Crypto Academy / S5W8 - Homework Summary [Advanced Level] - Dark Pools in Cryptocurrency

It's a great pleasure writing again at the academy and I hope everyone is doing great today. Season 5 of the Steemit Crypto Academy has now ended and I believed a lot of students have acquired knowledge that has positively impacted them in the crypto ecosystem. For the last week of the season (Week 8), I presented a lecture on Dark Pools in Cryptocurrency and this piece of article would be used to give a summary of the homework task entries received.

Dark pools in other financial sector has been operating for some time before it was introduced to the crypto ecosystem. In the crypto space, dark pools are utilized for private trading of assets such that it's not associated with physical order book as seen in other crypto exchanges. The idea behind this in the crypto ecosystem is to enable users to carry out their trade at a predetermined price without being affected by other factors like slippage.

In dark pools, the trades carried out is termed block trades because it involves a large number of assets being traded using the platform which could be up to many grands/millions in USD or any currency you might think of, such that the trade is done in private with an invisible order book to outsiders and this helps to eliminate the fear traders might have developed seeing huge order placed on an exchange which could force them out of their positions. Enough on this, let's take a look at the observations as regards the entries received.

It's time to talk about a few things observed in the homework task entries received and see how the students have nailed or marred things. To discuss the observations, I will be discussing them in subheadings under this section. Let's get to it.

This is not a new context, we have been talking about this for quite some time and more emphasis would be made on it. The concept of Proof of Brain is not complete with diminishing originality, it is important your article contains only original content and if any borrowed part was used, it should be properly referenced. Some entries have used others' articles to develop theirs, the idea of the task is that you understand the lecture and are expected to make original content based on your understanding. Kindly take note of this, it is very important.

Proofreading has been one of the factors that dent students' entries in the academy while some take it seriously to ensure that their articles are free from any typographical errors, many still fall a victim to this dent. I received a few entries with typo errors even when they have written great stuff and this hindered them from making it to the top. So, you must pay attention to proofreading your articles a couple of times to ensure you are free from any typo error and that'd qualify you to hit the top spot. Kindly take note.

The quality of analysis of your responses to the questions given is a very crucial part that contributes to making your content outstanding. Many of the homework task entries received have their responses shallow and as such, their marks in that section were affected. Aim at giving a proper analysis of your answers and not just a brief explanation of the context that lacks in-depth analysis. Week in week out, users that spend quality time producing articles that have properly explored the sections of the task end up being excellent and are likely to be the top articles for the week.

This part is the twist of the task, I intentionally included it to see how far students have researched and what they have thought on their own as regards the impact of dark pool trades on the market of the asset. Many homework entries replied with what was given in the lecture as regards the impact of block trading on the price of an asset and the responses have been it does not affect the market of the asset, yes, that's students' response all through, only a few got the twist.

The twist was actually in the conclusion of my lecture as seen above but many failed to notice it. If the dark pool trades don't have an impact on the price of the asset at the moment the trade was carried out, what do you think would happen in the future? Take, for instance, If a trader has exchanged his assets for fiat and is worth 50 million dollars using the dark pool, don't you think such a trader can come back in the future to inject this into any market of choice to engage small traders and later go towards the opposite direction which would force many traders out of their positions. I expect to see this in the entries but many didn't reason that way.

The last week of season 5 under the lecture "Dark Pools in Cryptocurrency" received a total of 40 homework task entries and by my practice, I have reviewed all timely. See the performance of the entries received in the table below.

Excellent represents grades within 9 - 10, Very Good for grades within 8 - 8.9, Good for grades within 6 - 7.9, Average for grades within 5 - 5.9, Below Average for grades below 5, Plagiarized are the contents that are found to have been copied from another source without proper reference and Invalid are incomplete articles/Users Powering down/Insufficient SP for the Advanced level. For the just concluded week, no entries were below average and no invalid entry, and a case of plagiarism was received (having copied another student and spun the original content). The statistics follow in the charts below.

In conclusion, the performance of students is slightly improved as compared to the previous week and I hope it gets better over time. I appreciate the students that participated for the efforts they have channeled into making an entry and I believed you have learned something to improve your understanding of the crypto ecosystem. I have highlighted a few observations in this article and it's developed based on what was seen in many entries, make use of them to enhance your article next time. Thank you and I wish you a fruitful journey in the crypto ecosystem.