Steemit Crypto Academy Contest / S8W5 - "Let's Think About Steemit's Future" 25% to #null

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Hi everyone hope you are doing great i am also good. I am feeling very excited while taking part another exciting challenge of #steemitCryptoAcademy, hence the topic is quite amazing Steemit Crypto Academy Contest / S8W5 - "Let's Think About Steemit's Future". Definitely i have few things in my mind about the future of steemit lets start sharing it with my steemian fellows.

What is Steemit And How Does It Work?

Steemit is an efficient social media platform that is based on a decentralized blockchain. The working principles of the decentralized application are founded on the Steem blockchain.

There are different social media platforms like TikTok, Facebook tube, etc but steemit is becoming famous with every passing day due to its transparency and secure system. It pays rewards to users in terms of higher quality content which is based on uniqueness.
The steemit is based on digital currency that is steem coin.The reward may be distributed mostly in SBD, Steem, and also in TRX.

How Proof-of-Brain does work?
There are thousands of users on steemit who create content on daily basis. The proof of brain functions on the algorithm token rewarding system.

It encourages the user for quality content creation and also for curations. In return the rewards are send via token to users who are upvoting on other users post and sharing unique contents.

The users which are working more active on steemit and with increased engagement may have better chances of rewards in term of token or steem coins. It depends on activities of user on steemit.

As the user may have more interaction with other users posts, increasing comments, support and updates will definitely may helpful for better growth.

How is Steemit more outstanding?
The steemit platform is becoming family and popular in recent countries due

• to unique content system
• transparency
• Rewarding system
• Multi-language interactions
• Weekly contest
• Engagement challenge
• Moderators for quality assessment of posts
  All make steemit more popular among other social media platforms.

What Is STEEM Coin And How Does Steemit Make It's Money?

Like other cryptocurrency steem coin is also currency and it awarded to the steemit users who are engaged in creating contents, for steemit. The basic currency for reward is used steem.

How to get steem? It depends upon the author's work and activities more the users will be active, share good contents there is a good chance of support, and through engagement on others posts he may become more active to earn good rewards.

This reward is given in the form of a vote and users get it within thin 7 days of his publication in the form of a payout.

Now, how we can check out the amount of steem a user is getting? It depends on the amount of his work and also the rewards or votes he got. Although the user may get a reward within 7 days of publication of his post. He can redeem rewards after 7 days of post-publication. This step can be further used by users to withdraw or change inother currencies according to need.

How this steem can be useful for users?
The main currency on steemit is steem we can power up steem according to club status for increasing the status of accounts which is useful for authors to grow faster.

The good earning on steemit can only be get by sharing quality and unique content it attracts more audience to the Post. Moreover, if we work hard creasing the number of posts in the community it may increase the chance of getting votes more. But votes are not guaranteed ever.

As there would be more active posts chance of getting votes would be more and a handsome payout may be gotten by users. Now, the growth of platforms is based on the number of active users more than the number of users working and interacting with others'' posts by upvotes the revenue can be generated more in a particular community.

The upvotes on others' posts may also be helpful to users not only to increase the amount of voting CSI but revenue can also be generated by upvotes. I upvote 10 posts of different users daily, which increases my voting csi and also I can get a reward in turn out.

Current Price Of STEEM At Coinmarket

The coin market value of steem is facing many challenges in the last few months and it's highly unpredictable to asses the exact figure because it may fall sudden, ups and down daily which is making it highly uncertain to predict.

Certain development in cryptocurrency may affect its coin value massively. Now, in present conditions if anyone wanted to invest in cryptocurrency he should be highly vigilant and firstly, increase the knowledge of the market, its value, and good information on trends of coins by studying previous trends.

On the other hand the chances of loss are more in the market if anyone does invest it without the depth knowledge about the current scenario of the steem coin market.

As it's highly unpredictable, you say anything if we don't have good knowledge of cryptocurrency and its trends and history.

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Here in picture there is current price of steem in coinmarket cap. It can be visibly seen its not constant it shows variations.

Is Steem Coin Good For investment? As A Crypto Analyst, What Can Be Done For STEEM Coin To Reach A Maximum Supply And Becomes Top 100 Crypto Currencies In The World.

In the present scenario it's not possible to give any prediction of Bitcoin or steem values as it is changed drastically in the past few months. Therefore very deep careful study is needed to know all the trends and prospects of the coin market.

But if a person wanted to invest in it he can do it as it's already at a very low price with time the value of Bitcoin may be increased and a good profit may be gotten by investing in steem.

It's depending on the power of bearing losses and profit of investors as everyone cannot take risks might be it may take a long time to go up the investors should have good knowledge and patience so that they can tolerate it.

Now, the next question comes how the steem may rank among the top 100 cryptocurrencies of the World.
There are several factors which may be helpful for this ranking.

The **first thing may be engagement that can entice new users and increase the active users in the community so that more revenue can be generated but the technical issues should affect the user performance. It must be tackled.

The raised awareness of steem currency in trading and other industrial units may promote it more and increase its market value which could improve its market value and more people can be attracted to it. Different partner programs may assist it in growing the value of steem in the market.

The factor that is most important in all is knowledge and awareness of market trends and values which increase the number of investors in crypto currency to raising its rank.

How Can We Do To Solidify STEEM Offering In Terms Of Technology And Operating System In order To Attract More Investor

In order to attract more investors to steemit few changes should be needed which would be might helpful for increased the number of investors to this unique platform.

Awareness and promotions activities

The first thing which may be helpful is to raise awareness of and promotions of steemit on different social media. I have found only a few people knew about steemit. If I talked about myself before I didn't know what is steemit. If we increase its knowledge in a society like Facebook, Tiktok the number of users can be built very faster it may tend to improve more users and investors to steemit.

Advanced scrutiny system

To make it more secure and transparent its need to introduce the advanced of scrutiny so that through double verification system hackers may avoided and only authentic users can join it. When it will be registered on id card number with face recognition it will be more secure for investors.

Rewards for newcomers

There should be a more rewarding system for newcomers so that they may become more motivated and attract more users to this platform. As everyone wanted a reward for work if it would be good there would be good chances of more active users.

Simplifying user experience for newcomers

I have found the working of newcomers on steemit is a bit tough as when I joined it takes a lot of time in posting its a little complicated for new users. It should be simplified so that more users can take advantage.

Implementationof recent features

As steemit is working on a decentralized system, while it does not apply to other social media. If there should be execution of a decentralized identity system it may help to fascinate more investors to steemit.

Conclusion

In the last, I may conclude the future of steemit is more bright than before if we follow the above-mentioned changes. It will grow faster and there would be a massive increase in new users which would attract more investors o steemit and it will become popular like other social media.

Its all about my today's post about the future of steemit. I hope you will share you feedback with me.

In the last i would like to invite my dear friends @ashkhan, @mireyalongart and @mesola to take part in this exciting contest.