If you have read a previous post in which I explained some terminology, you by now know what Steem and Steempower mean.
By writing this blog I will explain what you can do with these tokens.
Steem Power
Steem power is locked Steem on the Steemit platform which in 13 weeks, by means of a power down, can be converted back to Steem, this to ensure the value of Steemit.
Steem Power makes you more powerful on the platform.
In other words, when a large Steem Power shareholder considers certain content to be valuable, that will be more rewarding for the writer of the blog post than when someone with little Steem Power judges the same content in the same way.
Both STEEM and Steem Dollars (via Steem) can be converted to Steem Power at any time
Power Down Steem Power to Steem
Conversion to Steem Power happens gradually to prevent liquidity risks and to stimulate sustainable growth and use of Steemit.
Steem Power is converted to STEEM in 13 weeks.
In other words, Steem Power is the way to go!
Keep up, have fun!
Fellow Steemians, have the best day!
Life is for living, so live it! - @s3rg3
I am also a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us we would appreciate your vote here.
We build Steemify, a notification app for your Steemit account for iOS.
Get it Here:
Nice post bro. See you saterday.
Great stuff @s3rg3 ! Very helpful... Does increasing your sp affect your reputation too? I recently invested 500€ in steem and turned it into steem power...an my performance in the platform is pretty much the same... Any suggestion? Upvoted mate! ;)
get that curation power! :)
Thank you for the explanation. One question, if you’re high in steem power and you post and get voted, does it mean that you get higher reward?
Thank you for the explanation
Thank you so much.This is my 3rd week in this platform and I did not have any idea about the steem power.Now I can understand things.Thank you
-cheers-
i had to face the bandwidth problem several times because of the low steem power :/