Difference between revisions of "STEEM Power (SP)"
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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'' | * '''Cryptocompare''' : [https://www.cryptocompare.com/coins/guides/how-to-earn-steem/ How to Earn Steem?] ''Written by unsigned, published in 4/20/2017'' | ||
* '''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'' | * '''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'' | ||
| − | * '''Andrew Levine Channel on YouTube''' : [https://www.youtube.com/watch?v=g2TU6lyu90I Steemit 101 - Steem, Steem Dollars, and Steem Power] ''Video tutorial by | + | * '''Andrew Levine Channel on YouTube''' : [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'' |
| − | Andrew Levine [https://steemit.com/@andrarchy @andrarchy], published in 7/15/2016'' | ||
<br> | <br> | ||
Revision as of 10:31, 3 July 2017
Steem Power (SP) is STEEM (see STEEM_Tokens) that has been locked in, meaning it can't be immediately withdrawn to spend.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.
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.
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.
Links
- Steemit : https://www.steemit.com
- @sigmajin : Understanding the Steem Economic System Vests, SBD, Steem, Dilution interest and all those crazy things August 2016
- @dimimp : PLEASE HELP - addicted to STEEM - I put my life savings into STEEM before making my first post ~ I only have 1 question November 2016
- @rmach : Want Steem Power? Relax, you'll be fine. January 2017
- @me-tarzan : Tuesday's >>>> Daily STEEM Power downs <><> I have added an average line on the chart March 2017
- @investors : STEEM Top 1000 all-time Investors March 2017
- @michiel : I am very bullish on Steem right now, just powered up to double SP, here is why. June 2017
- @sykochica : Answering Common Questions: Steem, Steem Power, Steem Dollars and What Should I do with them? June 2017
- @firepower : 3 Excellent Reasons for HODLing Steem as Steem Power! June 6th, 2017
- @kevinwong : Why Should You Consider Accumulating Steem Power? June 6th, 2017
- @allasyummyfood : 9. Video Tutorial ( What is Steem Power & Curation Rewards) June 27th, 2017
- @cryptoctopus : Cashflow or capital investment? What is the true value of Steempower? July 3rd, 2017
Related articles
- Increase Your Steem Net Worth
- Reputation System
- Steem Dollar (SBD)
- Steem Exchanges
- STEEM Tokens
- Steem Wallets
- Steemit
References
- Boxmining Channel on YouTube : STEEM Explained: STEEM, STEEM Power and SBD Video tutorial by @boxmining, published in 5/8/2017
- Cryptocompare : How to Earn Steem? Written by unsigned, published in 4/20/2017
- 99 Bitcoins : Making Money with Steemit (Steem Dollars and Steem Power explained) Written by Ofir Beigel, published in 10/14/2016
- Andrew Levine Channel on YouTube : Steemit 101 - Steem, Steem Dollars, and Steem Power Video tutorial by Andrew Levine @andrarchy, published in 7/15/2016
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