Steemit - A new ERA in Social Media? - Part 2

Steemit - A new ERA in Social Media? - Part 2

Is this "Steemit thing" actually that great? - Without a doubt!

This is Part 2 and in this part I'll introduce you to the different currencies on steemit.

-Wait what? Different cash?!

On Steemit there's three (3) different "currencies". Let's not complicate things, there's only 1 that "matters" to most people at the beginning, that is steem dollar and that's the cash you can withdraw using an exchange site. More on that in the next part.

The three different currencies:

• STEEM?
  Steem, tradeable tokens that may be transferred at anytime. Steem can be converted to Steem Power in a process called powering up.
  
  
• STEEM POWER
  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.
  
  
• STEEM DOLLARS
  Tokens worth about $1.00 of Steem.
  

So, for anyone who's having a hard time understand this, I'll try to explain this in the best possible way I can, in the simplest way I know of.

People with a BUNCH of Steem Power is called Whales. Next in line there's Dolphins.. Then there are minnows. Maximum, Average and Minimum sort of.

Steem Power gives you just what it sounds like. Power.

Take a look at this:


Pending Payout is $17.39. 13 people have upvoted this post and it's a total of 4 comments. This is minnows in action.

In this next screenshot you'll see the power of both whales, dolphins and minnows in action.



A vote from a whale will most likely end up in anything between $200 and $500 in pending payout immediately, but it also gives you one other benefit. A huge one. Your post will be ranked higher in the "trending" listing.. And that will obviously also increase your chances of getting upvotes from several whales, dolphins and minnows.


Upvotes can be compared with a Like on Facebook for instance. People click "upvote" because they like your content and your earnings will increase.


That's it for Part 2. Take a look at Part 3 for more information!


Best Regards,
hitmeasap