Hello everybody,
welcome to 
STEEM BASICS is a series of posts that covers all topics about STEEM, STEEMIT, BUSY, UTOPIAN, DTUBE and the whole Ecosystem and will help new users on STEEM to understand the plattform better!
Previous Episodes:
This episode is about the different currencies on STEEM(IT) - STEEM, STEEM-DOLLARS and STEEMPOWER.
Currency: STEEM
As we explained in the previous Episode - STEEM is a blockchain. Through which we - the users - are able to create all of our posts for Steemit, Busy, Utopian, DTUBE, D-Mania & Co and get rewarded for it.
But STEEM is also - similar to Bitcoin - a currency. Which can be transferred internally through STEEM(IT) - for example to 
So when you want to trade STEEM for another crypto-currency on Bittrex, then you send your STEEM to
The great thing about STEEM is that it can be used in the liquid form to trade, but can also be converted to STEEMPOWER as a way to invest into STEEM (as a plattform) and to gain passive and active dividends.
Currency: STEEMPOWER
STEEMPOWER is essentially the same thing as STEEM - with the only difference that it is powered-up for at least 13 weeks. Which means - STEEMPOWER can't be transferred instantly. It needs to power down - which takes 13 weeks while every week 1/13 is made available.
The great thing about STEEMPOWER is that it is used to determine how much your vote is worth. Your vote has a value behind it - which means that when you upvote a post - the posts receives rewards based on your vote-value.
Normally, when you start out - depending on the STEEM price - your 100% Vote is worth something between 0.25 and 1 cent.
With STEEMPOWER - you can increase how much your vote is worth.
This value changes depending on how much STEEM is worth in USD. As of right now - the price of 1 STEEM in USD is around 2.7 USD. If this price would go to 4 USD - the vote-value would be even higher.
You can calculate the vote-value yourself through this calculator on steemnow.com
Currency: STEEM-DOLLAR
And now it gets a bit confusing. The reason why STEEM has a currency called STEEM-DOLLAR is because STEEM-DOLLAR is supposed to be pegged (equal) to 1 USD.
The reason: nearly all crypto-currencies change dramatically in price. 1 year ago - 1 STEEM was worth around 0.1 USD and now its worth 2.7 USD. And the price continues to increase or decrease.
So the goal with STEEM-DOLLAR was to have a stable currency for which STEEM-Users can get rewarded for their contributions regardless of the price-fluctuations and also trade STEEM for STEEM-DOLLAR and vice-versa.
But - as you prob. have noticed - the STEEM-DOLLAR price has exploded - at 7 USD right now ( from up to 14 USD).
That's why, we can't really tell more about STEEM-DOLLAR right now, since the future is not yet decided. The current goal is to bring it back to 1 USD but if this truly happens? We don't know yet.
But what we do know is that everything you do on STEEM right now is more lucrative than ever before.
We hope that you learned a lot through this episode of STEEM BASICS.
STEEM BASICS was brought to you by
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