Six months ago my upvote was worth less than a penny. But daily posting, a rarely read blog, and daily comments within three months my upvote was worth a penny. From there it went to just my two cents and now its three cents. Why this is important is it is a demonstration of the compounding value of Powering Up at every occasion.
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Yes compounding value of power up (total steem power), current percentage of voting power plus increase in steem price-all reflects on your voting power