Steem Power is the holy grail on Steem. The more you have, the more influence you have on the platform. So we recommend to POWER UP your STEEM in your Wallet.
Liquid STEEM in your wallet earns you nothing, which you can trade at an exchange for other crypto or sell for fiat currency. When you power up STEEM, part of the new generated Steem will be distributed to all users who are holding SP, you don´t have to do anything, it increases automatically.
When you upvote a post with your SP, you earn curation rewards, this is a portion of the total payout of the post you voted on. Authors get 50%, curators get 50%. The more SP you have, the more curation rewards you earn because your vote is bigger.
Compete in challenges on Steemit. Monthly, there is a contest called #spud4steem, on this day you get extra motivated to POWER UP, because you can earn SP and other prizes! Follow @kiwiscanfly
POWER UP Steem to Steem Power (SP), the conversion ratio is 1:1, which is instant. But if you POWER DOWN Steem Power (SP) to STEEM it takes 4 weeks, please be cautious when doing this.
Thanks for the advice. I like @kiwiscanfly - he's great and I'm excited to hear that he's starting #spud4steem again. I'm surprised he hasn't mentioned it - it seems like the kind of thing he'd mention.
PS. You can have a downvote for plagiarising this 3 year old post.
https://steemit.com/guide/@steemitblog/steemit-a-guide-for-newcomers
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I was kinda hoping to keep it a secret but my new best flag buddy has spilled the beans.
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It's great to have a flag buddy 🤣
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Why are you posting here? This community is not for all users.
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