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RE: Homework Task 5: Steem Blockchain (PoB, Voting Window, Curation) | lesson by @sapwood

in SteemitCryptoAcademy4 years ago

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

A curator stand the chance to get the 100% and more of his total upvote value from the shared reward if he voted on a post at 5mins(+) and before the post exceed 6days 12hrs.

Although the general voting window is considered as 5 mins to 6 days 12 hrs age of a post, it may not be a necessary condition to vote at 5 mins or after in all types of posts. In trending posts, or in specific initiatives, contests, and challenges(e.g. crypto contest, steemit crypto academy, etc) the advanced curators 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.

You can gain significant curation reward on the basis of:-

  • Time of upvote(be an early voter)
  • Position of upvote(preferably before a whale's vote, or at least the follow through votes after you should be bigger than your vote)
  • First voter's Band($0-$1) in a post.(if you remain in that band, you can gain 100% curation reward or more even on moderate-quality post)

And this also happens to a post at 6days 12hrs+, the curation reward drops in percentage as the post age above 6days 12hrs.

There is no reduction in curation reward in the last 12 hrs of a post(of the 7 days). It appears like that because the upvote value itself depletes in the final 12 hrs of a post. And curation reward always derives its value from the upvote value. So curation reward from a reduced upvote value will always be lower.

image.png

Thank you.


Homework Task -5 successfully accomplished.
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 4 years ago 

Thanks for the review professor @sapwood

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