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RE: How do I set, choose, or know my voting power?
Hey there @eoincurran so I'll give you my general understanding of voting power. You don't unlock the slider to choose or set your voting power until you reach 500+ Steem Power or somewhere around that value. Until you unlock the slider, you're votes will use 100% of a single votes power
Is this answer still up to date? Eoin's question is the first related thing that pops up when I search for "how to change voting power", so I guess it would be nice to have the answer correct, even if the question itself is already 2 years old by now. And honestly I don't know either, at least not yet ;)
So how does steem power and a single vote power calculate to the vote's weight?
Very helpful, I have not heard about unlocking the slider! Does 500 steem translate to approx $500?
No, STEEM is a tradable currency so there is fluctuations in the price. At this moment it's around $2.21/l for 1 STEEM.
Therefore 500 STEEM worth around $1,100 today. (can be little less or more, depending on which exchange you choose)
Good to know! It'll be a while before it's something for me to worry about! (brand new as of a week ago lol) Thank you. Xx, Kay
Hunh, I didn't know that! I thought it was just a change in the programming when I started seeing it. Thanks!