Hello to the community, hope everyone is doing great!!
Time is flying like wind and we have only three months before turning pages in a new year. Anyway, @jyoti-thelight has already come up with her Weekly power-up contest.. Already 56 weeks have been done in it as well. So, if you plan to do a power-up, here is the chance to do it by joining a contest.
We know that Steem is the native cryptocurrency of our beloved ecosystem. So, converting this Steem into Steemit power state is done by the process of powering up. Don't worry, it's not that big a deal. This is very important for both the platform as well as the individual users. So, more like a win-win situation.
We know that our rewards come as 50% Steem and 50% Steemit power, (if we didn't set the posts to 100% power up). So, as 50% is already automatically powered up, we have 50% of Steem to do this manually and if we need to withdraw some. The staked state can't be withdrawn and you have to remember that we have to wait 01 month if we want to convert to original. So, what's all the rush? Before that let's do my weekly power-up.
Power up process
Alright! First, go to your wallet. And as shown in the image below you will see the power-up option in the dropdown. Simply click it.
Before Power Up
Here's what my wallet looked like before doing it.
100 STEEM POWER-UP
The next window that comes up, when you hit the power up option is like below. There we have to give the amount we need and click and proceed. Then we just need the active key, and in a few seconds, it is done.
After Power Up
Before Power Up - 190.891 Steem, 20,646.944 SP
Amount Power up - 100 Steem
After Power Up - 90.891 Steem, 20,746.944 SP
The importance of Power Up
The valuable discussion. This process is just like an investment, that gives us more influence on the platform. First, it increases the strength of your upvotes. You will understand when you check and compare yours and the steem curators. So, the higher the better, as we can appreciate quality content on the platform. As a return, the amount of curation rewards we receive also gets higher. This is a considerably higher passive income as well. So, it's a plus point for both sides.
On the other hand, we can delegate our power to one account or community and strengthen it as a team. Self-sufficient communities are the backbone here for survival, as we can go forward. And the influence in witness voting also an important thing to remind of.
And as many of us have started here from the bottom, we have to show our presence here out of thousands of users. Show our commitment to the platform. Increase our reputation. So, this path is a proven way to that. And with that more chances are created to collaborated like, steem representative/ curators/ moderators etc.
And if you are a believer of steemit this is the best way to holding steem. As these days the price is quite low, I invite you to HODL. It will be a pretty good deal in the near future. As the team says, we receive this as well. And on the other hand, it will stabilize the platform's economy too.
STEEM POWER increases at an APR of approximately 2.68%, subject to blockchain variance. See FAQ for details.
So, I think you got the picture!!
Thank you once again for hosting this nice contest. I hope you will find it interesting. I invite @sachisewwandi, @irawandedy, @simonnwigwe to the contest!
Until the next time! Enjoy!
Thank you.
Best Regards!
twitter share: https://x.com/UsualBeyond/status/1842099436643836279
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I really want to reach a level where when I upvote other users, I'm giving more credit to great content, I will continue to commit to being an active user on the platform, so that I can make more positive contributions.
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