created with Bing image creator
When I think about the first LPUD the prices of Leo were quite low. That was many moons ago and along the way the platform grew in features and the functionality it offered. The journey was a roller coaster one and so was the price movement of the LEO token.
Most users come to LPUD with the hope of winning a delegation and undeniably that is a great attraction that helps the winners experience what it feels like to be a LEO whale.
However a big transformation happens to your account as you start your journey as a inleo noob.
If I look back at my own Leo journey your account is small to begin with as you have little hive and leo to power up.
Back in the day and still if you make posts regularly then you earn some hive and Leo to power up on the Leo Power Up day (LPUD)
As I look at the LPUD of March of 2024 that is just a few days earlier than the listing of LEO on a DEX and the creation of the Leo Cacao pool that is going to tremendously increase the demand on the Leo token.
Even prior to the launch of the pool the demand for Leo is high as users are opting for staked Leo for their delegation of hive power (HP) to the @leo.voter account.
This totally makes sense as the rewards of earring leo from the leo.voter account go up significantly due to opting for staked leo
For comparison
Liquid leo rewards for delegation to @leo.voter account are paid out at 16% APR
By opting for staked Leo rewards option for delegation to @leo.voter account the rewards APR jumps to 20%
In addition If the user opts to be a premium member then there is a further 2% boost to the APR and the reward APR becomes 22%
This is a no brainer of a choice and most people who want to maximise the rewards opt for a staked version of the payout.
Besides this the ad revenue generated is used to buy back leo that is distributed as staked leo to those earning the evergreen rewards.
Even the premium subscription earning that are in HBD are used to buy leo and hive to be locked away in a leo swap.hive liquidity pool.
Each leo that ends up as staked leo is one leo less in circulation and is a potential trigger to take the price of leo tokens up.
As a leo holder this is good news however if you are new user then you may realize that buying 150 Leo tokens would have cost to $7.5 when the price of Leo token was at $0.05
Now with Leo at $0.1 cents buying 150 leo would cost $15
New and and small account holders should not lose hope.
In the present times users have so many different opportunities to earn the LEO they need to power up on the 15th (LPUD)
Making threads is one of the easiest ways to earn some leo tokens. There are plenty of initiatives on threads and if you are active on threads then you can earn quite a few Leo tokens by being active here.
From time to time there are contests for users on threads and they can be quite rewarding.
Use the monthly writing prompt calendar to write posts related to the prompt of the day. Here is a link to the post with details of the prompts.
Final thoughts
The price appreciation of Leo is good for your portfolio however this should not be a deterrent for not powering up on the 15th that is LPUD
Make sure to be active on threads and with content creation.
Here are a few tips to get rewarded
Be original. Originality gets rewarded AI generated content does not.
Be on the lookout for contests and bug bounties
Interact with other users on threads.
Today is 15th celebrate it by powering up 50, 150 or more LEO tokens.
Stay positive and grow.