LPUD (Leo Power Up Day) is now a thing on Hive. Good to see some of the prominent Hive users talking of LPUD recently. Kudos to team LeoFinance for making this possible and believing in themselves because who would have thought LPUD could get this much of an attention among the Hive community.
LPUD still needs a mass participation from Hive users. Because to me, LeoFinance is a prime community on Hive which has it's own Leo Token and other projects among which I believe the one which could turn the tables for the platform is LeoThreads, the Twitter type web3 microblogging platform on Hive.
For users who haven't yet heard of LPUD or don't know what LPUD is, it is the day when Hive users power up their Leo Tokens which happens on 15th of every month and are rewarded with Leo Power delegations being chosen randomly from the participants. The minimum Leo to power up is 150.
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Earning one of those delegations could have a compounding effect on our curation rewards. This is why to me, it is worth trying.
How am I Preparing?
Showing up Daily
Pretty simple. Just showing up at least once in a day try to post from LeoFinance frontend. Sometimes I do post twice a day in a hope to earn some extra Hive as well Leo.
So far, I am accumulating whatever Leo I earn waiting for the LPUD to participate. Who knows if I could get a chance of winning one of the delegations and get some boost in my curation earnings.
Yes, it's good for the platform to have more users power up their Leo. The more people stake Leo in their wallets, the better it is for the platform and us as well.
Having a good amount of Leo Power means good curation rewards. This is why I would be glad to have more Leo Power in my wallet.
LeoThreads
I do try to promote my posts on LeoThreads which makes me eligible to receive upvotes.
And I do sometimes receive upvotes but if you are someone who like to shares your thoughts and other stuff on LeoThreads randomly, you could get random upvotes on your threads.
Buying Leo
As we are in a bear market with most of the cryptos struggling with it's low prices, same is Leo. Leo is now trading at around 0.034 USD meaning that it could be a good chance to bag some good quantity of Leo and wait until the bears are over. No problem you could still earn on your Leo Power with curation.
Who knows if the prices of Leo recover and we could make a good profit of the purchase.
What about you? How are you preparing for the next LPUD?
Note: This is not a financial advice. These are simply my thoughts.
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