Today Is 11th HPUD This Year
Hello Hivers! 🚀 😎 🚀
Ten months of this year have passed, and we are deep in autumn. A lot has happened this year and will continue to do so. But you always have to start with yourself. This month, too.
The best way to start the month is to do something for yourself and your community. Increasing your Hive Power is one of the best things you can do.
And Hive Power Up Day is a great way to do just that.
HPUD, the 11th of its kind this year, offers you that opportunity, as it does on the first of every month.
When you increase your Hive Power, you also increase the Power of the whole Hive blockchain!
Of course, you can do a power-up whenever you want, but on the first day of every month, you get certain benefits.
Read on!
There are a lot of benefits, for me best explained by @nickyhavey in his post about more than a three years ago and it still applies:
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.
Btw: Did you know that more than $4,403,676 in curator rewards were distributed on the Hive network last year? Source.
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/staking!
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!
🚀 😎 🚀
...but...but...
How to do Power Up?
It's still quite simple in all Hive blockchain front-ends. You need to go to your Wallet >> Power Up, put the amount you want, and confirm the transaction via authorization services aka Keychain or HiveSigner.
btw: More detailed explanation How To Power Up In Ecency
Looks good but I don't have any Hive for HPUD!
Do I need to buy Hive on Binance or somewhere else?
Absolutely not!
On @ecency web site https://ecency.com/market#swap you can easily SWAP your free (not staked) HBD for Hive! No fees!
Remember, again: When you increase your Hive Power, you also increase the Power of the whole Hive blockchain
Front image created in NightCafe Creator, edited in Photoshop with usage of Hive brand assets.
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Congratulations @seckorama! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!
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Happy Hive Power Up Day my friend and congratulations on your 11th Power Up for 2023. 1 month more and we will be ready for 2024 Badges. I hope we will all complete the 12 power-ups for 2023. Have a nice time and take care always!
Thanks for stopping by. Yes, the end of the year is near and the new badges and rewards are coming. Have a nice day, too.
I understand the benefits of Powering Up, but what are the benefits of Powering Up on Hive Power Up Day?
😎 If you read everything, you saw links to two posts, one by @traciyork and one by @hivebuzz. HPUD is a kind of contest and you can get rewards in HIVE Power delegation and more.
Ah! Okay. Thanks.
Thanks for explaining the power up concept to us including the newbies
I have also powered up today and I'm glad about that
You're welcome and congrats to your HPUD :)
This is great to understand more in-depth how the hive power concept works
Thank you so much for sharing
You're welcome. And yes, that's important to know how this works, it's the basics of Hive blockchain.
Congratulations @seckorama! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts: