Difference between revisions of "STEEM Power (SP)"

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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 27th, 2017''
 
* '''@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 27th, 2017''
 
* '''@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 3rd, 2017''
 
* '''@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 3rd, 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 31st, 2017''
 
* '''@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 6th, 2017''
 
* '''@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 6th, 2017''
 
* '''@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 9th, 2017''
 
* '''@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 9th, 2017''

Revision as of 16:52, 1 November 2017

Steem Power (SP) is STEEM (see STEEM_Tokens) that has been locked in, vested, meaning it can't be immediately withdrawn to spend.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


References

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

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