100 STEEM POWERED UP || My Steemit Journey

obikay (61)in #powerup • yesterday

Hi everyone 😊

Let me discuss with you today a crucial aspect of Steemit. Everybody has a notion regarding power-ups. Most likely, everyone is aware of what occurs when you power up. We are all aware of how beneficial it is to our accounts.

How does Power Up work?

Powering up is the process of sending the liquid steem from your wallet to your steem power (SP). That's what power up is all about. That's very simple, right? Yes, it's something that benefits you and the steem ecosystem.

Some individuals that have a lot of voting power may have a lot of steem saved in SP, as you may have noticed. This is due to the fact that sending your steem to SP gives you more voting power; hence, the more steem you have, the more power you have.

However, what makes this crucial?

As with other cryptocurrencies, supply and demand determine steem's value. When a significant portion of people exchange their steem for another cryptocurrency, the steem's value declines.

Powering up works well on the Steemit platform. Your steem will be retained in your account as steem power when you power up. This creates less steem available for purchase. Demand for steem rises when the market's supply of steem declines. The cost of steem rises as well.

....Progress so far......

PREVIOUS STEEM POWER	3,181 STEEM POWER
STEEM POWERED UP	100 STEEM
CURRENT STEEM POWER	3,281 STEEM POWER
CURRENT TARGET	5,000 STEEM POWER
NEXT TARGET	10,000 STEEM POWER