Difference between revisions of "STEEM Power (SP)"

From Steem Center
Jump to: navigation, search
(Links: @tipu)
(External links: Forbes)
Line 44: Line 44:
 
==External links==
 
==External links==
  
 +
* '''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''
 
* '''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''
 
* '''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''
 
* '''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''

Revision as of 10:02, 5 January 2018

Steem Power (SP) is STEEM (see STEEM_Tokens) that has been locked in, vested, meaning it can't be immediately withdrawn to spend.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

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.