Grassroot Crypto Education | Series 2 Volume 5- Contest: Draw the Logo of your Favorite Altcoin
Hello friends,
With joy of heart I submit the entry to the contest given by Prof @fredquantum.
Before then, I warmly extend my greetings to all members of this great community and I must admit, I am greatly impressed at the rapid growth and development of this community, I hope my warm greetings is accepted.
Not wasting much of our time, permit me to begin the contest.
DEFINE ALTCOIN
The word Altcoin is not new to many of us, especially those that were privilege to participate in the crypto academy.
And it might still be new to some in our midst, most especially the newbies.
Definitely we all know what Bitcoin is, it is a digital asset, it is the first cryptocurrency to ever come into existence, and it was created in the year 2008 by Satoshi Nakamoto.
Right after the creation of Bitcoin, there were other cryptocurrency that came into existence, they are classified as Altcoin.
Altcoin is a short name for alternative coins, and it refers to other cryptocurrencies aside Bitcoin.
The first Altcoin to have come into existence was created in 2011, and it is popularly known as namecoin.
It was created with the same properties of Bitcoin, it run under a proof of work consensus mechanism, using it for transaction verification.
There are several examples of Altcoin and some of them are
- Ethereum
- BNB
- Avalanche
- Steem
- Litecoin
- Ripple
Etc
There are so many Altcoins that we can't mention them all.
WHAT IS YOUR FAVORITE ALTCOIN? WHAT YEAR WAS IT CREATED?
WHAT IS YOUR FAVORITE ALTCOIN? WHAT YEAR WAS IT CREATED?
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Then name of my favorite coin is Avalanche (AVAX). It happens to be the fastest Smart contract platform in the blockchain industry.
Avalanche was created on the 21st of September 2020, and it's native token is AVAX, which is used to keep the platform secured through staking, it is also used as a medium of payment on the network.
Below are some statistics of AVAX gotten from coinmarket cap.
| TOKEN | STATISTICS |
|---|---|
| Name | Avalanche (avax) |
| Price | $29.01 |
| Rank | #14 |
| Market cap | $7,803,574,133 |
| Circulating Supply | 268,948,345 AVAX |
DRAW THE ICON OF YOUR FAVORITE ALTCOIN
To attempt this section of the contest, I first of all got all my materials ready.
Materials like pencil, eraser, a complete mathematical set and a crayon, just as seen below.
The first thing I did after I got my materials ready was to draw a straight vertical line
All my initial drawing was done with thin lines inorder for mistakes to be easily corrected.
- I then noted two points at the end of the vertical line.
Then I took my compass, already fixed with pencil. I placed the sharp point of the compass on the end of the horizontal line and the pencil at the other end of the horizontal line.
- I then drew an arc on both sides, in a way that the arc will cross each other
- I did this so that I can get an accurate triangle, I then joined the three points together just as seen below
- After getting the shape of the token ready, I decided to begin thickening it, so it can look very nice.
- Then after the thickening was completed, I got this shape
- Then I decided to add the circle to the drawing, just as it originally look like
Finally!, I have gotten the shape I wanted, but something is missing, the logo is without a color, so I decided to add color to it.
And I also wrote my username on it just as instructed
And finally I took a picture with it to show that i did this myself.
CONCLUSION
Avalanche is a very good coin, and it became my favorite cryptocurrency because it is highly scalable.
I appreciate @fredquantum for the sponsorship of this contest.
Hello @jueco, it's great to know your favorite altcoin. Thank you for sharing it with us, I'll surely research about that altcoin.
Thank you very much @madilyn02 for your assessment, we love your hardwork and consistency
You have properly explained Altcoin and your choice of AVAX is great. I must say, you have made a very beautiful logo, well done. Unfortunately, there is an exception for verified kids that are already participating in the Academy. As such I won't be able to rate your entry, notwithstanding, your entry is well acknowledged. Thank you.
Hello @jueco, Your post has been selected as one of the quality posts for the day by steemkids community. Congratulations! Please keep making quality and original contents with us here. We love you so much and will like to read more of your posts.
Please endeavour to resteem, vote and comment on the post of selection. Thank you!
Thank you very much @steemkidss, I'm happy my efforts didn't go to waste