A lot of people confuse among different terminology used in Steemit cryptocurrency, Today I will share you and illustrate Terminology used in Steemit cryptocurrency.
Steem has several types of tokens, Steem, Steem Dollars (SBD), and Steem Power (a denomination of VESTS). Steem and steem dollars are liquid while steem power is not.
When you are paid on the website Steemit, you can choose to be paid 50% in STEEM Power and 50% in STEEM Dollars, or 100% in steem power. Here's an example of a 50/50 payout: If you earn $200 on a post, you will get $100 STEEM Dollars, and 50 STEEM Power (assuming STEEM Power is worth $2 each, at the current time).
It's also possible to receive STEEM tokens through other means, such as VESTS through mining (valid until January 2017), or transferring Steeem Dollars to someone via STEEM Memo.
Contents [hide]
1 STEEM
2 VESTS (Steem Power)
3 SBD (Steem Dollars)
4 Links
5 Related articles
6 External Links
7 In other languages
STEEM
Steem is the standard Cryptocurrency tradeable on various exchanges. Its value can fluctuate just like any other coin.
VESTS (Steem Power)
VESTS are a type of token given to miners, witnesses and content creators and curators. They are denominated as Steem Power on the website Steemit.
They are non-liquid, thus must be "powered down" before being able to trade them. Powering down Steem Power (VESTS) takes 3 months, and is paid out as 13 weekly payments. The power down rate will stay the same if you earn more STEEM Power while powering down, thus it's recommended to re-power down after earning a large amount of fresh STEEM Power.
STEEM Power gains interest over time, and usually gains interest faster than the power down rate, thus you will still be earning interest while powering down.
Read more: STEEM Power (SP)
SBD (Steem Dollars)
Steem dollars are a currency which is pegged to the US Dollar. They can be converted on Steemit into STEEM Power (powering up), or into STEEM (easily tradable on various exchanges).
Read more: Steem Dollar (SBD)
Links
Steemit : https://steemit.com
Steem.io : https://steem.io
Steemithelp.net : Basic concepts in the Steemit ecosystem Retrieved in March, 8, 2017.
@thecryptofiend : The Missing FAQ - A Beginners Guide To Using Steemit September 2016
@charles.ponzi : Understanding the economic engine that Steem, Steem Dollars, and Steem Power is composed of in <12 min February 2017.
@transhuman : Steem Is Smartmoney... Let's Change The Narrative To How It Should Be March 2017.
@steemitguide : Steemit Financial Instruments: Steem, Steem Power & Steem Dollar Explained May 20th, 2017.
@sykochica : Answering common questions - Steem - Steem Power - Steem Dollars and what should I do with them May 2017
@somethingsubtle : Steem, Steem Power and Dollars - A Metaphor July 1st, 2017.
@digicrypt : Launching the First Steemit Crypto Investment Report! July 5th, 2017.
@steemloverr : Three Currencies in Steemit ( STEEM, STEEM POWER, SBD) July 22nd, 2017.
@penguinpablo : Charts: How much STEEM is being transferred from and to the exchanges? August 9th, 2017
@cryptoctopus : Why STEEM is different and why I'm ALL-IN September 3th, 2017
Related articles
How to transfer STEEM between Steem account to Exchanges
Increase your Steem Net Worth
Peerhub
Steem
Steem Exchanges
Steem Wallets
Steemit
Article Source: https://www.steem.center/index.php?title=STEEM_Tokens
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