Achievement 6 Task by @alegnita Understanding Curation and Community by alegnita

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· @alegnita · (edited)
$2.56
Achievement 6 Task by @alegnita Understanding Curation and Community
<div class="text-justify">Hello Community of New Comers'. Now I'm finally almost done with the achievements posted by @cryptokannon for newbies so they can get the basic knowledge to use, share and enjoy Steemit. I also wanna say thank you so much for helping me out so far, specially to @rishabh99946, @yohan2on and @njaywan (plus @sapwood). I've learned and enjoyed this process so much and now I'm ready for the next level ~>to reach the 500SP, hoping newcomers can get the same great experience. So, here you are my achievement #6:</div>

## About voting and curation in Steemit

<div class="text-justify">In first place, let me present this table I've made with the idea of a linear tendency towards the beginning and the ending of every generated post, where the % symbol is corresponding to the earned weight from a vote and the Steem's logo represents the rewards pool (the group of new available tokens in the ecosystem of Steemit due to the alive activity of users).</div>

<center>![IMG_20200930_164452.jpg](https://cdn.steemitimages.com/DQmaKxovJ19KZYK6oNc9bKFBoNUUg2Gh3nYKgufonpK7AeZ/IMG_20200930_164452.jpg)</center>

<div class="text-justify">Follow the recommendation of voting between the first 5 minutes to the 6 days and 12 hours because, as I'm showing in the table:</div>

<p><div class="text-justify">• Authors and curators will be rewarded the more since the proximity of the 5 min. period time. At the born of posts in 0 minutes, the whole tokens remains at the rewards pool if a vote is released in this point.</div></p>

<div class="text-justify">• At 5 min. to the 6 and half days, authors and curators will be practically earning equally, at the 100% weight of casted votes.</div>

<p><div class="text-justify">• And finally, since 6 days + 12 hours to seven days, authors/curators can't hope to get more than a vote casted at the previous time because now the linear tendency is decreasing: it goes from 100% to 0% for rewards every 25% in a rate of three hours, according to the table.</div></p>

<div class="text-justify">Distribution of a vote's value is going as following:</div>

<p><div class="text-justify">• 65% that is at the same time a split in two equal parts between the author and curators (in the case of under 500SP holder author, who can set the desired percentage of earning once he reaches that number).</div></p>

<div class="text-justify">• 15% of new tokens that goes to the SP holders in Steemit.</div>

<p><div class="text-justify">• 10% is for Steem proposal system.</div></p>

<p><div class="text-justify">• And finally, the remaining 10% are for the Witnesses, which have an important work for the blockchain.</div></p>

<div class="text-justify">In order to avoid successive votes that will quickly decrease your curation earnings, the voting mana (voting weight that could decrease with every casted vote, expressed in %) is restored in a rate of 2% every two hours, which allows you to vote at least ten times everyday. The idea of this is avoiding the abusive use of available votes in Steemit for every user because, obviuosly, the more SP users have, the more they earn with each vote.</div>

<p><div class="text-justify">Of course if you're a <500 SP holder,  you can set how much weight you want to give over posts instead of 100% as default once we start steeming in this platform.</div></p>

<p><div class="text-justify">Also, take in count that the value of votes could be changed during the seven days period. This is due to the influence of votes/downvotes that others received in that time. In other words, it's a distribution / redistribution of tokens from the rewards pool with every casted vote.</div></p>

## About voting for a Witness and why

<div class="text-justify">I've already voted for my 30 witnesses. I've seen an article of @stephenkendal (here's the <a href="https://steemit.com/promo-steem/@stephenkendal/please-help-support-the-steem-witnesses-by-showing-your-appreciation-with-a-vote">link</a>), where he left a list of recommended ones, who deserves a vote from us due to their efforts for Steemit, so I'm sure about this. No doubt. And because I couldn't find a pair of them (maybe that's because they were out of top 100), I had one vote remaining from my available list and I decided to cast the last one to @steem.history. I've saw him in World of Xpilar community showing genuine interest for the blockchain, asking aspects and interacting with others, talking about the good news regarded to Tron/Steem association for instance, so I said: my 30th vote goes to him.</div>

## About communities and why I've joined to them

<div class="text-justify">I'm practically active in more than a pair of communities over here in Steemit. Some of those are:</div>

<p><div class="text-justify"> <a href="https://steemit.com/created/hive-185836">World of Xpilar</a>: Despite I'm focused on engineering and music, I find photography as a great hobby that allows me to snap wonderful elements or moments of life in an artistical way, where I also appreciate art as a being human with that unique rational capacity. So, I love the photography/art contests that are actually running over there, moreover of writing ones  because I adore to create original texts too and participate/interact with others' posts.</div></p>

<div class="text-justify"> <a href="https://steemit.com/created/hive-137433">Music of Steem</a>🎵: as a flute performer, I wanted to join in this community of good musicians from the blockchain and starting to share my talent throughout their weekly contest by recording some of great songs.</div>

<p><div class="text-justify"><a href="https://steemit.com/created/hive-167622">Steem Alive</a>: As they set in this name, this is a very active community that contributes with the growing and spreading of Steemit. I happened to find this group recently and liked a lot this concept. They're organized by teams and carrying out many productive activities to keep _Steem Alive_.</div></p>

<div class="text-justify">Well, that's all in this final achievement from my account. Thanks for reading and giving the whole attention to my person. My best regards.</div>

<center>👷🏻‍♀️>>~•Alegn@•~>🎶</center>

***

><center>*** See you in next post *** 📝</center>
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@sapwood ·
Hi @alegnita

I appreciate your effort in this Task

> I clearly remember a good explanation of curation weight between author/curators that sadly I can't remember who wrote this, but he was talking about the first thirty minutes and the recommendation is to vote between the 15 to the 30 minutes because, as I'm showing in the clock:

Actually, it was the case before HF21. Post HF21 the reverse auction window has been reduced to 5 mins only. Further, the reward split is also changed from 75/25 to 50/50 between Author and Curator.

Steemauto is no more relevant to Steem.

I would request you to go through this to posts to have a better understanding of curation, voting.

- https://steemit.com/hive-172186/@cryptokannon/achievement-6-understanding-curation-and-community

- https://steemit.com/steemexclusive/@sapwood/understanding-pob-curation-and-voting-in-steem-blockchain


## Voting Window

In the context of payout maturity, the age of a post is considered as 7 days. During these 7 days, the post receives upvotes (or down votes if any) and the net amount matures at the end of 7 days and then available for claim.

Of the 7 days, the first 5mins of the post from the time of publishing in Steem Blockchain is known as Reverse Auction, in which a linear discount of curation reward applies.


![sap316.png](https://cdn.steemitimages.com/DQmZvwddtpt8GUT5WtKBKgKhSVexiwGaiXi7BWPKxABqLed/sap316.png)


For Instance, if a curator votes at 2 mins age of the post, he gives up 60% of his curation reward, similarly if he votes at 4 mins age of a post he gives up 20% of his curation reward. At 5 mins age of a post, the curator receives 100% of his curation reward.

> If a post is upvoted the moment of posting, 100% of the curation reward will remain in the rewards pool.
At 1 minute, the curator receives 20%, and 80% remains in the rewards pool.
At 2 minutes, the curator receives 40%, and 60% remains in the rewards pool.
At 3 minutes, the curator receives 60%, and 40% remains in the rewards pool.
At 4 minutes, the curator receives 80%, and 20% remains in the rewards pool.
If a post is upvoted 5 minutes (or later) after posting, 100% of the curation reward goes to the curator.

---

**Example,**

The upvote worth of a voter is $1. As 50% of the vote value goes to the author and the remaining 50% is for the curator. The normal curation reward for the voter should be $0.5 worth of SP.

Let's say the voter votes a post at 3 mins age of a post, due to reverse auction he will give up 40% of his curation reward, so in this case, he will get $0.3 worth of SP. If he votes at 5 mins age of the post, he will get 100% curation reward which is $0.5 worth of SP.

---

The lost curation reward in the Reverse Auction window goes to the Reward pool.

From 5 mins age of the post until 7 days the curator receives full curation reward.

However, there is a caveat, if a curator votes after 6 days 12 hrs age of a post, the upvote worth starts decreasing at a linear rate from 6 days 12 hrs and becomes zero at 7 days. Voting at 7 days or thereafter will not generate any monetary value. 

---

**For instance, Let's say Steemcurator01's upvote worth with full weight is $200.**

- If Steemcurator01 upvotes at 6 days 12 hrs age of a post, then the upvote worth will be $200, (full value, full weight).

- If Steemcurator01 upvotes at 6 days 15 hrs age of a post, then the upvote worth will be $150, (75% value, with full weight).

- If Steemcurator01 upvotes at 6 days 18 hrs age of a post, then the upvote worth will be $100, (50% value, with full weight).

- If Steemcurator01 upvotes at 6 days 21 hrs age of a post, then the upvote worth will be $50, (25% value, with full weight).

- If Steemcurator01 upvotes at 7 days age of a post, then the upvote worth will be $0.

---

**Put simply, the general voting window is from 5 mins to 6 days 12 hrs age of a post.**

---

## Post Payout & Reward Setting

Every post in Steem matures at 7 days, and the reward is available to claim for both authors and curators. Once you click on the **claim**, it will be added to your wallet balance. 



![5.png](https://cdn.steemitimages.com/DQmP7jw4AFdkZgxXxarVWfNASPRUpYSCdgaqUMEbae642uK/5.png)



**There are three types of Reward settings:-**
- 50% SBD/50% SP
- 100% Power Up
- Decline Payout

<center>![sap315.png](https://cdn.steemitimages.com/DQmUzHDNP41m4u5Ry8JFGmdjT1SU44fwZrdR42jM2kDcceb/sap315.png)</center>

The default setting is 50% SBD/50% SP. 

**Decline Payout** means the author refuses to take any reward from the pool. 


![1.png](https://cdn.steemitimages.com/DQmc5Tp7m8Mv9x73SvqEpcE8HBNj6WjMurz8SUJR5irmiVb/1.png)

So, please go through this, and accordingly edit your post to complete this task. If you need any further help, please feel free to ask.

Thank you.

---

by @sapwood a Steem Greeter from [STEEM POD Project](https://steemit.com/the100daysofsteem/@steemitblog/100-days-of-steem-day-40-introducing-the-steem-pod-project) and we are voting with the Steemit Community Curator @steemcurator03 account to support the newcomers coming into steemit
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@alegnita · (edited)
Wow, this is a very complete content! Thanks a lot. Now with this I'll have a better understanding of these processes in Steemit. All right. Let me study this carefully and I'll be editing soon.👍🏼 Regards from Latin America 🌎
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@sapwood ·
I appreciate this positive response.
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@steemcurator03 ·
Thanks for completing Achievement 6: Understanding Curation & Community feature. You have accomplished **Achievement 6**. Congratulations upon finishing all the achievement tasks. Kindly create an article compiling all the achievement tasks from 1-6.

You have been upvoted by @sapwood a Steem Greeter from [STEEM POD Project](https://steemit.com/the100daysofsteem/@steemitblog/100-days-of-steem-day-40-introducing-the-steem-pod-project) and we are voting with the Steemit Community Curator @steemcurator03 account to support the newcomers coming into steemit.

---

Follow @steemitblog for the latest updates on Steemit. Participate in the ongoing #thedairygame Season 2 challenge, Engage by commenting on other's diary post and earn upvotes in #onepercent #diarydoctor Lucky10's.
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@alegnita ·
Thanks. I'll prepare the summary post. Wish you a great new month starting.
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@haikubot ·
<em>Thanks. I'll prepare the 
Summary post. Wish you a 
Great new month starting. 
</em>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>- alegnita</sup>

---
<sup><sup><em>I'm a bot. I detect haiku.</em></sup></sup>
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