Power Down
Can any of my lovely fellow Steemians (Is that the right term?) explain to me how this Power Down thing works?
I did a bit of research into it and it seem that powering down steem, means loosing that Steem Power a little, but the power gets turned into Steem / Steem Dollars instead?
Only, I also read something about waiting 1-2 years?
Still feel like I'm new to this cryptocurrency world... I'm trying to learn! :P
To give it a try is worth and necessary. thereby it will become skillful in seemit. Good luck.
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And that is why I am trying. :)
Trial and error. No better way to learn!
Thank you for your reply! :D
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When you power down you have to wait 13 weeks (about 3 months) to get your total amount in Steem.
For exemple you want to power down 100 SP :
100 / 13 = 7.692 Steem
each week you will receive 7.692 steem.
You can also stop powering down when you want.
I hope that was helpful for you
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Thank you! :)
I am going to give it a try!
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