Steem Community Token Economic System — Steem Power and Steem Dollars You Should Know
This is the most complicated use of Token in the current blockchain project.
Steemit is a content-based community. It was released in the summer of 2016. Its main function is to send articles, likes, comments (there is no limit to the topic, and everything is discussed). This is almost the same as Reddit. Currently, the market value of Steem is 32th. , about 870 million US dollars worth.
Steem has designed an unprecedented three-currency mechanism: Steem, Steem Power, and Steem Dollar. They have different uses and can be transformed into each other.
The basic logic is that posting articles, comments, and likes can all take part of Steem out of the pool.
Steem Power Positions Steem’s Shares
You can convert Steem to Steem Power, and then you can not trade for a certain time. You can think of it as locking up Steem. This shows that you have confidence in the platform and the platform will enlarge your privileges, such as high. Weight, make more money, and will continue to get extra dividends.
Steem Dollar Positions Steem’s Bonds
In many cases, the platform does not send Steem to rewards, but Steem Dollar, and then promises that Steem Dollar can always be converted to a US dollar Steem.
Steemit is a content-based community. It was released in the summer of 2016. Its main function is to send articles, likes, comments (there is no limit to the topic, and everything is discussed). This is almost the same as Reddit. Currently, the market value of Steem is 32th. , about 870 million US dollars worth.
Steem has designed an unprecedented three-currency mechanism: Steem, Steem Power, and Steem Dollar. They have different uses and can be transformed into each other.
The basic logic is that posting articles, comments, and likes can all take part of Steem out of the pool.
Steem Power Positions Steem’s Shares
You can convert Steem to Steem Power, and then you can not trade for a certain time. You can think of it as locking up Steem. This shows that you have confidence in the platform and the platform will enlarge your privileges, such as high. Weight, make more money, and will continue to get extra dividends.
Steem Dollar Positions Steem’s Bonds
In many cases, the platform does not send Steem to rewards, but Steem Dollar, and then promises that Steem Dollar can always be converted to a US dollar Steem.
Interested people can go to steemit to register and post. If you have experience, please share it in this article, because I am also very interested.
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