Quick facts about Steemit & Steem

Here are some quick facts about #steem and steemit, plese feel free to coment or correct. ¡Thanks!

->The reward is proportional to the square of #votes rather than votes.

-> A user’s voting power decreases every time they vote and then regenerates as time passes without voting.

-> Steem is the social media #platform you are on right now.

-> STEEM is a #cryptocurrency token, the fundamental unit of account on the Steem platform/blockchain.

-> Steem Power is a requirement for voting for or against content. Gives the user increased voting and transaction power. Non-transferable.

->Transferring from STEEM to SP is referred to as powering up while transferring from SP to Steem is referred to as powering down.

->teem has an on-blockchain market between SMD and STEEM. Users can earn rewards by providing liquidity to both sides of this market.

-> Steem operates on the basis of one-STEEM, one-vote.

-> All payouts are delayed a stake-weighted average of 24 hours from the time each vote was cast. Once a payout is made to the user all votes are reset to 0. If votes come in after the payout then the process begins again.

-> Every year 10% of the market capitalization of Steem is distributed to users submitting, voting on, and discussing content.

-> Of the total dollar amount associated to any topic
50% goes to the #curator
25% to the #author
25% to the parent, if it exists, else the author.

-> Everyone who votes the post up is a curator. The greater percentage increase in total votes your vote adds, the larger the share of the curator rewards you get.

-> You can use https://imgur.com/ or https://postimage.org/ to upload images. You'll need the image URL for the image to show up.