Steemit Crypto Academy Contest / S16W6: STEEM Tokenomics

How have STEEM tokenomics mechanisms, such as token issuance and distribution, evolved over time and influenced the availability of tokens in the market?

How can analyzing staking trends on the STEEM blockchain provide insights into community participation and its impact on the stability of the token?

How do incentive mechanisms, such as Proof-of-Brain, help shape the STEEM ecosystem and motivate content creators and curators?

What are the potential challenges related to the distribution of rewards on STEEM, and how might these challenges influence the perception of market participants?

How can STEEM’s deep understanding of tokenomics guide investors in their decisions, particularly around staking, content creation, and rewards management?

Hello dear friends just as always the crypto Academy Professional mod, has done very well by bringing out a very powerful and educative topic that would go a long way to the growth of all steemians. Do you know why I love crypto academy? I love crypto academy Because the prof are very consistent in giving us topics that would educate us more about steemit.

Before I continue I would love to talk about to tokenomics in the world of cryptocurrency and blockchain, mere looking at the term it's obvious that it was derived from two sentences. Which are "Tokens" and "Economics".

Token is a visual asset that can be used to exchange goods and services over a long period of time, because it's usually tired to a stable asset that usually gives it enough value or worth. On the other hand Economics is a social science skills that has to do the supply, demand, the trading , distribution, production, availability of an asset or property in a chosen period of time.

Before you talk about the tokenomics of steemit, you must know about steemit.
STEEMIT is a blockchain developed social media platform, that rewards users who create unique content on steemit though tokens like STEEM, SBD and STEEM POWER. This is done to encourage the content creators and help improve the social media world 🌍 into the a better one for everyone to leave in.

If you notice I only spoke about the monetary or would I say the economic aspect of steemit because it's the foundation and basic for everyone who wishes to explain this topic. This is to say you can't talk about the tokenomics of steemit without talking on how coin are distributed and their availability on steemit.

I would start with it availability, STEEM rewards are actually pulled from what we call STEEM reward pool, a new STEEM is also printed whenever block is created or sealed on steem block, the last time I checked 40 STEEM was mined every minute by Steem Witnesses .

This case scenario also also has experience on the steem blockchain token like zzan used in the Chinese community known as zzan and DWD used in the steem gaming community called drug wars etc. This token were built using Steem blockchain side chains like Steem Keychain, I am also glad to also announce to you that anyone can also create a token using this Tutorial.

Now I want to talk about Steem token distribution, Steem tokens and currencies are distributed to every steemians who creates unique and quality post on steemit, those who comment reasonably, those who vote on steemit those who power up steem to steem power, and the witness who creates the blocks.

Everyone who falls in the category above receive different percentages of rewards in different format for example witness, 10% of block rewards are given to witness, 75% are shared to steemians depending on the value of the post then 15 % is kept aside for community or blockchain development.

Also the prof was asking about how it evolves over time and influenced the availability of tokens in the market, every steemians on the platform for the past 6 years would understand that the reward ration is not always stable. With the disappearing and appearance of Steem backed dollar (SBD) we all know the value of rewards depend on the value of Steem and SBD at the time you post just got expired.

At most cases we start expecting SBD whenever steem price crosses $0.25 dollar, but as soon as SBD price goes lower than 0.25 SBD start disappearing and the value of content created starts to reduce. Currently steem is at around $0.29, so content creators receive higher rewards in a short period of time.

Staking is a very important activity done on almost every crypto asset because the can be used to generate passive income very easily, I must tell y same is the case on steemit this because there's a fixed interest rate for your steem power. Before I continue I want define staking. Staking can be defined as an act of investing on an asset, it's usually done by freezing the asset for a certain period of time that would make it almost for you to use your assets at the point in time.

On steemit your power and influence is highly affected by how much steem asset you have staked, on steemit this is called steem power because it gives you power to generate a lot of power and attractions at any given time of the day. Steem power is very necessary on steemit also there are graded in different sets of grade like:

Minnow: These are users that have at least 500 Steem power, this are big guys and are no longer seen as newbies on steem blockchain.

Dolphin: This are bigger and richer guy that has experience on steemit and I would say that make almost half of steemit content creators and voters, These set of Guys have at least 5000 Steem on the wallet. On each 5000 steem the make the achievement are doubled for example double dolphins, and triple dolphins etc

Orca: These set are bigger than the dolphins because they are have at least 50,000 steem asset on their wallet, this size of people are really rare but very valuable and influential on steemit this is because they have high voting power, a lot of friends and experience on steemit.

Whale: these are the biggest and largest set of investors on the platform although they are quite where but they are very very influential and powerful, they are called Whales because they are the biggest set of people on the blockchain and they have the power to make things actually happen on the blockchain.

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As I have said before taking your steem asset is very very important especially when running your daily activities, steam powers are very influential and I have noticed this that whenever a user with high steam power makes a post they are very much large audience and engagement on the article and this is because everyone is trying the best to make friends with this large investors. So therefore making more friends and promoting your page faster could be easier if you power up more steem to your wallet.

Concerning the stability of the asset as we all know now the growth of cryptocurrency actually depends on the adaptability and usability of that cryptocurrency that is to say the more they use case and adaptability of an asset the higher the chances to see their assets go in price and stabilize. Have you all know eventually if steam price successfully stabilize with a high value there will be more engagement and more users on the platform which is automatically a win-win for everyone on the blockchain

The proof of brain mechanism is a very very lovely mechanism that has really helped steemit meet is target over a short period of time, has been really helpful most especially when it comes to frittering unique and special day written post from low quality or plagiarized article on steemit. The proof of praying mechanism is really helpful in helping those unique creators stand out and guess rewards.

As the name implies it has to do it checking out the brain capacity and creativity of a user, that is to say with the help of proof of brain creative and unique content that deserves the recognition would get the deserved reward and support for their creativity and they use of their brain power efficiently in a format and manner that would give the blockchain freshness and uniqueness.

For example if you have been observant and you have enough experience on this blockchain he will notice that whenever your content is of low quality and lower quantity it experience lower engagement because the proof of brain mechanism subdues it publicity but whenever you take enough time to create awesome articles we notice that this articles quickly get noticed and get quality engagement that could be very rewarding at times.

They proof of brain mechanism is very important on steem blockchain because it gives users that encouragement, courage and hope that whenever the work hard they hard work wouldn't go in vain or wouldn't go unnoticed. This have been really really helpful in going the steem blockchain because it reduces chances of experiencing corruption and bias decisions on the blockchain.

The first thing this curators and voters look for before creating your article or your content is the uniqueness of the post and they sort of creativity that is seen on the post, this alone is a big motivation to all content creators because they believed that if they work hard they will earn hard rightfully without partiality.

From my perspective I would say that the proof of brain mechanism is one of the smartest idea and innovations that keeps steemit outstanding among other platforms worldwide where we have seen partiality dominate and infiltrate the rules and regulations of the community or the platform.

From my experience on this platform I will say through the truly they have been so many challenges that have been trying to spoil the growth and development on steemit blockchain. They have been so many reports of spamming, plagiarizing, copywriting creation of multiple accounts and so many illegal activities that could spoil and is distracting the growth of steemit.

All the illegal activities I mentioned above have one mission and go and that is to make extra illegal profit from steam it without doing what necessary like creating quality articles that would healthily grow the steem blockchain. This illegal activities are really harmful and dangerous to the growth of the blockchain.

In Some cases Whales on the blockchain vote their multiple account on steemit as a method or way to efficiently farm rewards on the blockchain without actually working hard for it. Instead of using their steem powers just as steemcreators have been using their steempower to support quality articles on steemit without any bias thoughts or corrupt attitude.

Talking about how this challenges affect steemit, before some people join a platform or a community they try the best to make confirmations about the community and how all their regulations are followed before deciding to partake in the growth of any community or platform that is why it is essential that we keep the name of steemit blockchain clean and very honorable so that whenever anyone want to join they will join with pride and not with question and fear.

For example imagine you have heard about a blockchain site where you create content and get rewarded with cryptocurrency, but when you finally agreed to cross check the site of platform you find out that they are totally strict towards any crime like plagiarism, spamming copyright infringement etc. Do you think you will rate that platform well? and do you think you would be able to join the platform? and the answer is Yes because those crime are terrible and the spoil the image of a platform.

If the blockchain once with corruption and biased integration then I said to you the poor who have no connections would stay forever from our platform and this is bad because it defects the soul goal of the creators of this blockchain technology. They blockchain technology was developed to help both the poor and the rich get rewarded by sharing that daily content on a platform.

In summary they different challenges on steemit influence the perception of market participant, by discouraging them, this honoring the platform, making users who trust and Faith on the platform also the devaluing the platform rapidly and by causing the platform to face legal consequences from any nation or citizen who feel they platform is harmful to the society.

Are there for if you actually love this platform you would try your possible best to stop and avoid criminal activities on this platform also he could help by reporting any criminal activity on this platform to any of the detective or steam creator on this platform and believe me they would work efficiently and effectively to eradicate the bad eggs on this platform.

One thing is for sure is that I know that knowledge is power and that is why I value knowledge so much because knowledge could get you to so many places that you don't ever know and you might never ever know.

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The knowledge and tokenomics given to investors content creators and every lover of the platform would really ignite the fire and inspiration to work harder in order to generate and benefit from this also blockchain technology that could change your life educationally mentally financially and even physically in a very short period of time because of how valuable it is to all traders and investors worldwide.

For example if you don't know about the tokenomics of steem blockchain as an investor you would see it unnecessary to invest and stake your steem into steem power.

But I am here to tell you that staking your steem into steem power is one of the best decision you can ever make because it generate you money or crypto from different aspects and different manners, for example like you gets rewarded by using your steem power to vote/curate on all other users post, also just for having your steem powers you are entitled the sure 15% blockchain reward shared to all investors and every period of time.

Also knowing about steem tokenomics you would know facts, data and rules that are required to successfully create a unique creative and very coordinated article on steemit that could easily attract good creators and community members at a short period of time. That is to say you would start receiving so much engagement and reward for knowing how to create articles and using that knowledge efficiently and effectively.

Talking about reward management I must say it is one thing to get rewarded on steemit and it is another thing to know how to effectively and efficiently management in a manner that would keep you in the spotlight for a very long period f time and would improve your engagement and follower on the platform.

A little advice for me to you is that try your best to get enough knowledge on the tokenomics of steem to help you grow very fast as a content creator, stay very safe and maximize your profit as an investor and enjoy your stay by benefiting from all the profit and success that comes with steemit by maintaining your reward or steemit blockchain.

I will say that the tokenomics of steemit blockchain technology is a very interesting one that has the growth of all its account at heart and making a platform a better place for all. That is why I would advise everyone to keep in into the plans and future of the platform instead of creating challenges that's could hinder the growth of the platform.

_{I wish to invite @abdulhakeem786 , @ngoenyi, @sahmie @chants and @hamzayousafzai. Thanks for going through remember starrchris cares ❤️}