Understanding Club Status, its Purpose, and Period of Calculation (Practical Steps)

in Steem4Nigeria2 years ago

Introduction

Hello, everyone and I'm glad to be sharing a piece with you in this new month. I extend my warm greetings to you for making it to August, may it be a blessed one for you and all of yours. I will be taking you on the ride about a tutorial that sounds simple but a few existing users have not been able to understand the concept properly, likewise, our new users need to understand what it is all about. Let's get into it.


20220801_201604_0000.png
Designed with Canva


Club Status and How it's Calculated

Most of my tutorials/guides have been necessitated based on identified problems, I have encountered existing users who in many cases clash with MODs/Admins as regards club status while a few ignorantly utilize the tags of the club they don't fit in by calculation of their power-up/transfer-out.

Let's refresh our memory of the club status initiative, this is an initiative that was launched on Steemit in 2021 whereby users are required to power up a certain percentage or all of their earnings over a period to be qualified for either of the clubs (#club5050 or #club75, or #club100), of course, the calculation period of the clubs will be discussed as we proceed in this piece. Utilizing a club tag a user has not qualified for amounts to spamming.

There are a few things that necessitated the club initiative and some of them are:-

  • To stabilize STEEM's price in the market. Staking the asset will reduce its excess availability for trading in the market as it tends toward scarcity for a better Steem economy which benefits everyone in the long run.

  • To groom Steemians to be Independent in the Steem ecosystem, bigger Steem Power implies improved voting value as such powering up would enable members acquire more SP and be independent in the long with less dependence on the top accounts. This will greatly contribute to the development of many communities.


Club Status & Calculation Period

It's important to understand the calculation period of each of the club statuses and what is required as regards powering up to qualify for each. Let's see them below:

  • Club5050: This is the very basic of the club status initiative which requires that a user must have powered up at least 50% of his/her earnings throughout 30 days. For example, for every 100 STEEM, A must have powered up at least 50 STEEM to be qualified for #club5050. In essence, the power up >= transfer out.

  • Club75: The calculation period for club75 unlike the first one considered is 60 days as such the user must have powered up at least 75% of his/her earnings within that period. For example, for every 100 STEEM, B must have powered up at least 75 STEEM within the period. In essence, power up must be 3x or more of a user's transfer out within the 60 days.

  • Club100: The calculation period for #club100 is 90 days which implies a user must have powered up all his/her earnings within the period with no transfer out at all. In this case, the power-ups of a user must be consistent for three months and in totality (that is 100%) with 0% transfer out.


Most times, users who have not transferred out in 30 days and maintained 100% power up within the period misconstrued their status for #club100, this is wrong, above is the guide on the periods of calculation which can either be True or False for a period and not both (no exception).


How to Check your Club Status

There are numerous ways to check your club status for proper utilization of the club tag but I will only be talking about two ways in this piece today. Practical steps on how to use these tools (SteemCryptic and SteemWorld) would be discussed using my username for the demonstration. Let's get into it.


1. SteemCryptic for Club Status

iMarkup_20220801_132919.jpg
SteemCryptic Club5050 Page | Source

  • In the account name field, enter your username, for example, fredquantum. Select the starting and ending date, I'm interested in checking the eligibility of the account for #club75 as such period of 60 days would be considered, the period is 02/06/2022 to 01/08/2022. Click on the Fetch SBD:Steem Power Ratio button.

iMarkup_20220801_133025.jpg
Account Name and Calculation Period | Source

  • The process above fetches power up activities of the account as compared to the transfer out over the period. The last pie chart on the page is the actual ratio of power up to transfer out, take note of that.

iMarkup_20220801_133110.jpg
Power Up and Transfer Out Ratio | Source

iMarkup_20220801_133051.jpg
Power Up and Transfer Out | Source

From the result above, fredquantum has powered up 1208.814 STEEM and transferred out 222.001 STEEM in the last 60 days. Taking a look at the power up and transfer out ratio, the green side connotes power-up percentage which is about 84.4%, this means that the account is qualified for #club75.


2. SteemWorld Transfer Search

  • The second tool we would be discussing is SteemWorld Transfer Search. To use this tool, visit https://steemworld.org/transfer-search. We are interested in two things here, Transfer out and Transfers to Vesting (Power Up), unlike SteemCryptic, this does not automatically generate the ratio of power up and transfer out. Let's see the interface below.

iMarkup_20220801_140308.jpg
Transfer Search Landing Page | Source

  • From the landing page above, you can see the normal transfer which can be changed by selecting the drop-down to choose another option like transfer to vesting,transfer to savings, withdraw vesting (power down) and so on. The from field is where you will input the account's name which is followed by the date range, these are enough for the club status purpose as such ignore other fields for now.

iMarkup_20220801_140323.jpg
Transfer to Vesting Switch | Source

  • The account used in the previous section would be utilized for this as well, fredquantum. We are starting from normal transfer, input the name, date (60 days for Club75), and click the search button.

iMarkup_20220801_142841.jpg
Normal Transfer Search | Source

  • Having inputted the arguments above, the transferred out STEEM was shown which is 222.001 STEEM.

iMarkup_20220801_142858.jpg
Normal Transfer Result | Source

  • Now, switch to transfer to vesting, input the name, date (60 days for Club75), and click the search button.

iMarkup_20220801_142937.jpg
Transfer to Vesting Search | Source

The search from the screenshot above gives a result of 1,218.814 which is 10 STEEM more than the result of my power up on SteemCryptic, this is because I have transferred 10 STEEM as contest's prize to some users within the period and this tool puts that into consideration.

iMarkup_20220801_142950.jpg
Transfer to Vesting Result | Source


We have been able to get the amount of STEEM Power up and transfer out through the process above but that has not automatically given us club status as such, we need basic mathematics to get the club status.

  • My Power up = 1,208.814 SP and Transfer Out = 222.001 STEEM within 60 days.

  • Therefore, clubx/100 X (1,208.814+222.01) = 1,208.814.

  • clubx/100 X 1,430.815= 1,208.814.

  • Clubx = 84.5%.

The steps above confirm the eligibility of the user for club75 but the process seems lengthy. If you chose to use the SteemWorld Transfer to get your power up and transfer out history but find the steps of doing the calculation a bit cumbersome, I have written a simple calculator python program for the club status which you can paste into a python editor on your devices and supply your inputs, for quick calculation. Let's see the code below and the output.

power_up = float(input("Enter Your Power Up in Float "))
transfer_out = float(input("Enter Your Transfer Out in Float "))
sum_of_pt = power_up + transfer_out
club_percentage = round((power_up * 100)/sum_of_pt, 1)

print(float(club_percentage))

Let's run the code above in the editor using the transfers (out and vesting) gotten from SteemWorld.

Screenshot_20220801-134909_1.png
Simple Club Status Calculator Code | Screenshot from Mobile

Screenshot_20220801-134856_1.png
Simple Club Status Calculator Result| Screenshot from Mobile

You can see that the result from the calculator is the same as the calculation we made earlier and it saves you a lot of time, you only need the power up/transfer out value and run the program. Note: In the python program shared above, you must enter a float as your power up/transfer out input, that is it must be in decimals or else the program would return an error message.


Conclusion

In conclusion, it's a great pleasure to have been able to take care of club status-related issues in this piece of article. We have discussed how to use Steemcryptic and Steemworld transfer in the quest to fetch your club status, these tools are case sensitive as such use lowercases all through while inputting your account name, you are free to use any of these tools you found more comfortable. I hope you have learned a few things about this today. Thanks for reading.


Written by:-
@fredquantum

Sort:  

Congratulations!
This post has been upvoted through steemcurator07

Curated By - @enveng
Curation Team - Cosmopolitan

Thank you, @enveng.

Loading...
 2 years ago 

Congratulations, your post has been supported by @steem4nigeria. This is the official community account of Nigerians on Steemit. You can reach us here on our community account.

Manual Curator : @Reminiscence01

Subscribe and Join Steem4Nigeria Telegram
Discord Facebook Twitter

Hello, I will like to invite you to the ongoing Power up promotion and stand a chance of winning 2000SP in delegation. This is a great opportunity you wouldn't want to miss to build your Steem power and win delegation rewards. Join the contest using the link below.

Contest Alert (#growwithsteem-naija) Let's Grow Bigger Naija (Powerup/Promotion) by @ngoenyi. Win Monthly Delegation

Wow, this is indeed very informative prof, you have cleared a lot of air. I hope steemians will read through this post and learn.

Thanks for finding value in this piece, @simonnwigwe. And I hope it would reach more users (new/old) that may have doubts about the club status initiative thereby helping them to properly understand the concept.

Thanks for this write up, God bless you ✊

Coin Marketplace

STEEM 0.28
TRX 0.13
JST 0.032
BTC 66149.24
ETH 3015.59
USDT 1.00
SBD 3.73