RE: Contest | 25-Word Comment - Monkey Business | SP (Steem Power)
Steem Power (SP) and my thoughts on it.
In my time on steem it I have learned that it's a form of staked cryptocurrency that users hold in their accounts to increase the weight of their votes and earn curation rewards. When users "power up" with their Steem tokens, they convert them into Steem Power, which enhances their influence on the platform and allows them to earn a portion of the rewards from posts they upvote.
Thus you have a new opportunity to gain more steem power delignated to you if you participate in the contests that provide SP as a reward. follow the link bellow and get started.
Steem power delegation Contest for engagement
I would like to thank my personal mentor and advisor @wakeupkitty.pal for the oppertunity however the contest will get better and user friendly. Congratulations to the winners and good luck to all the contestants for the next contest.
Great you stopped by and you explained very well what SP is. For sure it's helpful for the newcomers and those wondering how or what SP is good for (or where it comes from).
I like to add that next to the rewards you see the other 50% is already changed in SP. So if you claim the reward you also claim the 50% of SP (setting 100% powerup (= SP) for posts and/or comments is possible as well.
P.s. I pinned your contest in knack4buzz.
Good luck and a good evening/night.
Thank you for taking the time to reply and share your experiences with Steemit and SP. Some topics seem to be hard to discuss. Your vote is deserved.
🍀♥️