It felt that the second Leo Power Up Day was taking long to come so 4 days ago, I powered up the liquid LEO that I had which were meant to be for the 15th. But no regrets there, I sent them to work earlier :)
And so I started buying LEO again in preparation for the #LPUD event which is just 3 days away (15th July PST). It isn't even a question whether I will participate or not. It's an automatic thing to do every 15th of the month just like how it is for the HPUD every first or the PUM every single day.
For those who are not yet aware, LEO is a layer 2 token on the Hive Blockchain and used as a reward token in the LeoFinance ecosystem which is one of the buzzing front-ends in Hive. There are also other places (like DeFi) where LEO can be invested into but that will be for another day's topic.
Why the need to Stake LEO?
I believe in the ecosystem and the developments that are happening behind the scenes. Staking LEO is my way of supporting the projects.
And just like HIVE being staked for Hive Power, LEO works the same way. Staking LEO gives you "LEOPower" (LP) which increases your influence in the LeoFinance community. Having more of it means more share in the curation rewards pool when curating or upvoting contents (or comments).
While doing so, we also contribute to the growth of the community. The ecosystem grows and everyone benefits, including us.
The LeoFinance keeps building and there are current developments that accordingly will benefit LEO token holders. ProjectBlank, LeoLegends (NFTs) and others that may come.
Why participate in the Leo Power Up Day?
While we BUIDL and grow our influence and support the ecosystem, we also get chances to win one of the following LPUD rewards:
One of 3 massive Leo Power delegations of 20k each for 3 weeks which will help us stack up more LEO during that period.
The "Bad Luck" delegation from Onealfa amounting to 60k LeoPower when we satisfy his certain requirements.
Any of the following delegation from LEO whales:
And a chance to win one of 2 Hive Fest Event tickets + accommodation in Amsterdam. Certain conditions apply so check more info HERE.
Basic requirements to qualify for the #LPUD rewards:
Power Up at least 200 LEO on July 15th (PST)
Total Leo Power (LP) on that day must be over 200 and less than 20k.
No Power Down since June 15, 2022.
Make a post about Leo Power Up Day, share why you are powering up, how good it is for the ecosystem, add anything you want and use the tag #lpud and then share your post on Twitter using the hashtags #hive #leofinance #cryptocurrency and #lpud.
Check more details about the Second Leo Power Up Day HERE.
Wait, how can we get LEO tokens?
- Buying from LeoDex;
- Creating good contents in the LeoFinance community for a chance to be upvoted by LEO whales and curators (we earn rewards);
- Engaging in the community and have the chance to earn rewards when our comments get upvoted;
- By delegating Hive Power (HP) to @leo.voter and others;
- And consequently, after Powering Up, we can get Curation Rewards when we curate (upvote) LeoFinance contents.
Staking LEO is a long-term investment for me that I will keep adding to for as long as I can and one fun way of doing it is participating in the Power Up Days every 15th of the month. It is always good and motivating to see the numbers grow. So how about you, are you ready for it?
Have any questions? Fire them away below in the comment section :)
Photos/screen captures were obtained within the LeoFinance interface. Lion cub on the lead image by Pixabay on Pexels, edited on pc. No copyright infringement intended. 120722/12:00ph Posted Using LeoFinance Beta
