club5050 || Achievement 6 Task by @luckydrums : Understanding Curation and Community
INTRODUCTION
good day steemians, I hope you all are fine, I'm so happy to because I have almost come to the end of this achievement task, it's been a hectic but nice experience and I can say I have learnt quite a lot from this task, I really grateful to @cryptokannon and the newcomers Community for putting up the achievement task together, it's indeed a wonderful initiative.
Today I will be leaving my submission of the achievement 6 task on the topic " curation , witness and Community ". To do so I will be answering the following questions
Do you understand how voting and curation works in steemit
As you all know , the steemit platform rewards people for creating and curating quality contents, so how does this work ?
when a content is created in the block-chain, other users of the platform having read the contents and found it good or not good can rate the content by either upvoting or downvoting it.
when a content is upvoted, some reward are distributed or given to the content creator from the reward pool, the reward is shared between the content creator and the curator at 50/50 proportion. The more the steempower of the curator , the more reward distributed from the pool to the account and the more reward is re-distributed back into the pool in case of a downvote
What happens it you vote a post before 5 minutes marks after posting.
like I ever said, when a post is upvoted the reward is shared between the content creator and the curator equally but the reward allocated to the curator can be reduced or altered, this is dependent on when the curator upvotes the post.
If the post is upvoted between 0 to 59 seconds of posting, no reward will be giving to the curator.
At 1 min to 1min59sec after post only 20% is given to the curator.
at 2min to 2min59sec after posting, only 40% is given to the curator.
At 3min to 3min59sec after posting, only 60% is given to the curator.
At 4min to 4min59 sec after posting, 80% is given to the curator.
At 5min and beyond, 100% is given to the curator.
Who will you vote for Steem Witness ? and Why?
witnesses are people that maintain the database (block-chain) where all contents is stored , they're elected to produce new blocks and act as the networks governance body, 10% of created steem token is given to witnesses, the witnesses produce a new block every 63 seconds.
The witness I would vote for is @steemchiller, he has done quite an impression job in the platform, his Dapp steemworld.org is one which I use very frequently and it has really been of great help. So I would love to vote him just to show my appreciation for steemworld.org
I hope you have learnt something today, thank you for taking your time to read this post and for all your support up till now.
Special thanks to @ngoenyi, @xkool24, @whitestallion and @cryptokannon
Hello dear @luckydrums, congregation on your sixth Achievement. You have been verified and may now proceed the compilation Task where you are required to compile all achievements from 1-6 in a post.
Thank you for completing this achievement.
It's also very important for you to join #club5050. To join the club you need to power up at least 50% of your monthly earnings. You can also join #club75 where you will power up 75% of your earnings for 2 months or #club100 where you are to power up all your earnings for 3 months.
Thank you for completing this Achievement!
Task rate: 3
Hi, @luckydrums,
Your post has been supported by @ngoenyi from the Steem Greeter Team.