The Concept of Upvote in Steemit

In this blog, I we will be able to answer these questions and at the same time answer the questions from a lot of my friends new to Steemit. As Steemit continues to grow in our community, I believe this blog will be beneficial to the new users of Steemit who wanted to understand how the concept of rewards are being put in Steemit. The following questions will be tackled :

• What is an Upvote?

• How Much is an Upvote worth? How do we compute the value of vote a user has?

• How much upvotes am I allowed to get per day?

• What if I'll exceed to the voting limit per day? What will happen?

• How do I spend my Upvote Wisely?

@sndbox has already made an excellent post about it, I am adding some thoughts to make it better especially because of HardFork19 changes on the system of upvoting.

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What is An Upvote?

Photocredit @sndbox

As a comparison and definition, the word "upvote" in Steemit is technically the same as "Like" in Facebook/Youtube, a "Heart" on instagram, or simple a "vote". Since Steemit is an "incentivized social media blogging platform", we need to understand how upvoting system in Steemit works.

Our upvotes rewards the users from the content they posted. Upvotes are the reasons why our posts gets value (look pending payout). Without upvotes from users, we will have no earnings in Steemit (your self vote is part of it).

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How Much is an Upvote Worth? How is it computed?

As mentioned above, upvotes are essential because it is the reason a post gets value. Upvote Worth is determine by the amount of "Steem Power" a user has and the vote weight "%" allocated on a post. The more Steem Power a user has, the more valuable his upvote is.

As defined by Steemit, "Influence tokens which give you more control over post payouts and allow you to earn on curation rewards." As to how it is computed or how to determine the value of your upvote is, you can use Steemnow.com to check for a users upvote value.

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How much upvotes am I allowed to get per day?

as of the current Hardford (HF19), a user is allowed to give a 10 full upvotes per day. Full upvote means you are using 100% of your voting weight on a single post. For users who has less than 600 Steem Power (if I'm not mistaken), you will be able to give 100% voting weight on posts you upvoted. So technically, you are only allowed to vote 1000% (10 times 100% full upvote) per day to upvote a post. If your SP goes more than 600, Steemit will provide you a "voting slider" which will allow you to adjust the voting weight of your upvote on a certain post.

For example, I have a full upvote of $1.00 with around 3,900 Steem Power (assumption only and for illustration purposes). Since it is more than 600 SP, I am given a voting slider to use for me to adjust the voting weight I am allocating on a certain post. If I only give 50% of my voting weight to upvote a post, I am only giving a $0.50 upvote worth (since 50% of $1.00 is 50 cents).

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What if I'll exceed to the voting limit per day? What will happen?

If you exceeded 10 full upvotes per day, say you upvoted 12 posts on a single day. The effect will be your voting power decreases. The more your voting power is decreasing, the lesser your full upvote becomes. This is a perfect way to fight voting abuse in the platform.

Don't worry, it will be replenished. As far as I know, a full upvote (1) is replenished per day. Which literally means if you voted 12 posts on a single day, you need around 2 more days for your voting power be maintained at 100%. Again the lesser your voting power becomes, the lesser the value pf your full upvote.

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How do I spend my Upvote Wisely?

The preference of posts you wanted to upvote all depends on you. What my advise is to use your upvotes on worthy posts that you feel it is needed to be rewarded. Even a single meme will do as long as you feel the post is worthy to be upvoted. You also need to be mindful of how much have you upvoted this day to maintain your voting power. Remember, ten full upvotes per day (100%) is the limit and if you voted on posts exceeding 10, your voting power decreases. As a result, you upvote value decreases.

@sndbox courtesy of @hansikhouse and @voronoi made a perfect illustration on how to do you maximize your upvotes via curation rewards. When a post gets its payout, the rewards are being split to approximately 75% authors rewards and 25% curators rewards. By looking at the time a content gets posted, you can maximize that 25% curation rewards by the GIF illustrated below. Meaning, if you want to maximize your curation rewards vote posts on its 30th minute or if you want to give all of the curation rewards to the author, smash the upvote button right away!

GIF credits to @sndbox

Explore more on these Good Steemit Guides for you

Thank you for reading, may these posts below will add up to your understanding in Steemit. I made those posts for you, Steemit buddy. If you wish to resteem the posts for awareness, please do.

If you have comments, reactions, or suggestions to make the post better, please don't hesitate to drop a comment here. I will appreciate it and will be a big help to the new users.

• The Pros and Cons of Resteeming | How does Resteeming Many Blogs affect you?

• The Power of Promoting Steemit | How does it Affect your Steemit Career?

• The Things to be Thankful in Steemit | My Kind of Message to New Steemians Joining the Platform

Best regards from a Gentleman

Photo and GIF credits : @sndbox, 1 2 3