About steemit

Steem Dollars - Steem Dollars (commonly abbreviated SBD) are liquid stable-value currency tokens designed to be pegged to $1 USD. Steem Dollars can be traded with STEEM, and transferred to other accounts for commerce or exchange. Steem Dollars may also be converted into STEEM via a process that takes 3.5 days.

^

What is delegated Steem Power?
Users have the option to delegate Steem Power to other users. When a user is delegated Steem Power - their bandwidth, content votes, and curation rewards are calculated as if it were their own Steem Power. Users are not able to power down or cash out delegated Steem Power however, as it still belongs to the original owner.

Most users will have a small amount of Steem Power delegated to them by the Steemit account after creating an account via steemit.com.

Delegated Steem Power shows up in a user's wallet below their actual Steem Power balance in parentheses.

^

What determines the price of STEEM?
The price of STEEM is based on the supply and demand of the token, as determined by buyers and sellers on the exchanges. It is similar to how the price of a commodity like gold is determined.

^

How do I get more Steem Power?
With STEEM tokens in your wallet, click "Power Up" to turn them into Steem Power. If you have Steem Dollars, you can convert them to STEEM from your wallet, and then power up the STEEM.

If you don’t already have STEEM or Steem Dollars in your wallet, you can purchase them using bitcoin (BTC), Ether (ETH), Litecoin (LTC), or BitShares (BTS) tokens. You may purchase BTC on various exchanges, such as Coinbase.com or Localbitcoins.com.