Difference between revisions of "STEEM Power (SP)"

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To unlock SP and convert it back to STEEM you have to start a "Power Down" process which moves 1/13th of your Steem Power per week back into Steem (which is spendable) over 13 weeks. So for example, if you have 1300 Steem Power and power down, you will have 100 Steem a week unlocked into something you can spend, trade, transfer or withdraw.
 
To unlock SP and convert it back to STEEM you have to start a "Power Down" process which moves 1/13th of your Steem Power per week back into Steem (which is spendable) over 13 weeks. So for example, if you have 1300 Steem Power and power down, you will have 100 Steem a week unlocked into something you can spend, trade, transfer or withdraw.
  
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==Links:==
 
  
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* '''@sykochica''' : [https://steemit.com/steem-help/@sykochica/answering-common-questions-steem-steem-power-steem-dollars-and-what-should-i-do-with-them Answering Common Questions: Steem, Steem Power, Steem Dollars and What Should I do with them?]
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==Links==
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* '''@sigmajin''' : [https://steemit.com/interest/@sigmajin/understanding-the-steem-economic-system-vests-sbd-steem-dilution-interest-and-all-those-crazy-things Understanding the Steem Economic System Vests, SBD, Steem, Dilution interest and all those crazy things]
 
  
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==See also==
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* '''Steemit''' : https://www.steemit.com
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* '''@sigmajin''' : [https://steemit.com/interest/@sigmajin/understanding-the-steem-economic-system-vests-sbd-steem-dilution-interest-and-all-those-crazy-things Understanding the Steem Economic System Vests, SBD, Steem, Dilution interest and all those crazy things] ''August 2016''
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* '''@dimimp''' : [https://steemit.com/introduceyourself/@dimimp/please-help-addicted-to-steem-i-put-my-life-savings-into-steem-before-making-my-first-post-i-only-have-1-question PLEASE HELP - addicted to STEEM - I put my life savings into STEEM before making my first post ~ I only have 1 question] ''November 2016''
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* '''@rmach''' : [https://steemit.com/steemit/@rmach/want-steem-power-relax-you-ll-be-fine Want Steem Power? Relax, you'll be fine.] ''January 2017''
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* '''@me-tarzan''' : [https://steemit.com/steemit/@me-tarzan/tuesday-s-daily-steem-power-down-i-have-added-an-average-line-on-the-chart Tuesday's >>>> Daily STEEM Power downs <><> I have added an average line on the chart] ''March 2017''
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* '''@investors''' : [https://steemit.com/steem/@investors/steem-top-1000-alltime-investors STEEM Top 1000 all-time Investors] ''March 2017''
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* '''@michiel''' : [https://steemit.com/steemit/@michiel/i-am-very-bullish-on-steem-right-now-just-powered-up-to-double-sp-here-is-why I am very bullish on Steem right now, just powered up to double SP, here is why.] ''June 2017''
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* '''@sykochica''' : [https://steemit.com/steem-help/@sykochica/answering-common-questions-steem-steem-power-steem-dollars-and-what-should-i-do-with-them Answering Common Questions: Steem, Steem Power, Steem Dollars and What Should I do with them?] ''June 2017''
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* '''@firepower''' : [https://steemit.com/steemit/@firepower/3-excellent-reasons-for-hodling-steem-as-steem-power 3 Excellent Reasons for HODLing Steem as Steem Power!] ''June 6th, 2017''
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* '''@kevinwong''' : [https://steemit.com/steem/@kevinwong/why-should-you-consider-accumulating-steem-power Why Should You Consider Accumulating Steem Power?] ''June 6th, 2017''
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* '''@allasyummyfood''' : [https://steemit.com/steemit/@allasyummyfood/9-video-tutorial-what-is-steem-power-and-curration-rewards 9. Video Tutorial ( What is Steem Power & Curation Rewards)] ''June 27th, 2017''
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* '''@cryptoctopus''' : [https://steemit.com/investment/@cryptoctopus/cashflow-or-capital-appreciation-what-is-the-true-value-of-steempower Cashflow or capital investment? What is the true value of Steempower?] ''July 3rd, 2017''
  
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==Related articles==
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* [[Increase Your Steem Net Worth]]
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* [[Reputation]]
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* [[Steem Dollar (SBD)]]
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* [[Steem Exchanges]]
 
* [[STEEM Tokens]]
 
* [[STEEM Tokens]]
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* [[Steem Dollar (SBD)]]
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* [[Steem Wallets]]
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* [[Steemit]]
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==References==
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* '''Boxmining Channel on YouTube''' : [https://www.youtube.com/watch?v=gS6BP3RxJFs STEEM Explained: STEEM, STEEM Power and SBD] ''Video tutorial by [https://steemit.com/steemit/@boxmining/steem-explained-steem-steem-power-and-sbd @boxmining], published in 5/8/2017''
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* '''Cryptocompare''' : [https://www.cryptocompare.com/coins/guides/how-to-earn-steem/ How to Earn Steem?] ''Written by unsigned, published in 4/20/2017''
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* '''99 Bitcoins''' : [https://99bitcoins.com/making-money-with-steemit-steem-dollars-and-steem-power-explained/ Making Money with Steemit (Steem Dollars and Steem Power explained)] ''Written by Ofir Beigel, published in 10/14/2016''
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* '''Andrew Levine Channel on YouTube''' : [https://www.youtube.com/watch?v=g2TU6lyu90I Steemit 101 - Steem, Steem Dollars, and Steem Power] ''Video tutorial by
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Andrew Levine[https://steemit.com/@andrarchy @andrarchy], published in 7/15/2016''
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<br>
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----
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<br>
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{| class="wikitable" style="margin: auto;"
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| Help keep this wiki page updated. Register, click in [https://www.steem.center/index.php?title=STEEM_Power_(SP)&action=edit edit], add or modify the text and save. <br>If you're already a steemian you can be rewarded with steem, see how in [https://steemit.com/introduceyourself/@steemcenterwiki/introduction-rewarding-steem-center-wiki-editors-with-steem-too @steemcenterwiki].
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|-
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|}
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<br>
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[[Category:Economy]]

Revision as of 14:30, 3 July 2017

Steem Power (SP) is STEEM (see STEEM_Tokens) that has been locked in, meaning it can't be immediately withdrawn to spend.

Steem Power is what gives you influence on Steemit. The more SP you have, the more money you give to authors with an upvote as well as the greater the curation rewards you can earn. There is a very small 'interest' rate earned by holding Steem Power.

Converting STEEM to SP in called powering up. This can be done by clicking the down arrow next to the STEEM in your wallet and selecting power up. 1 STEEM = 1 Steem Power when powered up.

To unlock SP and convert it back to STEEM you have to start a "Power Down" process which moves 1/13th of your Steem Power per week back into Steem (which is spendable) over 13 weeks. So for example, if you have 1300 Steem Power and power down, you will have 100 Steem a week unlocked into something you can spend, trade, transfer or withdraw.


Links

Related articles

References

Andrew Levine@andrarchy, published in 7/15/2016



Help keep this wiki page updated. Register, click in edit, add or modify the text and save.
If you're already a steemian you can be rewarded with steem, see how in @steemcenterwiki.


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