Steemit, STEEM, STEEM Dollars, STEEM Power and Wallet Explained

Steemit.com is social media site where users earn rewards when community members 'upvote' their posts.

Posts are allowed seven days to to collect upvotes. After seven days the total post earnings can be redeemed for STEEM Dollars (SBD) and STEEM Power. Users with more STEEM Power gain more influence on the network and will earn more rewards from their posts. STEEM Power can be converted back to STEEM coins in a 104 day process called "powering down".

Content creators and crypto speculators who believe in Steemit.com and STEEM coin who choose to "power up" and earn more rewards on their posts are 'putting their crypto where there mouth is' and locking up their STEEM coins for 104 days.

What do you think? Do you believe in the future of Steemit? Are you "Powering Up" Leave a comment below.

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