Rewards for posts
Hi everyone this is my first day on steemit and I am pretty much confused about the Rewards section here.
There are three options in its dropdown
- Power Up 100%
- Default (50%/%0%)
- Decline Payout
Can you please tell the pros and cons of these.
I don't know about them and hence only use default currently.
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If you go power up 100% all the rewards will be in Steem Power, wich affects youre voting power, the more Steem Power you have, the "stronger" you are in the community.
Default, will give you 50% SBD (steem dollars) and 50% steem power, steem dollars can be traded on the markets!
If you decline, you get no rewards.
The FAQ section explains it nicely, go check it out brother ;)
Peace, Carlos
Thanks for the help.
check my last post if you want upvote daily from me
Welcome ;)
Power up means: You take your liquid Steem and transfer/convert it/lock it up in your SP "vault."
Default 50/50 is: your post get's paid out half in SP and half in SBD. It's the best choice currently IMO.
Decline payout means: you opt to forfeit the money your blog post would have accumulated.
hope this helps ~