Achievement 6 Task by @mbozekobrice : Understanding Curation and Community
How Curation Works On Steemit
Every one of us needs support in what ever we do and steemit is a platform not left out in this theory. Curation and voting are the terms used to describe support given to another person's post on the platform. Just like any other social media platform such as Facebook or Instagram, our comments and likes give more meaning and visibility to another post.
Voting for a post can be done by clicking through the options below the post as seen in the picture above. Voting could either be and Upvote or downvote. Voting on a post gives some reward to the author. This process of reward distribution is known as curation.
The amount of reward is determined by the steem power of the Voter's account i.e. voting mana currently possessed by the account. It is initially set at a 100% and deducts 2% when the vote is cast at full power of 100 percentage. It also recharges by 20% daily and users have to wait for it to recharge once theirs is exhausted. The voting mana also determines the amount of influence you have on the reward distribution.
In order to check your remaining voting mana, you should use third party tool like Steemscan and Steemworld. Allocation of the rewards is such that 50% of it goes to the author of either post/comment and 50% goes to the curator. Time is an important factor in this entire process to get full benefits.
Once a post is published, 100% of the curation rewards remains within the pool when the curator votes at the moment of posting. And as time progresses, this is what happens as on the table below.
Time | Curator rewards | Rewards that goes to the pool | After the minute mark | 20% | 80% |
---|---|---|
After 2 minutes | 40% | 60% |
After 3 minutes | 60% | 40% |
After 4 minutes | 80% | 20% |
After 5 minutes | 100% | 0% |
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