Steemit Engagement Challenge | S4W2 | Explanation of CBDCs.

in Steem4Bloggers2 years ago (edited)

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We have seen a lot of great posts this week and we hope to see even more great posts next week. In this post we will tell our users about the topic of the second week of season 4. As you all know this community is all about crypto and technology. So our topic of week 2 is going to be very interesting for crypto lovers.



CONTEST THEME



We all know that cryptocurrency is growing day by day and making progress by leaps and bonds. Different countries have accepted the cryptocurrency as the payment method while the others are still afraid of the anonymous nature of cryptocurrency assets. The future of the cryptocurrency is very bright as it has been adopted by many popular states, brands and companies. In this post, we expect from you to explain about the Central Bank Digital Currency tokens. So, there are some points that you can explain in your this post.



CONTEST QUESTIONS OR HINTS



  • What is your understanding about CBDC (Central Bank Digital Currency)?

  • Is your country has its own CBDC? If not, share your opinion about its presence in your country.

  • Importance of CBDC in the financial system.

  • What do you think if it is the need of your country or not?

  • Advantages and Disadvantages of CBDCs.

  • Is it a global need? Give your opinion on it.



RULES & REGULATIONS OF THE CONTEST



  • Post must be unique and more than 400 words.

  • User must be bit bot free and verified.

  • Your post should be titled "Steemit Engagement Challenge | S4W2 | Explanation of CBDCs by @username".

  • Plagiarism of any kind will not be tolerated, and anyone caught doing so will be disqualified from the contest.
  • Subscribe steem4bloggers community and Invite 3 of your friends to participate in the competition.
  • Please resteem this post and leave your entry link in the comment section of this post.
  • Take your own photos and otherwise take from free websites if you use from internet.
  • Please set 15 percent beneficiary to @hive-109435, for the development of this community. (Not Compulsory)

  • This contest shall run till Sunday, september 11, 23:59 PM UTC.



OUR GRADING SYSTEM



Dear @username, Thank you for sharing your Quality Blog with our community in the Season 4 Week 02. Your Post Information has been given below:

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Club#club
#Steemexclusive✅ / ❌
#burnsteem25✅ / ❌
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PeriodLast _ Month
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Transferred Outxxx

Valid Commentsxyz
Total Votesxyz
Voting CSIxyz

Post Quality: /10

  • Reviews:



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Sort:  

CBDC = Central Bank Digital Currency - NOT Central Bank of Digital Currency.

 2 years ago 

Dear sir, it has been changed. Thank You for the correction.

 2 years ago 

Thanks a lot sir for the correction.

 2 years ago 

Yes sir you are right

 2 years ago 

Another very informative and excellent contest from your side. Yeah CBDC in future will be the trending because The Federal Reserve is committed to ensuring the continued safety and availability of cash and is considering a CBDC as a means to expand safe payment options, not to reduce or replace them. Sometimes it is considered safer than cryptocurrency as it is in fiat form but cryptocurrency has its advantages of having decentralized option. Soon I will make my post about CBDC . Thanks for you efforts ☺️

 2 years ago (edited)

Another interesting contest this week... It's a contest worth participating

We hope to review more entries this week

 2 years ago 

Very Nice contest for "Steemit Engagement Challenge Season 4 Week 2" with Theme about Central Bank of Digital Currency.

It's a slightly complicated theme but it's great for us to get this information. I wish this contest a success with many participants taking part in this contest.

Central Bank of digital currency.

Hmmmm this is going to an interesting week because it will actually reveal the state of digital currency in most countries and for me i will get to know more about digital currency in Nigeria which is a good knowledge.
Ok lets see how it goes.

 2 years ago 

Waoo hoo this is so beautiful of this community for I really love the contest that come up and I can wait to be a participant of this contest
Once more thank for this beautiful contest

 2 years ago 

Another interesting topic is here. Wish to see informative and impressive entries. Good luck for all.

 2 years ago 

I think it's a very interesting contest. Almost people will be interested to participate here. I am interested in seeing the entries of the participants in this contest. Hoping to see many more valuable posts.

 2 years ago 

Interesante material que me toca investigar para traer información relevante para este compromiso.