Community post
Understanding steemit
Steam Power:
It is basically Steem that is locked in a vesting fund for 3 months. Users can use steem power to upvote content and get curating rewards. When a user upvotes content his steem power gets depleted and then slowly regenerated. Steem Power holders receive interest from their holdings.
The more Steem Power a voter has the more revenue he’ll generate for himself (in form of SP) and for the content creator (In SBD).There is also an incentive to upvote content early, as the rewards are distributed according to time. The earliest votes gets the biggest share of the reward.
Replies (7)
Nice explanation, thank you!
thank you!! @cryptonik
keep steeming!!
follow for more updates.
best regards
@nkd
A new Steemian ^^ hello @nkd I hope you enjoy your time here, its a great community ! Nice post, wish you much luck! I will follow your account. Don't hesitate to contact or follow me at any time :-) See you around @tradewonk
thanks @tradewonk for your support!!
keep steeming!!
I liked it! It came to my attention that you have a new account so welcome to the steemit platform. I just upvoted you for this as you deserved it and keep up the good work!
As a fresh steemian it can be hard to increase your steem power so you could give @MinnowPowerUp a go. This service lets you earn up to 30% more steem power than just powering up! It's a subscription based daily upvote bot that draws its power from a delegation pool. I compiled this post to explain the system in more depth and share my own experience in earning wupvotes for over $1 a day.
Sources: http://www.icocalendar.today/crypto-coins-directory/steem-steem
http://www.frot.co.nz/design/computing/cryptocurrency-101/
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This post has received a -16.67 % downvote from @meanpeoplesuck thanks to: @blacklist-a.