Hello LBIers, so what is all this buzz about LEO power-up day? I've been seeing about this over the past few days and think LBI should be involved. I see that there is a 20,000 LEO delegation up to the winner of the LEO POWER UP contest. We're not interested in this but I also see that there is bonus LEO leases offered by some users and it could be an idea for LBI to offer up some LEO POWER delegation for a few weeks. LBI is a LeoFinance based project and we should support the community. We're starting to power up more LEO each week as we've started a HIVE power down so we're already adding.
From what I understand, this will be a monthly thing so we might be able to reserve 1000 LEO for this. It would be nice to try and top the bonus prizes but we can't compete with edicated and his hundreds of thousands of LEO.
This a great for LEOfinance and all as more LEO will be staked and in use, for LBI I would expect to see our curation rewards take a dip on the 3rd week of each month from now on. Sounds bad but if more LEO is staked and there are less in liquid circulation, we could also expect the price to either go up or some are at least stop going down. If LEO dropped during the 2nd of the bull market, I try not the think about how far it will drop at the peak of the coming bear market. The LEO power-up day is a great idea and the incentive of 20,000 LEO is amazing.
So to take part all you got to do is power up at least 200 LEO on the 15th of this month. Looks like they are going off PST so that's GMT -8 hours for me. Everyone who powers up 200 are more LEO will be entered into a draw to win the 20,000 LEO lease. There are also 5 other prices ranging from 1000-5000 LEO making 6 prizes in total.
You can check out the official post from here
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