Steemit Crypto Academy Contest Season 6 Week 2 [Summary]-Centralized Cryptocurrency Exchange Platforms and Its Risks
Introduction
The second week of the sixth season of the commitment challenge, which took place from November 28 to December 4, 2022, ended to close the participation in this competition in full success. In this report, we will summarize all the data we had during this period regarding your participation in the competition organized by the Steemit Crypto Academy community which aimed to study the main topics related to the Centralized Cryptocurrency Exchange Platforms and Its Risks .
As mentioned earlier, the theme for the fourth week's contest lingered on Centralized Cryptocurrency Exchange Platforms, in which our dear users were asked to give their opinion on the following points:
How do you agree with this saying “Users may be surprised to learn that in a bankruptcy scenario, they may not consider the cryptocurrencies and funds deposited in their accounts as their own”?
Explain, from your point of view, why did the FTX platform go bankrupt? how did you find it? What are the other consequences of this accident?
If you are so pessimistic, what do you think is the worst thing that could happen to cryptocurrency after the FTX incident? And what will be its impact on Bitcoin?
Could this incident reinforce the view that cryptocurrencies are outdated and unstable, because they do not have collateral, unlike state currencies such as the euro or the dollar?
Do you think that Binance's decision to buy FTX will reassure the previous investors of this platform and what is the future of the FTT cryptocurrency?
In general, we received good posts this week in terms of quality of content, although the number of participations did not meet our expectations, perhaps this drop is explained by the degree of difficulty of this subject which was higher compared to the past weeks and we hope to discover other competent participants in the coming seasons. So without talking too much, we go directly to the stats and nominations.
Participation statistics
In this second week, we checked a total of 20 entries, all of which were selected because they met all the conditions for participation. Below is a summary table that categorizes these entries.
| Total Entries | Invalid Entries | Plagiarized Content |
|---|---|---|
From the performance graph above, good scores dominated with 71%, followed by average scores with 14%. Of the total number of entries, 5% hit the excellent domain, and 5% also hit the below-average items. On the other side, plagiarized and invalid entries are 5% and 0% respectively.
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Top 3 users of the week
| Ranking | Username | Article |
|---|---|---|
| 1 | @gentle | Link |
| 2 | @preye2 | Link |
| 3 | @cryptoloover | Link |
Conclusion:
At the end of this adorable sixth season, we can only appreciate the efforts of Internet users who participated in this second week and we invite everyone to ensure that their articles are checked in complete transparency. And for users who deliberately commit plagiarism, they are muted within the academy and we hope this will serve as an example for all; so let's make the STEEM ecosystem healthy through our collective efforts. Thanks.
thanks for selecting my post I will do my best in future congratulations to other winners @gentles and @preye2
Congratulations to the winners. Hope so see more interesting enteries in this week and learn more.
Thanks for the report 😊.
Congratulations to my co winners @preye2 and @cryptoloover for winning this contest
Congratulations to the winners of the contest. It was really deserved and merited by the winners. This calls for hardwork too
Wow, am really grateful and fully motivated, as my article was found worthy to be among the winners of this contest. More grace and favour to the organizers and moderators of the Steemit Crypto Academy.
To my fellow winners, I say bigger congratulations, and more wins in this space❤️:-)