why it is important to earn steem power ?? and why you should invest some steem dollars you earned in steem power ??
If you have started using steemit recently then you must have seen the wallet section in your steem it account. Inside wallet we have steem , steem power and steem dollors. So you must be thinking what this steem power is and incase you have not yet found any good explanation here i am discussing
what is this steem power ??
Steem power is kind of stocks of steem or the cryptocurrency we are dealing in. When you earn some thing on your post you don't get all of that money in dollars or steem dollars in steemit jargon. You get certain percentage of that total earning in steem dollars form and some in steem power. Steem dollars are convertible to normal currency but steem power cannot be converted immediately like steem dollars and as you will read this post you will understand why it is important to earn steem power and why you should invest some steem dollars you earned in steem power.
You must have seen the following line under steem power heading in your steemit wallet
Steem Power, influence tokens that earn more power for holding long term and voting on posts. The more one holds the more one can influence other’s rewards and earn rewards for accurate voting.
What this means ??
Steem power is actually the power of influence you earn on steemit , it is the reputation the respect or the esteem you have earned on steemit.
The more steem power you have the more are chances of earning good.
How to earn steem power??
You can earn steem power by posting good original content or by upvoting posts that you think have more power to get viral on steemit and if a post that you upvoted in it's initial stages or when there were not many upvotes to it , gets viral you will earn steem power and steem dollars .
This is a sign of how much influential you are.
Congratulations @hacknomist! You have received a personal award!
Happy Birthday - 1 Year
Click on the badge to view your own Board of Honor on SteemitBoard.
For more information about this award, click here
Congratulations @hacknomist! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!