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RE: STEEM Explained: STEEM, STEEM Power and SBD
If I have 100 steem power and I power down, how many Steem tokens will reflect in my account and in exactly how much time?
If I have 100 steem power and I power down, how many Steem tokens will reflect in my account and in exactly how much time?
During every power down (every 7 days), you'll get 7.69 STEEM and lose 7.69 STEEM POWER. (net total is still 100 STEEM).
It takes 13 power down cycles to completely convert your STEEM power to STEEM
Thank you. Thats quite a task. OK also tell me the price at which the power down happens. Suppose I hit the Power Down button today at $1.00 Steem Price. Does all power downs take place at this price? where I began the power down...OR at the respective market prices every week?
Also do I need to press Power down, Manually every week or it happens automatically?
Once you press power down it automatically happens every week.
Thank you. But at what price?