Power Up, Why It's An Important Activity On Hive

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Have you ever thought about what the value of Hive will be if everyone decides to power down and leave the chain? This will seriously cause the value of Hive to plummet drastically. The amount of Hive staked sustains the Hive ecosystem and gives Hive a good market value. Looking at this from the Demand and supply concept we can all appreciate that by locking up some liquid Hive we contribute to making Hive become more scarce and this in turn boost the price of Hive.

The more Hive that is in circulation the less the value and the vice versa. This is why powering up is an activity that is higly valued in the high ecosystem. I have made it a point to engage in it as and when I get payouts.

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Powerup is very necessary but It's something that can often by overlooked when you only consider reaping the immediate benefits without considering the many benefits that you can gain with having a huge amount of Hive Power. I will highlight on some reasons why power is important:

Powering Up Is Your Investment
Hive isn't just an information sharing network but more of an investment platform. On Hive both creators and curators get rewarded as they actively participate and the reward pool is used to distrubte the funds to them. Content creators and curators all get their share of the reward; with creators, a percentage of the reward is given as Hive power which is automatically staked When a reward is claimed. This is a mechanism that Hive uses to invest for everyone who's actively engaging on the platform. The other half of the creators reward when powered up adds up to the HP to make it grow even more. Powering up some or most of the HBD earned is investing into your future. Hive use to be as low as $0.1 and $0.2, but its value has increased and who knows what the value of Hive would be someday. We can't dispute the fact that on Hive we have the best invesment option and by topping up the investment through power up you stand the chance of earning much more as Hive increases in value.


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You Earn More Curation Rewards
We have the best reward system on Hive. There is no one who actively engages and go unrewarded. With this kind of reward distribution system after a payout, every curator gets a share of the reward which is paid in Hive and directly adds up to the HP. The more HP you have the more curation rewards you will receive.Those with more HP can leveraged this to their advantage by curating more contents. It is one of the many ways of making your investment on Hive work for you to earn passive income.

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It Increases Your Influence
Having more HP on Hive means having more influence. With a good amount of Hive power you become an important stakeholder who plays a major role in determining value distribution; you determine the contents that should be rewarded and how much should be assigned. Powering up makes your vote gain weight over time and you begin to attract more followers, gain more votes whenever you post if your vote weight is powerful.

You Help Build A strong Hive Ecosystem
Hive already has many vibrant communities who are all contributing in divers ways to promote the growth of Hive. In these communities we have new people who also come to add up to the many number of Hives. New accounts are very important and they help to keep the platform very active. We can help reward everyone who is actively parcipating better if we all have a good amount of Hive power. Many curation accounts that is supporting have been a collective pull of HP that is used is distributing value to content creators. This is way of helping to ensure that other hivers are rewarded to feel appreciated for their time, energy and efforts used in engaging in the Hive ecosystem.

You Can Promote Hive Better
Many hivers are already performing fantastic marketing work for Hive, and they are able to do so because they have demonstrated that they believe in Hive. Everyone that believes in Hive sees immense potential in it, which is why they will invest heavily in marketing to propel Hive to the top. We can't tell others about Hive and expect them to invest unless we invest ourselves. We need to show people that we believe in Hive and that we want to see it succeed for a long time and profitably for everyone who has invested in it. If someone can lock thousands or millions of Hive, it is indeed a great prove that he is a believer of Hive and can be a source of inspiration for those who are in the process of growing their HP or those who are have joined Hive.

There are more that perhaps that I couldn't talk about, share with me any valuable input in the comment section. Thanks for reading.



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4 comments
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Power ups on is truly what can sustain the blockchain and our growth as well…great and nice one from you…

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