Difference between revisions of "STEEM Tokens"

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===  VESTS (Steem Power) ===
 
===  VESTS (Steem Power) ===
  
[[Vest|VESTS]] are a type of token given to [[Miner|miners]] (until Hard Fork ?), [[Steem Witness|witnesses]] and [[Author|content creators]] and [[Curation|curators]]. They are denominated as Steem Power on the website [[Steemit]].  
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[[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 />  
 
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 />  
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* '''Steemit''' : https://steemit.com
 
* '''Steemit''' : https://steemit.com
 
* '''Steem.io''' : https://steem.io
 
* '''Steem.io''' : https://steem.io
* '''Steemithelp.net''' : [https://www.steemithelp.net/#/new-page/ Basic concepts in the Steemit ecosystem] ''Retrieved in March, 8, 2017.''
+
* '''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''
 
* '''@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''
 
* '''@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''
 
* '''@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 7th, 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.''
 
* '''@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 18th, 2017''
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* '''@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.''
 
* '''@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.''
 
* '''@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.''
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* '''@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''
 
* '''@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''
 
* '''@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''
 
* '''@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''
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* '''@spectrumecons''' : [https://steemit.com/steem/@spectrumecons/steem-explained-by-an-economist Steem explained by an economist] ''June 23,, 2018''
  
 
==Related articles==
 
==Related articles==
Line 82: Line 84:
 
* '''Mycryptopedia''' : [https://www.mycryptopedia.com/cryptocurrencies/steem/ What is STEEM?] ''Written by unsigned, retrieved in 11/16/2017''
 
* '''Mycryptopedia''' : [https://www.mycryptopedia.com/cryptocurrencies/steem/ What is STEEM?] ''Written by unsigned, retrieved in 11/16/2017''
 
* '''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''
 
* '''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''
'''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''
+
*  '''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''
 
* '''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''
 
* '''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''
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== In other languages ==
 
== In other languages ==
  
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* [[Bahasa Indonesia]] (Indonesian) : [[Steem Token (id)]]
 
* [[繁體中文]] (Chinese, Traditional) : [[STEEM代幣]]
 
* [[繁體中文]] (Chinese, Traditional) : [[STEEM代幣]]
 
* [[简体中文]] (Chinese, Simplified) : [[STEEM代币]]
 
* [[简体中文]] (Chinese, Simplified) : [[STEEM代币]]

Revision as of 19:40, 19 November 2018

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

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 Steemians participating in the platform.[1]

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 mining (valid until January 2017), or transferring 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 Dollars, and transferred to other accounts. It is a cryptocurrency token, similar to bitcoin.[2] STEEM is the standard Cryptocurrency tradable on various exchanges. Its value can fluctuate just like any other coin.

Read more: STEEM

VESTS (Steem Power)

VESTS are a type of token given to miners (until Hard Fork 17), witnesses and content creators and 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.[2]

They are non-liquid, thus must be "powered down" before being able to trade them. Powering down Steem Power (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 (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.[2]

Read more: Steem Dollar (SBD)


References

  1. Where do the new STEEM tokens come from? Steemit FAQ, retrieved in 1/1/2018
  2. 2.0 2.1 2.2 What is the difference between STEEM, STEEM Power, and Steem Dollars? Steemit FAQ, retrieved in 1/1/2018

Links

Related articles

External Links

In other languages




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