Let talk about Power Up: What, Why, and How to go about it.

avatar

Trust you have been claiming the rewards of all the posts you have all being doing for a while now. just like I said earlier, upvote are being given to those contents of your on daily basis or once in a while . From all those upvote I want to believe that you already know that half of whatever upvote received by you goes to your curators while the rest is directly to your liquid reward, which means what is left do go to your Hive power. What you choose to do with your liquid hive is up to you as you might choose to withdraw or use it to power up your account.


Image Source

Let talk about what power up is !!!!!

Power up is an act of staking your hive token. This is the process at which you don't covert your hive coin Into Fiat by using crypto exchange, which which means you rather choose to lock it up on your Hive account or ecosystem as it is called. Power up can simply be said that , keeping of Hive token in your wallet in order to increase your upvote ability and return that comes in HBD.

Why you should join the power up

The hive power up might have come and gone now, but I decided to take a look at what you have benefited from it in case you always join the monthly power up too.

A Quick look at this 3 point of how important power up is.

You own the account

Treating your Hive account like a business account is definitely one thing am very sure you should be doing, so that it will be of more benefit when you give your all to it too. Many activities on your Hive account is definitely as a result of Hive power up in which it will give you the ability to Post contents , upvote and comment too, this also will give you the ability to earn as a result of Hive token staked on your account. It is very important that you know that the more your Hive power up, the higher your voting power also. You also have the chance to earn via APR, which comes as interest given to user's for keeping their hive in their Wallet in form of Hive power.

Others user's benefits from you

Powering up Hive is definitely a good thing as it comes with lot of advantage too, other content creators benefit from your Hive power up, most especially when you upvote their account or content written by them, it help to give them huge payout especially when you Hive power up is higher. You also have the opportunity to delegate to both new and old account in order to support them or better still delegate to other account with returns coming for you on daily basis.

It gives you power to decide too

With Hive power up, especially when you have enough in the community,it gives you the avenue to makes some decisions in the community. You have the chance to vote for witness too so as to keep them active and also show that they have been doing good work in the community.

So how do you power up

I agree with you that their is always a power up day every month, but on a contrary I will say you have the right to power up during the month also, which means you shouldn't always wait till the first of the month before you power up too.

To power up your account all you need to do is to go straight into you account where you have Hive already and in case you don't have Hive that all you have is HBD , it means you have to covert such HBD to Hive token before you can power up. To see this , all you have to to do in is to click on the arrow on the right beside the hive dollar and tap on convert.

From their you will be taken to an internal market, from their you can get or sell Hive. for this reason , you will just get the hive you want to power up by exchanging HBD for Hive

After getting their all you have to do is to select the amount of Hive you want to get and it will only require you active key for tis type of transaction.

After all the process of getting Hive in a case that you don't have, you will now go back to your account where you will see your hive token after buying, all you have to do is to tap on the arrow beside your Hive account and select power up from there, you will be ask to input your active key too. But this will automatically transfer your Hive power up into your hive account, in which it will increase everything on your account too .

It is very important that you take this content as part of my support to the newbies too in the community and it is in no way acting or been presented as a financial advise too. The power up tutorial or practical was done via enceny and mind you , you can possibly use other frontend end for this process too .p

Thanks for reading

Posted Using LeoFinance Beta



0
0
0.000
1 comments
avatar

Congratulations @firstborn.pob! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You published more than 200 posts.
Your next target is to reach 250 posts.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

Hive Power Up Month Challenge 2022-08 - Winners List
Be ready for the 9th edition of the Hive Power Up Month!
Hive Power Up Day - September 1st 2022
0
0
0.000