At first, I would like to thank @cryptokannon for this post. This post has helped me to understand the concept of how the reward & witness system on the steemit ecosystem works and the role of community in this platform. Now I would like to go on to share my understanding of curation and community.
"How Voting & Curation Works On Steemit"
Steemit do not pay the users for their post.What they do is, they rewarded the users for posting qualitiful post, for making qualityful replies and comments.There is a fixed reward pool on steem blockchain.Once any user votes on a post, he/she satrts distributing rewards from the reward pool to the creator of the content (author). Author is rewarded by author rewards.
"Curation Reward Distribution( author vs curators)"
Time | Curator Rewards | Rewards that goes to the pool |
---|---|---|
The moment of posting | 0% | 100% |
At 1 minutes | 20% | 80% |
At 2 minutes | 40% | 60% |
At 3 minutes | 60% | 40% |
At 4 minute | 80% | 20% |
At 5 minutes(or later) | 100% | 0% |
If I vote a post before 5 minutes marks after posting , 100% of the curation reward goes to the curator.
"How Witnesses works in Steemit"
I would vote for @steemchiller and @justyy because they are 1st and 3rd position respectively. Again, I have used their website already and I know they are trustworthy.
"Why I Choose to Join some Communities"
- Newcomer's Community: This Community is for the newcomers achievement Program.
- Steem Bangladesh: This is the largest and most active community of Bangladesh. As a resident of Bangladesh, Its my moral job to join.
- Steemalive: This community is very active. I just loved their vision and joined. Now I am engaged with the community.
- World of Xpilar: I joined the community to see the qualityful post about Art,Travel letters, photo art, pictures from nature, animals and more.
- Project Hope : I am interested in cryptocurrency, entrepreneurship and economy etc.
- World Of Football: I am a football fan since childhood.Now I am engaged and posting regularly there.