Before you can earn Steem currency, you need to know how Steem’s three cryptocurrencies work!
STEEM is the fundamental currency of the system. It’s volatile, subject to inflationary losses (its supply increases 100% per year) but also easily exchangeable for Bitcoin and other cryptocurrencies at BlockTrades, Bittrex and OpenLedger.
STEEM is an ownership token but is only votable when vested as the second currency — Steem Power — in a process called powering up.
STEEM can also be converted into Steem Dollars.
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If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Thank you for your informative post. And I think you summed it up really well in a short and concise post. I wish I had read a post like this just when I joined because it took quite some time for me to actually figure out what these three values mean and how to interact with each other. Now it took me a long time before I figured out the 50/50 rewards are the best option
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Thanks for inspire me!
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