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RE: WHY IS THERE SO MUCH DIFFERENCE BETWEEN STEEM POWER AND STEEM BACKED DOLLARS IN MY ACCOUNT BALANCE?

in #steem7 years ago

Steem Power and Steem Backed Dollars are entirely separate balances, so there's no particular reason they should be close to the same. Steem Backed Dollars are tokens convertible for 1 US dollar worth of Steem, so they should always be worth at least the same as 1 US dollar. Steem Power is Steem that's locked in a vesting account to give you voting power as part of the community. It's value varies with the exchange price of Steem.

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Thanks @troglodactlyl. I understand that there is a difference between steem power and steem backed dollars. However, the difference have never been this big since my 2 months in steemit.

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