The Most Frequent Question Coming from New Comers, What is the Use of Steem Power?

in Steem Sri Lanka3 years ago

"What is the use of Steem Power?" is the question that most newcomers frequently ask. I will use some stories to make you understand why steem power and voting is important.

Case I
Sharon is a newcomer to steemit. For her very first post, "Introduction to Steemit" got 35$ from somewhere and after 7 days, she saw two values appeared in her wallet to redeem. When she clicks the button redeem, Steem Power and Steem Based Doller sections were updated. She noticed her account value ($) is continuously increasing and she started to think that steemit is giving her money.

She did not know any other thing about steemit other than making a post, redeem rewards, and selling every single steem she gets. She never took part in communities and never tried to make connections. Even she never lifted her finger for upvote others. After few months, it is started to receive nothing on her posts. She thought steemit doesn't give her money. She started to ask to support others while she is not supporting to anyone while powering down her steem power. Finally she left steemit.

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Case II
Ayesh is a very curious person about everything he does. For his very first post, he got 20$ and he was so curious about how this 20$ came. He simply googles how do I get rewards from steemit and understood that there should be someone to vote us and produce a reward.

Ayesh also wanted to produce a $ value on someone else's post. "It is my responsibility to reward others as same as I received rewards from others", he believed.

Then he tried to figure out how can I produce a vote with a value. "It is Steem Power", he noticed. Then he tried to learn more about Steem Power and pointed out how useful steem power is. He always powered up some steem per week. He became a dolphin so fast. Then found so many opportunities that he can use his Steem Power to get more benefits while rewarding others

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What are the things you get/ you can do with steem power?

  • If you have more SP, you get the ability to influence more on reward pool.

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  • If you have more SP, you'll get more curation rewards for your votes

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  • You will get some additional tokens for holding steem power.

  • If you have more SP, you can impact more on witness votes

  • You can delegate steem powers to larger curation accounts and receive votes and tokens.

  • You can lease your steem power and take steem payments

What is your posotion in steemit?

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While refering to some old articles, I found a nice poem and I'll quote apart from it. It is posted by @positivesteem before 5 years.

"For whales exert much power and influence
But minnows have strength in their numbers
Dolphins get squeezed in between
With all three involved in power struggles"

The most important part is "Minnows have strength in their numbers". That is very clear a single minnow (500 - 5000SP) can not do a big influence on the reward pool. But if a number of minnows combined their SP together, it can make a huge impact on rewards.

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That's why I always ask you to power up and power up even a small amount per week. Steemit is about growing together, rather than posting -> redeem -> powerdown and sell.

  • So please let your steem power grow
  • Please don't hesitate to press the upvote button on your friend
  • Keep in mind, steem power is the power you have!

Please read https://steemit.com/faq.html well. There is a lot to learn!

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What a excellent explanation dear, I also decide to power up my all coming rewards.
Thanks for this wonderful post.

Thanks. You will find the balanced way

I learned something i didn't know about steemit. Thank you🤗

Ara Rasi owa hondata ugannala aththe. Dn mathaka nathi unata

Chuttak chuttak withara🙊

Thank you sharing this article with us..It's very important to newcomers ...

Oya paranai dn.

ho hooo! Fantastic.

Thank you for your great explanation .. This will really helpful to new commers ...

Wery great content. Thank you 🙏

Hi.. thank you friend

Woww !! you have explained everything very clearly in an interesting manner.

Hee hee.. had some free time

I wish someone explained to me these easily when I joined Steem.
Steem may seem hard for newcomers but I hope your post will help them a lot.
Loved how you used the pictures to explain it better. :)

Useful article! By the way, how do you know Sharon?

Excellent my friend @randulakoralage😍

Very informative & well explained post

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