Steemit Crypto Academy Contest Season11 Week06 [SUMMARY] - "Token Unlock"
Introduction
The final week of the Engagement Challenge, which took place from August 28 to September 3, 2023, has ended, successfully concluding the 11th season of this competition. In this report we will summarize all the data we had during this period related to your participation in a competition organized by the Steemit Crypto Academy community aimed at studying the topic of Unlock Tokens
As mentioned, the theme of the sixth week's competition was about Unlock Token, where users were asked to give their opinion on the following points:
Use your own words to define what an unlock token is? And in your opinion, why do some projects choose to lock a quantity of these tokens?
Clearly explain the method(s) by which these tokens are locked and then how they are released.
What is the impact of an unlock token on the price of a crypto and how is it monitored? Give an example.
Do you think that all cryptocurrency ecosystems have developed this kind of lock? Steem.Inc Among them? If yes or no, do you think it is or will be beneficial if used or added to its ecosystem? For what?
List the risks and benefits of unlock tokens in a simple and understandable way.
Overall the entries we received were good in terms of quality of content with work in progress some users having their first experiences with our crypto contests thanks to this new entry challenge we hope to discover other candidates in future seasons. So without talking too much, we go straight to the stats and nominations.
Participation statistics
A total of 21 entries were received throughout the duration of the contest and fortunately no instances of plagiarism or entries deemed invalid were found.
| Total number of entries | Invalid entry | Plagiarized content |
|---|---|---|
| 21 | 1 | 0 |
For the week we had only 1 posts which landed in the excellent area, taking 5% of the total entries, the contest high score fell in the *** Good*** with a total of 85%, also 5% belongs to the under average content and also 5% for invalid posts.
Top 3 users of the week
The first factor we embraced in the selection process is the quality of performance of the participants then followed by their interactions with other users in the contest.
For the top 3 participants' selection, we utilized performance by grade and interaction for some selections while a special selection was given to an article that produced great content about the topic of discussion. Below are the top 3 users we have selected for the week.
| Ranking | Username | Article |
|---|---|---|
| 1 | @casv | Link |
| 2 | @ngoenyi | Link | 3 | @hamzayousafzai | Link |
We sincerely appreciate your participation once again and congratulations to everyone that made it to the top for the week. We urge you all to keep up with the quality and interaction with other participants in our contests. Join us in the ongoing contest.
Es un honor estar en este podio, me siento muy agradecido con la academia por la oportunidad y contento al acompañar a tan importantes steemians @ngoenyi y @hamzayousafzai a quienes les extiendo un gran abrazo de felicitación por sus nominaciones.
Feliz tarde a todos.
Congratulations to you too dear friend
Thank you so much.. i wish next time you will be in top poster
Thank you so much dear professors fr nominating my entry. I appreciate. Congratulations to us all including @hamzayousafzai and @casv
Thank so much .. i am so excited 😆
Thank you so much for selecting my post.. i am trying my best to contribute in this community