Achievement 6 Task by @thirdeye7771: Understanding Curation and Community
As I am finally drawing to the end of the achievement tasks, I will like to say a great thank you to @cryptokannon for guiding me through these achievement task. After reading the post on the reward system on steemit and steem ecosystem, I like to write on how the voting and curation system works on steemit, steem witnesses and which community to join and why.
HOW VOTING AND CURATION WORKS ON STEEMIT
- Voting
Before you get curation rewards is only through votes that a user can get curation rewards. A user can either downvote or upvote a blog or a comment. There is a fixed reward pool from steem, the more steem power you have determines the reward worth you can distribute from the reward pool. Your voting mana also determines your voting percentage on a post. The more you use your voting mana your vote percentage reduces, but this recharges by 20% everyday. Below is an image on how to vote for a content, You can use the up arrow for upvotes and the down arrow for downvotes. You will see a slide bar to adjust your vote percentage when you reach 500 SP.
- Curation
After you vote and rewards are being payed out, 50% of this rewards goes to the author of the post and 50% of the rewards goes to the curator. This can be seen in the above image that the reward is split in to two and the author gets 50% and the curator also gets 50%. The curator may only get rewards for upvoted post but will not get any rewards from post they downvoted since downvoting reduces the rewards on a post or comment. But the curator may not receive 100% if the curator votes for the post in less that five minutes. Now this is how it works.
- If the post is voted just immediately the author post his content, 100% of the curation reward remains in the rewards pool.
- If the post is voted just at 1 minute of the post, the curator will receive 20% of the reward and 80% will remain is the reward pool.
- Also if it is at 2 minutes, curator is rewarded 40% and 60% goes to reward pool
- The same at 3 minutes, the curator receives 60% and 40 goes to the reward pool again. This keeps reducing and increasing respectively.
- If the post is voted at 4 minutes, the curator receives 80% and 20% then goes to the reward pool.
- Finally after 5 minutes onward going if the curator votes a post, all 100% of the reward goes to the curator and nothing goes to the reward pool.
STEEM WITNESSES
These are people that creates blocks for communities and they are usually elected or voted by communities to act as the network's block producers and governance body. There are 23 people that work as full time witnesses and they provide a block every 63 seconds. This witnesses are compensated with steem power and every user can equally vote for a witness. The maximum number of witnesses a user can vote for is 30, and since every users vote weighs differently the more your steem power the more your vote weight which can push the witnesses to the top. Some users I would vote for on steem it is @steemchiller and my reason being that they created am amazing tool called the steemworld tool. You can access this tool by going to www.steemworld.org.
STEEM COMMUNITIES
Actually there are quite a number of interesting communities on steemit and I have already joined a few. Before joining a community you should look at what their agenda is, what kind of post they do in that community and more over their rules and regulations. For me personally among the communities I have joined so far this are some of the communities I enjoy most.
- Newcomers community
I think think this is the most important community when you join steem it because this is where you get to do your achievement task and gain more experience on steemit. Through the achievement task users also gain more reputation and steem power in other to take part in some community activities. - Steem Ghana
Ghana is my home country and I believe it is good for me to be in this community to learn more and also promote this community to the best way I can. - World of Football
I love football so I joined this community to have fun and also learn more in the world of football. - SteemitCryptoAcadamy
If you love cryptos join the crypto academy. Although I have not yet been able to participate in this community since my reputation has not reached 50 but I still learn a lot from the professors and users in the crypto world.
This are some of the communities I like and my reason, thanks for reading, good bye for now.
Hey @thirdeye7771, this is Aniqa Mashkoor a greeter helper.
Congratulations you have successfully completed all your achievement tasks from 1 till 6. Now you can compile all of them in a single post.
Hope so you learnt and enjoyed while making your achievements.
TASK RATE:3
Happy steeming :)
Thank you.
Hi, @thirdeye7771,
Your post has been supported by @boss75 from the Steem Greeter Team.
Thank you