Today being the 15th August, 2023 is an epoch event on Leofinance which is called Leo Powered Up Day shortened as "LPUD", a designated day where staking of leo token are rewarded and appreciated.
MY INVOLVEMENT ON THE EVENT.
As shown above, I have staked "204.8" Leo as a long term investment plan on the ecosystem to improve its sustainability and stability. Take a look at my wallet before and after the exercise below.
After the exercise.
This event offer a great opportunity for staking of leo token with the promise of winning of prizes and delegation which increase the stake weight to promote the curation rewards and other benefits.
IMPORTANCE OF LEO POWER UP EXERCISE.
With this vital exercise, the user which participated with some leo token staked believed with the vision and mission of the Leofinance as headed by the @leogrowth team. Participant locked up their token which serve as collateral proving that the network to be credible to be invested upon and ensure their activities for the network growth and stability.
Involvement and participating on this epoch exercise improve the security and integrity of the network as the participant commit their fund as investment for long term purposes. Participants are not speculative but abide with the objective of the network. Also, it play a crucial role on the supply and demand dynamic of the leo token on the market space. Over a million of leo token have been staked since this exercise which have deflate its circulating supply coupled with decreasing printing of new tokens thereby improving its tokenomic and value of the token.