What is Steempower?
What is Steempower?
You have probably already checked the wallet section on your blog. You have seen Steem, Steempower and Steem dollars. In this post I will be explaining what Steempower, or in short SP is!
Steempower is also a cryptocurrency wich you can buy and sell, but before you start converting your SP to Steem, Steem advises to keep your SP above 5! Your account may get unstable if you convert more. Well if you have just started out then you have not that much SP. No problem you'll survive!
Steempower is a measurement of how much influence a user has in the Steem network. The more Steempower a user holds, the more they can influence the value of posts and comments. Steempower is less liquid. If a user wishes to “Power Down” SP, they will receive equal distributions of the STEEM weekly, over a 13 week period.
The section above is from the Steemit FAQ page. That is an awesome page that you should check out if you are just starting out!
As you have just read. The more SP you have the more you can influence the value of posts. If you have a lot of SP your votes and comments are worth more! So before you start powering down consider the value of your Steempower!
Written by my friend: https://steemit.com/@driaug
thanks for sharing,
I just cancelled my powering down, because I requested it, a week or so ago, just to try how it works. But your advice to keep SP above 5, make my decision the other way, and I will keep collecting SP as much as I can.
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