouts Rewards into the platform

On Steemit there's at least a couple of ways to set a type of rewards from any post you create in the Blockchain.

🌓50% SBD/50% SP payout: the reward that comes from pool is split between the author and curators in form of SP to these ones meanwhile the creator of content will receive the other half but configured by 50% of SP with %50 SBD to reward him. In other words, from the total payout of any post, 50% are converted on SP that goes to curators, 25% in SP too but in benefit of author and the rest 25% in SBD.

🌕100% Power Up payout: when we select this option, all rewards are completely converted to Steem Power that will charge automatically in the wallet once the seven days have passed. Of course, over here benefits are set in two equal parts of 50/50 to the author's and curators.

Using my TRX rewards

At the Tron ecosystem is possible to cast a vote to one of the Super Representatives in order to obtain benefits in a passive way from this. So, this is one of my alternatives that I've taken so far to gain an extra income, as I'm publishing in the following image where I have voted with 124 TRX to obtain more Tron rewards thanks to the SRs by up to 6-7% of estimated yield.