View source for STEEM Tokens

Steem has several types of tokens, '''Steem''', '''Steem Dollars''' (SBD), and '''Steem Power''' (a denomination of [[Vest|VESTS]]). Steem and steem dollars are [[liquid]] while steem power is not.

[[Blockchain|Blockchains]] like [[Steem]] and [[Bitcoin]] produce new tokens each time a block is produced. Unlike [[Bitcoin]], where all of the new coins go to the block producers (called miners), the [[Steem]] blockchain allocates a majority of the new tokens to a reward fund. The reward fund gives users tokens for [[Steemian|Steemians]] participating in the platform.<ref>[https://steemit.com/faq.html#Where_do_the_new_STEEM_tokens_come_from Where do the new STEEM tokens come from?] '''Steemit FAQ''', retrieved in 1/1/2018</ref>

When you are paid on the website Steemit, you can choose to be paid 50% in STEEM Power and 50% in STEEM Dollars, or 100% in steem power. Here's an example of a 50/50 payout: If you earn $200 on a post, you will get $100 STEEM Dollars, and 50 STEEM Power (assuming STEEM Power is worth $2 each, at the current time).

It's also possible to receive STEEM tokens through other means, such as VESTS through [[Setting_up_a_Miner|mining]] (valid until January 2017), or transferring [[Steem Dollar (SBD)|Steem Dollars]] to someone via [[STEEM Memo]].

=== STEEM ===

[[STEEM]] is the base liquid currency token in the platform. STEEM can be powered up into [[STEEM Power]], traded for [[Steem Dollar (SBD)|Steem Dollars]], and transferred to other accounts. It is a cryptocurrency token, similar to bitcoin.<ref name=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?] '''Steemit FAQ''', retrieved in 1/1/2018</ref> [[STEEM]] is the standard [[Cryptocurrency]] tradable on various [[Steem Exchanges|exchanges]]. Its value can fluctuate just like any other coin.

Read more: [[STEEM]]

===  VESTS (Steem Power) ===

[[Vest|VESTS]] are a type of token given to [[Miner|miners]] (until Hard Fork 17), [[Steem Witness|witnesses]] and [[Author|content creators]] and [[Curation|curators]]. They are denominated as Steem Power on the website [[Steemit]]. 

STEEM Power (abbreviated SP) is a measurement of how much influence a user has in the Steem network. The more STEEM Power a user holds, the more they can influence the value of posts and comments.<ref name=FAQ /> 

They are non-liquid, thus must be "powered down" before being able to trade them. Powering down Steem Power ([[Vest|VESTS]]) takes 3 months, and is paid out as 13 weekly payments. The power down rate will stay the same if you earn more STEEM Power while powering down, thus it's recommended to re-power down after earning a large amount of fresh STEEM Power.

STEEM Power gains interest over time, and usually gains interest faster than the power down rate, thus you will still be earning interest while powering down.

Read more: [[STEEM Power (SP)]] and [[Vest]]

=== SBD (Steem Dollars) ===

Steem Dollars are a currency which was designed to be pegged to the US Dollar. They can be converted on [[Steemit]] into [[STEEM Power (SP)|STEEM Power]] (powering up), or into [[STEEM]] (easily tradable on various exchanges).

Steem Dollars may also be converted into [[STEEM]] in a process that takes 3.5 days. There are another quick option trading it in the [[Internal market]]. Steem Dollars can be used to buy things in marketplaces, such as [[Peerhub]].<ref name=FAQ /> 

Read more: [[Steem Dollar (SBD)]]


==References==

<references />

==Links==

* '''Steemit''' : https://steemit.com
* '''Steem.io''' : https://steem.io
* '''Steemithelp.net''' : [https://www.steemithelp.net/#/new-page/ Basic concepts in the Steemit ecosystem] ''Retrieved in March 8, 2017.''
* '''@lukestokes''' : [https://steemit.com/steemit/@lukestokes/the-currency-of-steemit-isn-t-steem-power-steem-or-sbd The Currency of Steemit Isn't Steem Power, STEEM, or SBD] ''July 22, 2016''
* '''@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.] ''July 23, 2016''
* '''@thecryptofiend''' : [https://steemit.com/steemit/@thecryptofiend/the-missing-faq-a-beginners-guide-to-using-steemit The Missing FAQ - A Beginners Guide To Using Steemit] ''September 2016''
* '''@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''
* '''@charles.ponzi''' : [https://steemit.com/steem/@charles.ponzi/understanding-the-economic-engine-that-steem-steem-dollars-and-steem-power-is-composed-of-in-12-min Understanding the economic engine that Steem, Steem Dollars, and Steem Power is composed of in <12 min] ''February 2017.''
* '''@thecryptofiend''' : [https://steemit.com/steem/@thecryptofiend/steem-the-super-basic-explanation-for-new-users STEEM The Super Basic Explanation for NEW Users] ''March 18, 2017''
* '''@transhuman''' : [https://steemit.com/steem/@transhuman/steem-is-smartmoney-let-s-change-the-narrative-to-how-it-should-be Steem Is Smartmoney... Let's Change The Narrative To How It Should Be] ''March 2017.''
* '''@steemitguide''' : [https://steemit.com/steemit/@steemitguide/steemit-financial-instruments-explained-steem-steem-power-and-steem-dollar Steemit Financial Instruments: Steem, Steem Power & Steem Dollar Explained] ''May 20, 2017.''
* '''@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] ''May 2017''
* '''@somethingsubtle''' : [https://steemit.com/steemit/@somethingsubtle/steem-steem-power-and-dollars-a-metaphor Steem, Steem Power and Dollars - A Metaphor] ''July 1, 2017.''
* '''@digicrypt''' : [https://steemit.com/steemit/@digicrypt/launching-the-first-steemit-crypto-report Launching the First Steemit Crypto Investment Report!] ''July 5, 2017.''
* '''@steemloverr''' : [https://steemit.com/steemit/@steemloverr/three-currencies-in-steemit-steem-steem-power-sbd Three Currencies in Steemit ( STEEM, STEEM POWER, SBD)] ''July 22, 2017.''
* '''@penguinpablo''' : [https://steemit.com/steem/@penguinpablo/charts-how-much-steem-is-being-transferred-from-and-to-the-exchanges Charts: How much STEEM is being transferred from and to the exchanges?] ''August 9, 2017''
* '''@cryptoctopus''' : [https://steemit.com/steemit/@cryptoctopus/why-steemit-is-different-and-why-i-m-all-in Why STEEM is different and why I'm ALL-IN] ''September 3, 2017''
* '''@heiditravels''' : [https://steemit.com/cryptocurrency/@heiditravels/learning-crypto-what-s-the-difference-between-cryptocurrencies-and-tokens Learning Crypto: What's the Difference Between Cryptocurrencies and Tokens?] ''November 10, 2017''
* '''@adsactly''' : [https://steemit.com/fun/@adsactly/adsactly-fun-the-value-of-the-potato-dollar ADSactly Fun - The Potato Dollar - The Most Important Value] ''January 10, 2018''
* '''@lukestokes''' : [https://steemit.com/steem/@lukestokes/steem-is-not-steemit-steem-is-more-valuable-than-steemit STEEM Is NOT Steemit. STEEM Is More Valuable Than Steemit.] ''January 16, 2018''
* '''@dragosroua''' : [https://steemit.com/steem/@dragosroua/there-s-something-very-strange-happening-with-steem-and-sbd-in-the-south-korean-exchange-upbit There's Something VERY Strange Happening With STEEM and SBD In The South Korean Exchange Upbit!] ''January 20, 2018''
* '''@clayop''' : [https://steemit.com/steem/@clayop/steem-has-achieved-the-first-b-grade-on-weiss-cryptocurrency-rating Steem has Achieved the First B+ Grade on Weiss Cryptocurrency Rating] ''February 2, 2018''
* '''@phgnomo''' : [https://steemit.com/guide/@phgnomo/steem-economy-guide-part-1 Steem Economy Guide - Part 1] ''February 22, 2018''
* '''@phgnomo''' : [https://steemit.com/steem/@phgnomo/steemconomy-let-s-talk-about-price-and-value-of-steem-sbd SteemConomy - Let's talk about price and value of STEEM/SBD?] ''March 2, 2018''
* '''@dobartim''' : [https://steemit.com/steemitschool/@dobartim/the-best-way-to-raise-the-steemit-level-and-the-value-of-steem-and-steem-dollars-steemit-school-supports-all-users The Best Way To Raise The Steemit Level And The Value Of Steem And Steem Dollars - Steemit School Supports All Users] ''March 9, 2018''
* '''@ilyastarar''' : [https://steemit.com/steem/@ilyastarar/best-cryptocurrency-to-invest-in-analyzing-steem-from-an-investment-point-of-view-and-sharing-the-multiple-profitable Best Cryptocurrency to Invest in? Analyzing Steem from an Investment Point of View and Sharing The Multiple Profitable Opportunities Presented by Steem Blockchain] ''March 13, 2018''
* '''@themarkymark''' : [https://steemit.com/steem/@themarkymark/steem-steem-power-vests-and-steem-dollars-wtf-is-this-shit STEEM, STEEM Power, Vests, and Steem Dollars. wtf is this shit?] ''March 30, 2018''
* '''@jerrybanfield''' : [https://steemit.com/dlive/@jerrybanfield/3ffc3520-426a-11e8-836a-b9befc1a6029 25 Reasons Steem Will Replace Bitcoin as #1 Cryptocurrency by 2021!] ''April 17, 2018''
* '''@spectrumecons''' : [https://steemit.com/steem/@spectrumecons/steem-explained-by-an-economist Steem explained by an economist] ''June 23,, 2018''

==Related articles==

* [[How to transfer STEEM between Steem account to Exchanges]]
* [[Increase_your_Steem_Net_Worth|Increase your Steem Net Worth]]
* [[Peerhub]]
* [[Steem]]
* [[Steem Exchanges]]
* [[Steem Wallets]]
* [[Steemit]]

==External Links==

* '''Everipedia''': [https://everipedia.org/wiki/steem/ Steem] ''Written by Vitaly Kolesnik ([https://steemit.com/eos/@vitkolesnik/everipedia-a-decentralized-wiki-based-on-eos-iq-token-airdropping-soon-steem-page-added @vitkolesnik]), retrieved in 1/23/2018''
* '''Mycryptopedia''' : [https://www.mycryptopedia.com/cryptocurrencies/steem/ What is STEEM?] ''Written by unsigned, retrieved in 11/16/2017''
* '''Coindesk''' : [https://www.coindesk.com/steem-witnesses-freeze-3-2m-in-latest-tit-for-tat-with-hard-fork-insurgents Steem Witnesses Freeze $3.2M in Latest Tit-for-Tat With Hard Fork Insurgents] ''Written by Brady Dale, published in 4/5/2020''
* '''Capital.com''' : [https://capital.com/trade-steem Your guide to trading Steem (STEEM)] ''Written by unsigned, retrieved in 2/17/2020''
* '''Be In Crypto''': [https://beincrypto.com/steem-soars-above-its-consolidation-range/ STEEM Soars Above Its Consolidation Range] ''Written by Valdrin Tahiri, published in 2/14/2020''
* '''Brave New Coin''': [https://bravenewcoin.com/insights/steem-price-analysis-engine-in-need-of-a-restart STEEM Price Analysis: Engine in need of a restart] ''Written by Aditya Das, published in 6/11/2019''
* '''WalletInvestor''' : [https://walletinvestor.com/forecast/steem-prediction Steem Prediction, STEEM Forecast Price Charts - Is Steem a Good Investment?] ''Written by unsigned, retrieved in 12/26/2017''
* '''CoinDataFlow''' : [https://coindataflow.com/en/currency/steem Steem (steem) Price, Charts, Market Cap, Live and History Index Value] ''Written by Sharilovav, published in 3/01/2020''
*  '''Time Money''' : [http://time.com/money/5214911/these-are-the-5-safest-cryptocurrencies-to-invest-in-according-to-a-prominent-rating-firm/ These Are the 5 Safest Cryptocurrencies to Invest In, According to a Prominent Rating Firm] ''Written by Ryan Derousseau, published in 3/28/2018''
* '''CCN''' : [https://www.ccn.com/steem-price-mounts-50-percent-rally-after-ratings-firm-issues-bullish-grade/ Steem Price Mounts 50% Rally After Ratings Firm Issues Bullish Grade] ''Written by Josiah Wilmoth, published in 1/25/2018''
* '''Hacked''' : [https://hacked.com/steem-long-term-potential-worth-the-risk/ Steem: Long-Term Potential Worth the Risk?] ''Written by Alex Moskov, published in 11/26/2017''
* '''Blockchain.Wtf''' : [https://blockchain.wtf/cryptocurrency-blockchain/steem/ Steem: a truly rewarding social media platform] ''Written by unsigned, with a embedded [[YouTube]] video published in 10/15/2017''
* '''Suppoman Udemy YouTube Channel''' : [https://www.youtube.com/watch?v=T_tq5lU2ukg&feature=youtu.be New Steemit? Is this the next big crypto?] ''Video tutorial by Suppoman, published in 9/8/2017. 19.709 views in 9/11/2017''
* '''Conpay Blog''' : [https://medium.com/@ConPay/conpay-terminals-started-to-accept-tokens-of-social-network-platforms-steemit-and-golos-io-340d321aa8d9 Conpay terminals started to accept tokens of social network platforms steemit and golos.io] ''Written by conpay, published in 8/31/2017''
* '''Craig Grant''' : [https://www.youtube.com/watch?v=KSRQikJ_lfc Dan Larimer talks about STEEM blockchain and Steemit ] ''Edition of the video interview with [[Dan Larimer]] hosted by Alex Sterk. Edited (only parts about Steemit) by Craig Grant ([https://steemit.com/steem/@craig-grant/steem-power-explained-vests-voting-power-vote-weight-and-inflation-rate-staking-rewards @craig-grant]) and published in 5/18/2017''
* '''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''
* '''Andrew Levine YouTube Channel''' : [https://www.youtube.com/watch?v=g2TU6lyu90I Steemit 101 - Steem, Steem Dollars, and Steem Power] ''Video by Andrew Levine, published in 7/15/2016 ''
* '''CoinDesk''' : [http://www.coindesk.com/steemit-blockchain-social-media-how-works/ Steemit Bridges Blockchain and Social Media, But How Does It Work?] ''Written by Jacob Donnelly ([https://steemit.com/@jaycodon @jaycodon]), published in 8/13/2016''

== In other languages ==

* [[Bahasa Indonesia]] (Indonesian) : [[Steem Token (id)]]
* [[繁體中文]] (Chinese, Traditional) : [[STEEM代幣]]
* [[简体中文]] (Chinese, Simplified) : [[STEEM代币]]
* [[Español]] : [[Criptomonedas STEEM]]
* [[Français]] : [[Jetons Steem]]
* [[Galego]] : [[Tokens STEEM]]
* [[Italiano]] : [[Criptovalute STEEM]]
* [[日本語]] (Japanese): [[STEEMトークン]]

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[[Category:Economy]] [[Category:Cryptocurrency]]