Steemit Crypto Academy Contest / S10W5 -: Getting to know Mvest
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Hi, Greetings to Everyone. Warmly welcome in new week of Steemit Engagement challenge by exploring your search on Getting to know Mvest and share your acknowledgement on given topic of this week. I Would like to thanks too Steemit team for organizing such an interesting themes. Let's move on to answers the required questions.
Mvest is a unit which is used to measurement of Steem Power in the context of Steem Blockchain and Steemit Platform.The specific term Mvest stands for "million Steem Power" and is a measurement of the influence and voting power of users on the Steemit network.
A user's influence and ownership stake in the network is represented by the Steem blockchain coin Steem Power (SP). Users can have a greater say in rewards and content on Steemit when they hold Steem Power. One million Steem Power is simply denoted by the abbreviation Mvest in the contest of Steemit Blockchain.
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Our SP will turn into VESTS when we hold Steem power (SP). The more Mvest we have, the more Steem power (SP) we have. The amount of Mvest will undoubtedly increase if we increase our Steem to Steem power and will undoubtedly decrease if we decrease it.
In other words, as we accumulate more Mvest, our influence on the platform grows, as does the value of our votes when we support the contributions of reliable content producers.
Mvest reflects a user's ownership and influence of one million Steem Power within the Steemit platform, On the other side , Steem is the native money of the Steem blockchain that is rewarded by the users through posting quality contents on different communities.
Users who own Steem Power will get proportionately more Mvest. An individual's influence and voting rights on the Steemit platform are represented by their Mvest shares. User votes have a greater impact on content visibility and rewards the more Mvest they have.
Currently, I have 4,538 Steem Power in my Steemit Wallet from total SP which is 6,555 and 2210 is delegated among in three communities.
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From 4,538 SP ,I have written to 1 SP to check Amount of Vest here is 1,758.989745 . IT means Number of Steem Power influence in increasing and decreasing the value of Vest in per SP amount.
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Here with I have added my total Steem Power into delegated block to check the amount of Vest in given value of SP. Hence, We see that there is 11,530,177.166417 Vests in 6,555 Steem Value which means the amount of Vests is directly proportional to the value of SP having in our Steemit Wallet.
Now I look at my account to check Mvesty, I assume it has 35000 Steem power. I will check my Mvest the same way as last time I asked.
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In available 4438 SP i have added 35000 to check amount of Mvest it shows the clear results are 61,564,601.723057 . While doing this activity, I came to know that the rate at which the stem power is converted into the vest is not constant. Whenever it changes by adding the different figure of Sp. Good point is that it will increase by enhancing our Steem Power.
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I have checked Mvest and Vest value by using Steemdp source through I get to know that I have 8.055 MV and 8,055,062.757 Vest from my current total 4,579 SP .
Hence , Steemit Users can use this process to see exactly how Steem Power is converted to its Mvest counterpart, Additional improving their acknowledgement to supply of Steem in market and users can better get advantages to earn from doing so in the Blockchain of Steemit.
@m-fdo and @eliany to share your valuable feedback and acknowledgement on this informative theme of the engagement challenge
| Discord | Uzma4882#9176 |
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| Know About Me | Introduction |
| Club Status | #club75 |
Hola amiga, me encantó su manera de explicar todas las preguntas del desafío. Me alegro que haya podido abarcar cada una de ella con un lenguaje claro y sencillo. Es bueno poder disfrutar de excelente contenido como el suyo ¡Felicitaciones!!
Le deseo mucho éxito en su participación.👍
Dios la bendiga 🙌
Los Mvest nos hacen parte de los inversionistas de la plataforma, algo bien interesante invertir y a su vez generar ingresos, aumentar nuestro poder de voto y la influencia.
Gracias por destacar, saludos y éxitos.
Saludos, Es bueno ver sus valiosos comentarios sobre mi reconocimiento sobre la importancia de Mvest en el concurso de Steemit Blockchain. Tus observaciones también son válidas. gracias mantente bendecida.
Thank you for providing additional information about the term "Mvest" in the context of Steem Power on the Steem Blockchain and Steemit Platform.
Well done @uzma4882! Your contribution to the Steemit Crypto Academy contest on MVEST is truly impressive . Your post is Informative well-structured and engaging. You have successfully explained the intricacies of MVEST and its significance within the Steemit ecosystem. I appreciate how you highlighted its impact On voting power rewards & curation efforts . Your writing style is clear & concise Making it easy for readers to grasp the topic. Keep up the great work
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
My publication is Shared on Twitter
awesome post. now I have understand vests and Mvest is different. Good luck to you my friend
Hello Sis @uzma4882 👋
Your publication about the topic Mvest is totally impressive. You have nicely explained about Mvest and its importance on the Steemit platform. I really appreciate your efforts.
Success to you 🤗
Hello, wish you a happy day.
Your content is absolutely right and influential.
Yes you are right Mvest is a unit in measurement of Steem Power in the context of Steem Blockchain and Steemit Platform
The more Mvest you have, the more Steem power (SP) you will get.
Mashallah
you have greater influence in in steemit and I wish it grows further. SP is your asset which determines your influence.
Moreover, your calculation for 35000 SP is precise, you have calculated your data in vests, for Mvest you will divide it with 1,000,000 to get it in Mvest.
Best of luck for the contest