Steemit Crypto Academy Contest Season 8 Week 2 [SUMMARY] - What are Stablecoins?

Hi steemians,

We present to you today the report of our work during the period March 6 to March 12, 2023 which was devoted to the second week of the eighth season of the Steemit Engagement Challenge, and which ended in all harmony between the members of the academy with success and without complications thanks to the high level and the professionalism that showed them throughout the week.

In this report, we will summarize all the statistics and feedback we have during this period regarding your participation in the competition organized by the Steemit Crypto Academy community which aimed to explore your knowledge about stablecoins.

As mentioned earlier, the theme of the second week's contest was stablecoins and their characteristics, and in which our dear users were asked to give their opinion on the following points:

• Use your own understanding to explain what are stablecoins? And how did you manage to ensure a stable price?

• Why were stablecoins created and how are they useful?

• What are the most popular stablecoins? Which do you use more and why?

• Can stablecoins lose their stability? If the answer is yes, then cite some cases with an explanation of the reasons of that.

• What are the advantages and disadvantages of stablecoins compared to traditional cryptocurrencies?

All in all, we examined 45 articles most of which had good content, but we also found quite a number of articles that were generated entirely or parts of them automatically by artificial intelligence, which is an outrageous phenomenon that we try to overcome thanks to our vigilance but I count more on the awareness of our dear participants not to use chatGPT , So without talking too much, let's go straight to the stats and nominations.

In this last week, we checked 45 entries, of which 29 were noted because they fulfilled all the conditions of participation, on the other hand there were 8 invalid entries and 8 entries generated totally or partially using ChatGPT.

Below is a summary table that categorizes these entries.

From the performance graph above, good content dominates with 44%, followed by Chat GPT generated content and invalid content with 18% each of total entries and 11% for content with excellent quality. On the other side, below average and acceptable entries are 7%, 2% respectively.

Finally, we can only appreciate the efforts of steemians who participated in this week and we invite everyone to ensure that their articles are checked in complete transparency. Let's make the STEEM ecosystem healthy through our collective efforts.

Thank you.