Leo Power Up Day (LPUD) - Why it helps to the long term health of LeoFinance
Leo Power Up Day (LPUD)
We're about Seven days to June 15, 2022 which would mark the first edition of LEO Power Up Day (LPUD) in the @LeoFinance community of Hive blockchain. This would make history in the LeoFinance especially with the mouthwatering prices that are attached to LPUD.
Powering Up LEO token converts your LEO from it's liquid form limited by just the price to a state where it is powerful enough to reproduce itself in tiny fractions when we upvote #leofinance contents. This therefore helps to increase the quantity of our LEO while also helping other users to own them.
While we await the dawn of June 15, it is pertinent to know how much our LPUD activities would impact the health of LeoFinance.
Why LPUD helps to the long term health of LeoFinance
Thank you @Leogrowth for helping us engage the LPUD theme in a way that would inspire and motivate other Hive users to join us. LPUD is not just a campaign trend to follow. There are several benefits and this post seeks to highlight a few as it benefits the participants as well as the LeoFinance community at large.
1. Your LEO Power, Your Influence
Powering up Hive-engine tokens became a norm for me since November 2019 when I started building my SPORTS stake and started giving our huge upvotes to other content creators. I could remember the joy I had in other expressing my influence in the reward pool.
Participating in LPUD stages the participants to grow his influence in the LeoFinance ecosystem. Truly, the more influence we exert by virtue of our LEO Power, the more we can influence governance and developments in the LeoVerse. Moreover, we your increasing LEO Power gives you more control of the reward pool for contents created in the LeoFinance community.
The more the stakeholders are in the LEO economy, the better the price of LEO token would go on the long run. This is because as a stakeholder, we spread value rather than hoard it awaiting a price bull to dump.
2. Your LEO Power, Your Future Profit - 10x, 100x, 1000x...
Weeks ago, I shared thoughts on how staking 10,000 LEO today may boost the value from the present $900 to $10,980.
My analysis has it that investing $900 in LEO staking/curation may yield $10,980 in the next 12 months. That sounds unbelievable right? May be or maybe not. It could be worth less and even more than my projection due to the volatility of crypto.
The above can only happen because the staked token is put to curation work that brings profit. With about 23% APY, curation with the LEO token is way a better option to hold crypto today. LEO is going 10x, 100x, 1000x in value in the future. Only staking would prevent one from being distracted while HODLing LEO into the future.
I know many are drawn to where profits are rising to 100% APY and more but they fail to secure their assets because they do not own the keys. LeoFinance built on Hive blockchain, gives the user full control of his key and hence, fully responsible for the safety of his assets.
Our keys, our Crypto!
Staking your LEO, positions you for the future value of the LEO asset which can only get better due to the increasing utility of the LEO token. From being a blogging reward token, LEO has moved further to be a valuable asset in the DeFi world with CubFinance and PolyCUB in the scene. The utility of LEO can only go forward as we anticipate ecommerce, NFTs and gaming applications in the future.
3. More Users Coming to LeoFinance
Higher rewards has a way of marketing a social community and attracting new users to onboard. As we power up more LEO and give more reward to LeoFinance contents, it would only help to make the LeoFinance community attractive to more new users.
With the LeoAds mechanics, more users joining the LeoFinance community means higher returns to LEO stakeholders due to increased staking rewards. Hopefully, the successful execution of LPUD #1 will help increase the MAU of Leofinance.io and that would likely add more units to the LEO staking APY.
Weighing the benefits of staking LEO outweighs the FUD of losing out of profits from sudden price jumps.
What is LeoFinance?
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Join Hive Here and start a new work!
What is Hive?
Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source
About me...
I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree program due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.
I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
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