Hello Hivers! 🚀 😎 🚀
Time flies, and Hive Power Up Day is here again.
The beginning of the month is always an excellent opportunity to do something for yourself and the community. One of the best things you can do on our blockchain is to increase your Hive power. When you increase your Hive power, you also contribute to the growth of the entire Hive blockchain.
And Hive Power Up Day is a great way to do that. HPUD, the 5th this year, gives you that opportunity, as it does on the first of every month.
On the first day of every month, you receive certain benefits for powering up. However, you can power up whenever you like.
Read on!
More than four years ago, @nickyhavey (kudos to him!) highlighted the numerous benefits which still hold true today:
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.
Did you know that more than $6,344,255 in curator rewards were distributed on the Hive network in 2023? Source by @geekgirl.
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!
When, if not now? Today is the day!
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?
Not!
On the @ecency website https://ecency.com/market#swap, you can easily SWAP your free (not staked) HBD for Hive! No fees!
This is a friendly reminder again:
By increasing your Hive Power, you benefit your account and strengthen the entire Hive blockchain. Yes, that's right! Your contribution is vital in powering up the network and making it more resilient for everyone.
Power up your Hive Power today. Your support can make a difference!
Thank you for your attention.
The front image is mine, created in NightCafe Creator, edited in Photoshop with the usage of Hive brand assets.
And here's something else:
There has been a lot of development in Hive core, but documentation is outdated, and updates are needed. So I invite you to support and vote for Hive devportal updates proposal by @good-karma.
Support and vote for those exceptional witnesses:
@good-karma, @liotes, @fbslo and @detlev.witness.
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