What is Vest & Know STEEM, Steem Power, and Steem Dollars

3년 전

vestpower.png

According to Wikipedia, vesting is to grant the current or future right that is immediately secured. This concept can appear in a number of contexts, but the most common are inheritance law and pension plan law.

In Steem's scope we can compare that STEEM Power (SP) token is held, locked in a contract that gives you more voting power. The more STEEM Power you have the greater Reward for Curating, Posting & Comment, your voice carries more value which means that you will give more to your users as you vote and you own when you contribute.

In the Steemit FAQ we are told that STEEM Power is less liquid. If a user wants "Power Down" SP, they will receive the same weekly STEEM distribution, over a 13-week period.

In a financial analogy, STEEM Power is basically a STEEM held in funds. Vest is part of the fund. In his explanation of the Steem Economic System, steemian @sigmajin says that just like real world stocks, Vest represents the percentage of steem-iverse ownership.

Steemd's blockchain explorer site shows how many Vested STEEM each steemian has, visit www.steemd.com/@steemitusername (replace with the username you want to check). This is different from the Steemit Wallet, which indicates the amount of STEEM required to purchase the Vest amount owned by the user at that time. This means Vest is a small part of STEEM, very small which is usually represented with MV units (Megavest or 1 Million Vest).
What is the difference between STEEM, Steem Power, and Steem Dollars?

STEEM

STEEM is a liquid base currency token in the platform. STEEM can be turned into Steem Power, exchanged with Steem Dollars, or transferred to another account. This is a cryptocurrency token, similar to bitcoin.

Steem Power

Steem Power (abbreviated as SP) is a measure of how much influence a user has in a Steem network. The more Steem Power users have, the more they can affect the value of posts and comments. Steem Power is less liquid. If a user wants "Power Down" SP, they will receive the same weekly STEEM distribution, over a 13-week period.

Steem Dollars

Steem Dollars (commonly abbreviated as SBDs) are currency tokens with stable values ​​designed to be pegged to $ 1 USD. Steem Dollars can be traded with STEEM, and transferred to another account for trading or exchange. Steem Dollars can also be converted into STEEM through a 3.5 day process.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/faq.html

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by SRL-ZONE from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

YOU JUST GOT UPVOTED

Congratulations,
you just received a 33.65% upvote from @steemhq - Community Bot!

Wanna join and receive free upvotes yourself?
Vote for steemhq.witness on Steemit or directly on SteemConnect and join the Community Witness.

This service was brought to you by SteemHQ.com

Congratulations @srl-zone! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard!


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @srl-zone! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @srl-zone! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @srl-zone! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 3000 upvotes. Your next target is to reach 4000 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Saint Nicholas challenge for good boys and girls

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @srl-zone! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

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!