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RE: How Steemit Payouts Work - A Beginners Guide

in #steemit • 7 years ago

Can you explain how we have power to give people money from our votes (i voted for you, you got 2cents, but i did not deposit any money into my account)? That i didn't understand yet.

7 years ago in #steemit by
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     7 years ago (edited)

    Any new account is created with (given permanently) and delegated with (given temporarily) some SP. This means even a brand new account has some power to allocate rewards from the rewards pool.

    If you navigate to your wallet, you will see:

    0.500 STEEM
    (+14.506 STEEM)

    That means you own 0.5 STEEM worth of SP, and are delegated 14.506 STEEM worth of SP.

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     7 years ago 

    Thank you.

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