Or should I say "ROAR"? I've been a LEO staker-- and a general tribe supporter-- for quite a while, but I have yet to participate in the #LPUD craze that's been bubbling up since June.
Until now, that is! Poke a sleeping lion long enough and it's bound to wake up and eat something.
This LEO is Hungry Too.
I'm kidding. (Come closer, it's fine... I wouldn't hurt a fly.)
(CREATED USING MY LIKENESS AND BITMOJI.)
See? Look at that harmless, adorable face! I'm just here for the community cuddles.
The recent @leogrowth post gives more detail about Leo Power Up Day, including the badge you'll receive and possible prizes to be won if you qualify. Check it out RIGHT HERE... and then get your butt in gear and PARTICIPATE!
The most important single criterion is: POWER UP AT LEAST 150 LEO TOKENS.
And the LPUD Badge Is Yours!
There are other prizes as well, but they depend on you NOT powering down any LEO since the Power Up Days began on June 15th... I honestly can't remember if I have or not, so I won't stress about it.
This post is part of the rules as well-- write something relevant about your LPUD, basically-- so I'm covering all the bases I see in front of me. (I'm trying to be consistent with my content schedule anyway. It's a win. 😎)
(IMAGE C/O FAB LENTZ ON UNSPLASH.)
And that's a big part of what makes #LEO Power Up Day... well, powerful: it incentivizes users to create content and get engaged! The greater Hive community has been doing this for a much longer stretch of time with very similar results. Interest. Engagement.
And Staking, Of Course!
As you know, the term "power up" is what we call STAKING. This is a more committed way to hold tokens, locking them in for a longer period of time in return for one or more benefits. Here on Hive, we power up our tokens to increase our curation value and resource credits.
Staking makes us more powerful Hivians!
Initiatives like LPUD and #HPUD also help to decrease the liquid supply of the respective tokens. When LEO tokens are powered up, they are taken off the market. And if the supply of tokens goes DOWN, the value of each available one will go UP (if demand stays the same or increases).
It's Economics Tokenomics 101!
That's the idea anyway.
And LEO users are definitely giving it their best shot! As you can see below, I powered up my 150 tokens not long ago... so there will at least be ONE new participant this month.
I'm sure I won't be the only one either. The chatter is getting harder to miss, and LEO has long been the flagship outpost here on Hive... the beacon of light guiding newbies to our little island oasis.
And LPUD is definitely off to a great start. That ball is rolling!
Need to see the pudding? No problem... they made sure to document and SCREAM ABOUT how successful last month's LPUD was: over 330,000 LEO tokens powered up, bringing the total liquid supply down almost a whole 2%!
Power in Numbers, people.
