Hello and Namaste Everyone
The 15th of every month is the Leo Power update for all of us and we need to power up Leo tokens on this day. It is similar to HPU D which is organized on the first of every month and on this day we are supposed to power up the hive coins. Power-up means we are adding more value to the wallet as well as to this ecosystem and also reducing the circulation supply of the token because these tokens are locked. If the majority of the people lock their token holding and convert it to power then for sure it is going to help a lot in the value appreciation. More selling is not good for the token price and its economy because if there are more sellers then obviously the value will be affected in the market.
I participate every month on LPUD and this month also I am back to share my power-up details that I have done on the day. I believe that this is a fantastic event and more people should come forward to participate because together we can surely make a difference in the token economy for Leo. Leo is one of the projects on this platform that has been doing great for a long time and even now they are building a lot to empower the Web 3 ecosystem. I am super excited to see how they are going to make it a great place by adding so many applications as well as a lot of fantastic features.
My Leo Power Up
I have done the power up on time but I could not publish the report or you can say post on the same day so here I am to share. Writing a post is necessary I believe and I do it every time but this time I couldn't do it on the same day again since I am doing it it's fine as long as I record my power-up journey on the chain. So I powered up 111 leo tokens and this is beyond my daily staking. Because I have delegated HP to the Leo account I get a reward every day and all these tokens are coming as staked. This is helping me grow my Leo Power consistently and I'm very happy that it is happening automatically and that too with a nice APR which I think is 18% as of now.
To be honest I don't understand this APR calculation much so I don't go much deeper into that but since the team has already shared that we can earn up to 18% if we are a premium member. I'm a premium member of the Leo so I believe that I must be getting 18% APR and I can see daily transactions coming into my wallet adding more tokens as my leo power.
I don't know from where I can check the exact count of my Leo power but I have taken the below snapshot from hive-engine where I can see the balance including delegation and stake. I believe that I have more than 11,000 leo power which is created and I will continue to build it more.
I follow the long-term strategy on this platform for HP and Leo Power and try to build more. For example, I power up all my Leo rewards whatever I earn through the author reward, and also buy from the market from time to time. Anyway, I'm getting the daily reward so that is where I don't need to intervene. Also, I am posting my post with a 100% power-up option so all my author rewards in terms of the hive are getting powered up automatically. All this I'm doing to grow my power on this wonderful platform and this is the best time because coins are available at a discount. Rather I would say that it is the best time to invest but if you cannot then at least try building by powering up to your author reward and it can also be a good strategy to grow your amount of power.
Thank you so much
Stay Safe
