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RE: STEEMIT CRYPTO ACADEMY WEEK 5 TASK: LECTURE ON STEEM BLOCKCHAIN (PoB, Voting Window, Curation) BY @sapwood || HOMEWORK DONE BY @xkool24 ||

in SteemitCryptoAcademy5 years ago

Thank you for attending the lecture in Steemit-Crypto-Academy & doing the homework task-5.

One of the major link of a Post's reward returning to the reward pool is either caused by early voting/Curation (curating when a vote is less than 5mins of age) or late voting Curation/voting (curating when a vote is 6days 12hrs of age).

Early voting(inside 5 mins age of a post)-- Lost curation reward returns to Reward Pool- True.

Voting beyond(6 Days 12 Hrs age of a post)-- Late curation-- Curation reward does not return to the Reward Pool, the only point is that the upvote value will be less, start depleting from 6 Days 12 Hrs (linearly) and becomes completely zero at 7 Days.

A curator is entitled to 100% upvote value as Curation reward when the Curator places the first upvote value on a post after 5mins of post age. This is also authenticated and guaranteed when the value of the said post is on $0 value. With this, a Curator can earn 100% or more reward on a post.

Even though the general voting window starts from 5 mins age of a post, it may not necessarily be after 5 mins for every curator. In trending posts, or in specific initiatives, contests, and challenges(e.g. crypto contest, steemit crypto academy, etc) the advanced curators/smart curators do vote inside 5 mins also(at 4 mins in general) and still gain significant curation rewards because in such a post many curators compete against each other, so even if you lose 20% curation reward(by voting at 4 mins), being an early voter in a trending/popular post, you gain significant curation reward.

The reverse auction is the counter-effective mechanism to strike a balance between the "early voter's advantage" and "curating after reading". This has been designed considering the fact that the average time to read a post in Steem Blockchain is 5 to 6 mins.

Three-point you should always consider in curation;-

  • Time of your upvote
  • Position of your upvote(preferably before a whale's vote)
  • And if you remain in the first Voter(s) band ( $0-$1) then you are always a winner, even in an average post.

This simply shows that the Curator got even more than a 100% for his curation reward. This shows 125% reward value

That's correct.

To ascertain the position of my voting, kindly click on the button icon by the left side of the image. This will pop another image on the screen as also seen too.

To know the exact position of your voting, click on Voted After, then it will sort the list of voters in the order of their vote. Then count it serially to know your position.

Thank you.


Homework Task -5 successfully accomplished.
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 5 years ago 

Professor @sapwood, Thank you for your review. Well understood from your points too.

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