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Steem It is the cryptocurrency on which Steemit is based. It is quite similar to Bitcoin although a big difference is that the rewards are more destined to authors and curators than to the creators of the currency or miners themselves. The Steem Blockchain is also the basis of other tokens: an asset called Steem dollars that intends to always have the value of an American dollar and is used as part of the payment to authors and curators. The steem and the dollar steem can be bought and sold in the cryptocurrency market. Steem Power: represents the influence that a user has on the social network compared to the rest of the users in the community and is measured in Steem. It cannot be bought or sold but it can be transformed into Steem in a process that lasts 104 weeks. This method is called Power down. When a new user registers, the platform gives a small amount of Steem power to each member. You can always get more Steem Power through a process called Power up where the Steem is transformed into Steem power. The more Steem power a user has, the greater the impact their votes have. If the content is voted by someone with a considerable amount of Steem Power, then the post will be rewarded with Steem, Steem Power or Steem Dollars. Steem Dollars: The Steem Dollar is an asset that always intends to be worth the same as a US dollar. It can be bought and sold in the cryptos market just like Steem. On the same platform there is an integrated exchange value allowing the change from Steem dollars to Steem. This process usually takes a week. The Steem Dollars will give an annual interest of 10% if they remain on the platform, but if the Steem Dollars increase in value exceeding the dollar, the interest may be stopped. On the contrary, if the Steem Dollars are exchanged at a lower value than the US dollar and their amount is not very high, then the interest will increase. If the person chooses to convert the Steem Dollars to Steem, there will be three things they can do with the Steem: sell it, use it as a cryptocurrency or convert it to Steem Power. 