Lol, you've probably told me this before... Apologies if so but thanks again. Still confused about how payouts work and the Steem Power, Steem Dollar, ..... Soooo green, dont laugh 😜....
Every post waits 7 days before payout. You can dictate how your payouts work: either 50/50 split between Steem Power and SBD (Steem Backed Dollars), 100% into SP, or decline payout. Steem Power is Steem that is re-invested into your Steemit account. The more SP you have, the more powerful your account is here on Steemit. SBD are a token that is loosely pegged to the US Dollar and can be easily exchanged for other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc.
Lol, you've probably told me this before... Apologies if so but thanks again. Still confused about how payouts work and the Steem Power, Steem Dollar, ..... Soooo green, dont laugh 😜....
No worries as I am on that same boat! lol
Every post waits 7 days before payout. You can dictate how your payouts work: either 50/50 split between Steem Power and SBD (Steem Backed Dollars), 100% into SP, or decline payout. Steem Power is Steem that is re-invested into your Steemit account. The more SP you have, the more powerful your account is here on Steemit. SBD are a token that is loosely pegged to the US Dollar and can be easily exchanged for other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc.
Hope that helps :)
Thank you so much @shayne, you rock! 😎