Hello Hivers! 🚀 😎 🚀
Eight months of this year have passed, summer will slowly come to an end and we are moving forward into autumn.
And it's time to do something for ourselves. The best start to the month is certainly the way to go in meeting your goals.
Hive Power Up Day (HPUD), the ninth this year, is the perfect way to do it.
When you increase your Hive Power, you also increase the Power of the whole Hive blockchain social network!
Of course, you can do a power-up whenever you want, but on the first day of every month, you get certain benefits.
Read on!
There are a lot of benefits, for me, best explained by @nickyhavey in his post about more than a three years ago and it still applies:
Stronger votes on content & witnesses - although you may not see this in the first instance if you stay for a longer time and keep powering up as I have over the last 2.5 years, then you will notice the accumulative effect;
Earning more curation rewards - kinda goes with point 1 but the way it works is that if you upvote content, you will earn as well (known as curation rewards) so the more Hive Power you have, the more you can potentially earn back.
Btw: Did you know that more than $4,403,676 in curator rewards were distributed on the Hive network last year? Source.
Earning "interest" by holding/staking Hive Power - maybe you didn't know this but you will also earn HIVE passively at about 3% per year of what you currently have powered up so the more HIVE you have, the more you can earn from just holding/staking!
Earn by delegating - delegating is effectively "loaning" out your HIVE Power to others and some accounts may offer you a daily payment for doing so. If you have more to delegate, you can earn more by delegating which helps grow your balance even more!
Read my post about delegation!
When, if not now? Today is the day!
- More details about prizes, awards, and rules can be read in @traciyork post.
- You can get nice rewards and badges, read the details in @hivebuzz post.
So, there's no reason not to do the Power Up!
All my HPUDs
🚀 😎 🚀
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