The difference between STEEM POWER & STEEM DOLLARS

in #steemit7 years ago

 As a user of steemit , you have a confusion between STEEM POWER and STEEM dollar.
So, in this article, I'm going to explain the differences between them briefly to give you better understanding.
LET'S START
Firstly, let me tell you how the earnings come from.
1- you post an article.
2- we vote up.
3- you get rewarded for our votes.

that's simply how it works. and later I'm going to teach you how the profits are calculated.

when you get rewarded for a post, your earnings are divided between STEEM POWER and STEEM DOLLARS 50% - 50%.

So now what is the difference between both of them

STEEM POWER: increases your share as a shareholder of steemit. It also gives you more voting influence. and and also gives you a virtual stake in the future growth of steemit and the steem economy.

STEEM DOLLARS: are the currency of steemit which equals, 1 steem dollar = $1 value.

what can you do with steem dollars??
In fact, you have different options to do with steem dollars and they are as follow:

1- you can hold them as an investment and get 10% as return.
2- you can sell them.
3- you can transfer them into steem, Bitcoin or any other currency and cash it out.If the article was helpful to you, 

please don't hesitate to vote it up.

If you want more information, just tell me in the comments.

In another article i will explain more things about steemit so don't forget to follow me.Thank you for reading.

Vote, Comment, Follow, Repost. 

Sort:  

Thanks just give you a upvote. When you mean holding steem dollar will give you 10% do i just need to keep the dollar in steemit balance and i will then get it? Does the same go to steem power? Thanks.

Hi @hatemmkh thanks for sharing this wonderful guide. It will be really helpful for new steemers to understand the system.
https://busy.org/@hatemmkh

you are welcome

what is this link for?

This is another version / interface steemit.com

Thanks for the clarification! I'm new to the whole Crypto's system, as well as; Steemit. Makes it intimidating at first. Much appreciated!

thanks for posting. As I was looking to buy Steem or Steem Dollars on an exchange I realized I should see whats what first. I think I'll just keep posting and earning 50/50% and see where it all goes. followed and upvotes please take a look at my blog. take care.

Coin Marketplace

STEEM 0.23
TRX 0.12
JST 0.029
BTC 66188.19
ETH 3564.66
USDT 1.00
SBD 3.14