What is Steem(SP), Steem Dollor(SBD), Steem Power ?

in #mgsc • 6 years ago

What is Steem(SP), Steem Dollor(SBD), Steem Power ?
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STEEM
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steem is a crypto currency like others and can be traded on exchanges like bitreex, upbit etc. it is the base currency of Steemit platform.it can be converted into steem power and steem dolloar.

STEEM DOLLOR (SBD)
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It is also a crypto currency like others and can be traded on exchanges like bitreex,upbit etc. it is not converted directly into steem power , first you should convert it into steem then you can buy steem power.

STEEM POWER (SP)
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Steem power is steem in itself which has been blocked in vested,meaning it can't be immediately withdrawn to spend. there is a process to convert steem into steem power calling "powering down".
steem power is the main thing to grow on steemit.the more steem power you have the more you will grow.

BENIFITS OF STEEM POWER

1.Steem power gives you influence on Steemit.

2.The more SP you have, the more money you give to authors with an up vote.

3.The more SP you have, the greater the curation rewards you can earn.

#introduceyourself #bitcoin #steemit #cryptocurrency
6 years ago in #mgsc by
$3.96
  • Past Payouts $3.96, 0.00 TRX
  • - Author $3.12, 0.00 TRX
  • - Curators $0.84, 0.00 TRX
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     6 years ago 

    Welcome to Steem Community @iftikharali! As a gentle reminder, please keep your master password safe. The best practise is to use your private posting key to login to Steemit when posting; and the private active key for wallet related transactions.

    In the New Steemians project, we help new members of steem by education and resteeeming their articles. Get your articles resteemed too for maximum exposure. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch

    $0.47
    • Past Payouts $0.47, 0.00 TRX
    • - Author $0.47, 0.00 TRX
    • - Curators $0.00, 0.00 TRX
    2 votes
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    [-]
     6 years ago 

    Have upvoted and resteemed this post in other to help newbies.

    [-]
     6 years ago 

    thank you so much for your help,appreciate it.

    $0.00
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      [-]
       6 years ago 

      Thanks for this post i actually now understand how steemit works and how we all can grow on this platform.. for new users steemit seems to be very complicated but from posts like yours we got to know more and more about steemit and its power.. Thanks man for this post..

      [-]
       6 years ago 

      thnaks you too. to know more about steemit keep reading my old andupcoming posts.

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         6 years ago 

        I'm describing Steem Power as a Steemit Shareholder. How much your parthership is high, your profit will be high too.
        https://steemit.com/tr/@cryptosman/cok-oenemli-gereksiz-upvote-bize-zarar-verir-very-important-unnecessary-upvote-would-hurt-us

        [-]
         6 years ago 

        Welcome to Steemit iftikharali. Let me know if you got any questions about Steem or anything related to it! The official FAQ can be found here and has A LOT of information https://steemit.com/faq.html - Also remember, Steemit is just ONE of the sites built that uses Steem the blockchain. We also have DTube - our very own Youtube, DSound for Soundcloud and Steepshot if you prefer Instagram like experience. I'd also like to mention ChainBB - forums, Busy - Steemit with more modern look basically, DMania for memes and Dlive for streaming just like in Twitch! You can also earn Steem by gaming now! Search for Steemgar if that's more your thing. Welcome to the blockchain! :)

        [-]
         6 years ago 

        Nice , all the time I want to know , how the system behind the upvotes(...) and all this functions, and now I know it ... thank you

        [-]
         6 years ago 

        Good post thanks for sharing

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