HivePUD is good for us, good for the chain!

Even though I have passed the 8,000 HP mark and no longer eligible for prizes in the big event of @streetstyle's #HivePUD (Hive Power Up Day), currently being managed by @traciyork with assistance from @brittandjosie, I am still PoweringUp today!

Why?

Because it is good for my account and good for the welfare of the Hive blockchain!

The PowerUp process is where we take liquid assets (HIVE, in this case) and stake it on-chain. In very simplistic terms, it's akin to buying stock, proving that you believe in the future of the chain. In return for the stake, those who PowerUp have a greater vote-value when they upvote posts (which, in turn, earns greater Curation Rewards), have more Resource Credits (RC) with which to transact with the blockchain, and earn 'dividends' of HP awarded periodically over time.

This month, I am PoweringUp 1000 HIVE:

Here is the official post by @traciyork for the event:

I encourage everyone, who is able, to PowerUp each month! The benefits to you and to the blockchain will be well-worth the effort. Furthermore, if you participate in the official @streetstyle HivePUD event, you could win prizes in the form of delegations to your account, or tokens, making it a truly WIN-WIN situation!