Steemit.com tokens & rewards explained

Steemit.com is a social media platform that is built on Smart Media Token protocol

Steemit.com members earn cryptocurrency through Posting, Commenting and curating at default option 50%-50% Steem Dollar And Steem Power
Steemit.com is now in top 1000 most visited websites in the world
Steemit.com has now 750,000 accounts registered
Steemit.com has in use 2 different Tokens
Steem and Steem Dollar
In a way we can say we have 3 Tokens with the Third being Steem Power
By Powering up Steem to Steem Power (locking your Steem on Steemit.com wallet)
Steem Power can be withdrawn by Powering Down ( it take 3 months to fully power down the amount you choose, 13 weekly payments)
Steem Power is only for Steemit.com members and it sorts of generates money, when you curate/upvote an article or comment you give an amount of Steem Dollar
By having 1000 Steem Power at 100% Upvote Weight an upvote is worth around 0.32 SBD
(Upvote amount can change according to rising or falling of Steem Price)
10-15 upvotes given in 24/h will drain your Upvote Weight down to 75%-80% therefore your Upvote will be now worth 20%-25% less than at 100% Upvote Weight
Curating / Upvoting comes with its own benefit
Depending on the time of when your Upvote has been placed
Is the article you upvote is up to 5 minutes old you are giving 100% of the upvote to the author.
If the article is between 5-10 old you are receiving back up to 5%-10%
10 to 20 minutes old gets you back around 10%-15%
30+ minutes old up to 25% back
It all depends on how many people will upvote after your Upvote had been placed

Steem Dollar is Designed to be a $1 Token
(as for the moment it's a mistery why it is pumped up to $5.57, ATH $15)
Market Cap
$49,832,879 USD
5,059 BTC
Volume (24h)
$25,385,000 USD
2,577 BTC
Circulating Supply
8,951,719 SBD

Steem is the main Token of Steemit.com
Steem is based on Smart Media Token (SMT) protocol and it has an inflation rate of 09.5%
Circulating Supply 249,378,039 Steem
Steem Total Supply 266,352,133 Steem
Price as at time of writing the article $4.52
ATH $8.50

To be aware of
Default option at 50% Steem Dollar -50% Steem Power
Steem Dollar is designed to be $1
An Article showing $10 (SBD) if the upvotes have been placed into the 5 minutes old time frame will bring you $5 Steem Dollars and a little bit less than 1 Steem Power ! = around $31 fiat

Why only a little bit less than 1 Steem Power, if you normally have on the other side as 50% $5 Sbd ?
Because the internal conversion on Steemit.com will consider Steem Dollar at $1
So if Steem is lets say $5 Fiat then From the 5 Sbd will receive 1 Steem Power

In the internal market of Steemit.com
1 Steem is nearly 0.80 Sbd

I hope it helps understand Steemit.com and its tokens

Thank you very much for dropping by

Please be kind and Upvote resteem and follow
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