Difference between revisions of "STEEM Power (SP)"

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Steem Power (SP) is STEEM (see [[STEEM_Tokens]]) that has been locked in, meaning it can't be immediately withdrawn to spend.  
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STEEM Power (SP) is STEEM (see [[STEEM_Tokens]]) that has been locked in, [[Vest|vested]], meaning it can't be immediately withdrawn to spend.  
  
Steem Power is what gives you influence on Steemit. The more SP you have, the more money you give to authors with an upvote as well as the greater the curation rewards you can earn. There is a very small 'interest' rate earned by holding Steem Power.
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STEEM Power is what gives you influence on Steemit.<ref>'''[[Steemit]] FAQ''': [https://steemit.com/faq.html#What_is_the_difference_between_STEEM__STEEM_Power__and_Steem_Dollars What is the difference between STEEM, STEEM Power, and Steem Dollars?] Retrieved in August 22nd, 2017</ref> The more SP you have, the more money you give to authors with an upvote as well as the greater the curation rewards you can earn. There is a very small 'interest' rate earned by holding STEEM Power.
  
Converting STEEM to SP in called powering up. This can be done by clicking the down arrow next to the STEEM in your wallet and selecting power up. 1 STEEM = 1 Steem Power when powered up.
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Converting STEEM to SP is called powering up. This can be done by clicking the down arrow next to the STEEM in your wallet and selecting power up. 1 STEEM = 1 Steem Power when powered up.
  
To unlock SP and convert it back to STEEM you have to start a "Power Down" process which moves 1/13th of your Steem Power per week back into Steem (which is spendable) over 13 weeks. So for example, if you have 1300 Steem Power and power down, you will have 100 Steem a week unlocked into something you can spend, trade, transfer or withdraw.
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To unlock SP and convert all or parts of it back to STEEM you have to start a "Power Down" process which moves 1/13th of the STEEM Power you want to power down back into Steem (which is spendable) per week over 13 weeks. So for example, if you have 1300 STEEM Power and power down all of it, you will have 100 Steem per week unlocked into something you can spend, trade, transfer or withdraw.
  
==Links:==
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STEEM Power can also be delegated to other users. Delegated SP increases the influence of the receiving user to the same level as if he owned the STEEM Power himself. However, the delegator remains in full control of the delegated SP and can take back a delegation at any time. Delegated SP cannot be powered down, neither by the delegator nor by the receiver. When SP is undelegated, it immediately reduces the influence of the former receiving user, but takes 7 days until the SP is available again to the delegator.
  
* '''@sykochica''' : [https://steemit.com/steem-help/@sykochica/answering-common-questions-steem-steem-power-steem-dollars-and-what-should-i-do-with-them Answering Common Questions: Steem, Steem Power, Steem Dollars and What Should I do with them?]
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==References==
* '''@sigmajin''' : [https://steemit.com/interest/@sigmajin/understanding-the-steem-economic-system-vests-sbd-steem-dilution-interest-and-all-those-crazy-things Understanding the Steem Economic System Vests, SBD, Steem, Dilution interest and all those crazy things]
 
  
==See also==
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<references />
  
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==Links==
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* '''Steemit''' : https://www.steemit.com ''Retrieved in June 29, 2018''
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* '''[[Soliciting Power]]''' : https://solicitingpower.com ''A gallery of Steem projects worth supporting (with your delegations). Retrieved in June 29, 2018''
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* '''@donkeypong''' : [https://steemit.com/steemit/@donkeypong/still-confused-by-steem-steem-dollars-and-steem-power-the-power-plant-analogy Still Confused by Steem, Steem Dollars, and Steem Power? The Power Plant Analogy] ''September 7, 2016''
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* '''@sigmajin''' : [https://steemit.com/interest/@sigmajin/understanding-the-steem-economic-system-vests-sbd-steem-dilution-interest-and-all-those-crazy-things Understanding the Steem Economic System Vests, SBD, Steem, Dilution interest and all those crazy things] ''August 2016''
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* '''@dimimp''' : [https://steemit.com/introduceyourself/@dimimp/please-help-addicted-to-steem-i-put-my-life-savings-into-steem-before-making-my-first-post-i-only-have-1-question PLEASE HELP - addicted to STEEM - I put my life savings into STEEM before making my first post ~ I only have 1 question] ''November 2016''
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* '''@rmach''' : [https://steemit.com/steemit/@rmach/want-steem-power-relax-you-ll-be-fine Want Steem Power? Relax, you'll be fine.] ''January 2017''
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* '''@me-tarzan''' : [https://steemit.com/steemit/@me-tarzan/tuesday-s-daily-steem-power-down-i-have-added-an-average-line-on-the-chart Tuesday's >>>> Daily STEEM Power downs <><> I have added an average line on the chart] ''March 2017''
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* '''@investors''' : [https://steemit.com/steem/@investors/steem-top-1000-alltime-investors STEEM Top 1000 all-time Investors] ''March 2017''
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* '''@michiel''' : [https://steemit.com/steemit/@michiel/i-am-very-bullish-on-steem-right-now-just-powered-up-to-double-sp-here-is-why I am very bullish on Steem right now, just powered up to double SP, here is why.] ''June 2017''
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* '''@sykochica''' : [https://steemit.com/steem-help/@sykochica/answering-common-questions-steem-steem-power-steem-dollars-and-what-should-i-do-with-them Answering Common Questions: Steem, Steem Power, Steem Dollars and What Should I do with them?] ''June 2017''
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* '''@firepower''' : [https://steemit.com/steemit/@firepower/3-excellent-reasons-for-hodling-steem-as-steem-power 3 Excellent Reasons for HODLing Steem as Steem Power!] ''June 6, 2017''
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* '''@kevinwong''' : [https://steemit.com/steem/@kevinwong/why-should-you-consider-accumulating-steem-power Why Should You Consider Accumulating Steem Power?] ''June 6, 2017''
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* '''@allasyummyfood''' : [https://steemit.com/steemit/@allasyummyfood/9-video-tutorial-what-is-steem-power-and-curration-rewards 9. Video Tutorial ( What is Steem Power & Curation Rewards)] ''June 27, 2017''
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* '''@cryptoctopus''' : [https://steemit.com/investment/@cryptoctopus/cashflow-or-capital-appreciation-what-is-the-true-value-of-steempower Cashflow or capital investment? What is the true value of Steempower?] ''July 3, 2017''
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* '''@tipu''' : [https://steemit.com/steemit/@tipu/steem-power-naming-change-proposal-so-the-newcomers-can-instantly-get-the-idea STEEM POWER Naming Change Proposal - So the newcomers can instantly get the idea] ''August 31, 2017''
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* '''@stackin''' : [https://steemit.com/charlesfuchs/@stackin/does-steem-power-matter-only-if-you-want-to-become-a-boss-let-s-me-explain Does STEEM Power Matters? Only If You Want To Become A Boss! Let's Me Explain...] ''September 6, 2017''
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* '''@flauwy''' : [https://steemit.com/steem/@flauwy/10-amazing-reasons-to-invest-into-steem-power-for-entrepreneurs 10 Amazing Reasons to Invest into Steem Power for Entrepreneurs] ''September 9, 2017''
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* '''@sndbox''' : [https://steemit.com/toolkit/@sndbox/how-to-convert-sbd-to-steem-power-a-visual-guide-to-powering-up How to Convert SBD to Steem Power - A Visual Guide to Powering Up] ''October 10, 2017''
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* '''@phgnomo''' : [https://steemit.com/guide/@phgnomo/steem-economy-guide-part-1 Steem Economy Guide - Part 1] ''February 22, 2018''
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* '''@davidpakman''' : [https://steemit.com/steemit/@davidpakman/how-to-power-up-sbd-to-steem-power How-To/Walkthrough/Tutorial: Power Up SBD to STEEM POWER] ''February 23, 2018''
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* '''@roelandp''' : [https://steemit.com/steem/@roelandp/introducing-solicitingpower-com-a-gallery-of-steem-projects-worth-supporting-with-your-delegations Introducing: SolicitingPower.com - a gallery of Steem projects worth supporting (with your delegations)] ''April 13, 2018''
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* '''@quantalysus''' : [https://steemit.com/steem/@quantalysus/if-steem-were-a-country-it-would-be-the-most-unequal-society-in-the-world If Steem were a country, it would be the most unequal society in the world] ''May 4, 2018''
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* '''@ontheverge''' : [https://steemit.com/busy/@ontheverge/now-you-can-get-sp-for-comments-new-steemit-update Now you can get SP for comments. New Steemit update] ''May 15, 2018''
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* '''@verodato''' : [https://steemit.com/cryptocurrency/@verodato/delegations-measuring-and-tracking Delegations: measuring and tracking] ''June 5, 2018''
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* '''@themarkymark''' : [https://steemit.com/steemit/@themarkymark/how-much-sp-in-tied-up-in-bid-bots How much SP is tied up in Bid Bots?] ''June 28, 2018''
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* '''@socky''' : [https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read Why is Steem Power Important? Beginners Read] ''June 30, 2018''
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* '''@digital.mine''' : [https://steemit.com/steem/@digital.mine/steem-power-delegation-the-crypto-investment-without-risk Steem Power delegation the crypto investment without risk!] ''November 27, 2018''
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* '''@steemitblog''' : [https://steemit.com/delegations/@steemitblog/delegation-issue Delegation Issue] ''August 28, 2019''
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==Related articles==
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* [[Increase Your Steem Net Worth]]
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* [[Reputation System]]
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* [[Steem Dollar (SBD)]]
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* [[Steem Exchanges]]
 
* [[STEEM Tokens]]
 
* [[STEEM Tokens]]
* [[Steem Dollar (SBD)]]
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* [[Steem Wallets]]
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* [[Steemit]]
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* [[Vest]]
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==External links==
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* '''Forbes''' : [https://www.forbes.com/sites/ktorpey/2017/12/29/comparing-bitcoin-and-other-cryptocurrencies-by-market-cap-can-be-very-misleading/#5e9e86a62509 Comparing Bitcoin and Other Cryptocurrencies by 'Market Cap' Can Be Very Misleading] ''Written by Kyle Torpey ([https://steemit.com/@kyletorpey @kyletorpey]), published in 12/29/2017''
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* '''Boxmining YouTube Channel''' : [https://www.youtube.com/watch?v=gS6BP3RxJFs STEEM Explained: STEEM, STEEM Power and SBD] ''Video tutorial by [https://steemit.com/steemit/@boxmining/steem-explained-steem-steem-power-and-sbd @boxmining], published in 5/8/2017''
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* '''Cryptocompare''' : [https://www.cryptocompare.com/coins/guides/how-to-earn-steem/ How to Earn Steem?] ''Written by unsigned, published in 4/20/2017''
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* '''99 Bitcoins''' : [https://99bitcoins.com/making-money-with-steemit-steem-dollars-and-steem-power-explained/ Making Money with Steemit (Steem Dollars and Steem Power explained)] ''Written by Ofir Beigel, published in 10/14/2016''
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* '''Andrew Levine YouTube Channel''' : [https://www.youtube.com/watch?v=g2TU6lyu90I Steemit 101 - Steem, Steem Dollars, and Steem Power] ''Video tutorial by  Andrew Levine [https://steemit.com/@andrarchy @andrarchy], published in 7/15/2016''
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==In other languages==
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* [[Bahasa Indonesia]] (Indonesian) : [[Steem Power (id)]]
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* [[日本語]] (Japanese) : [[STEEMパワー(SP)]]
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* [[Português]] (Portuguese) : [[STEEM Power (SP) (pt)]]
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<br>
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----
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<br>
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{| class="wikitable" style="margin: auto;"
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| Help keep this wiki page updated. Register, click in [https://www.steem.center/index.php?title=STEEM_Power_(SP)&action=edit edit], add or modify the text and save. <br>If you're already a steemian you can be rewarded with steem, see how in [https://steemit.com/introduceyourself/@steemcenterwiki/introduction-rewarding-steem-center-wiki-editors-with-steem-too @steemcenterwiki].
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|-
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|}
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<br>
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[[Category:Economy]]

Revision as of 14:03, 6 January 2020

STEEM Power (SP) is STEEM (see STEEM_Tokens) that has been locked in, vested, meaning it can't be immediately withdrawn to spend.

STEEM Power is what gives you influence on Steemit.[1] The more SP you have, the more money you give to authors with an upvote as well as the greater the curation rewards you can earn. There is a very small 'interest' rate earned by holding STEEM Power.

Converting STEEM to SP is called powering up. This can be done by clicking the down arrow next to the STEEM in your wallet and selecting power up. 1 STEEM = 1 Steem Power when powered up.

To unlock SP and convert all or parts of it back to STEEM you have to start a "Power Down" process which moves 1/13th of the STEEM Power you want to power down back into Steem (which is spendable) per week over 13 weeks. So for example, if you have 1300 STEEM Power and power down all of it, you will have 100 Steem per week unlocked into something you can spend, trade, transfer or withdraw.

STEEM Power can also be delegated to other users. Delegated SP increases the influence of the receiving user to the same level as if he owned the STEEM Power himself. However, the delegator remains in full control of the delegated SP and can take back a delegation at any time. Delegated SP cannot be powered down, neither by the delegator nor by the receiver. When SP is undelegated, it immediately reduces the influence of the former receiving user, but takes 7 days until the SP is available again to the delegator.

References

  1. Steemit FAQ: What is the difference between STEEM, STEEM Power, and Steem Dollars? Retrieved in August 22nd, 2017

Links

Related articles

External links

In other languages




Help keep this wiki page updated. Register, click in edit, add or modify the text and save.
If you're already a steemian you can be rewarded with steem, see how in @steemcenterwiki.