STEEM Power really is the key to the Steemit platform. You can think about STEEM power as the amount of influence you have. The more STEEM power you have, the more influence you have on the Steemit platform. STEEM power is so important, that people actually LEASE out their STEEM Power in exchange for, interest paid out in STEEM dollar, plus the principal amount of STEEM Power that was lent out.
More STEEM power translates to: Posts ranking higher on the Steemit platform and a higher payout on comments and blog posts. There’s a real incentive to have as much STEEM Power as possible. Therefore, people who do have a lot of it, capitalize on this need by leasing it out to other people. However, it should be noted that you can either acquire a large amount of STEEM power organically, through everyday interactions on the Steemit platform, or you can purchase it with fiat currency. Regardless of which method you decide to choose, STEEM power is an important component of the Steemit platform.
