10th Hive Power Up Day
Hello Hivers! 💪 😎 🚀
Today is the tenth day this year you can start building your Hive Power!
It's the tenth Hive Power Up Day (HPUD) of the year 2022. A nice opportunity for all those who have set their goals in Hive.
Of course, you can do a power-up whenever you want, but on the first day of every month, you get certain benefits.
Stronger votes on content & witnesses - although you may not see this in the first instance if you stay for a longer time and keep powering up as I have over the last 2.5 years, then you will notice the accumulative effect;
Earning more curation rewards - kinda goes with point 1 but the way it works is that if you upvote content, you will earn as well (known as curation rewards) so the more Hive Power you have, the more you can potentially earn back;
Earning "interest" by holding/staking Hive Power - maybe you didn't know this but you will also earn HIVE passively at about 3% per year of what you currently have powered up so the more HIVE you have, the more you can earn from just holding!
Earn by delegating - delegating is effectively "loaning" out your HIVE Power to others and some accounts may offer you a daily payment for doing so. If you have more to delegate, you can earn more by delegating which helps grow your balance even more! Read my post about delegation!
When if not now? Today is the day!
- More details about prizes, awards, and rules can be read in @traciyork post.
- You can get nice rewards and badges, read the details in @hivebuzz post.
So, there's no reason not to do the Power Up!
How to do Power Up?
It's still quite simple in all Hive blockchain interfaces.
You need to go to your Wallet >> Power Up then put the amount and confirm the transaction via authorization services aka Keychain or HiveSigner.
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