I'm rising to the @leogrowth challenge to post about 'Leo Power Up day and why it helps to the long term health of the Leo Finance.'.
I genuinely believe that LPUD will be a massive help. As soon as I saw the initial posts coming out about it, I knew it was important, and that I had to be involved.
From an individual perspective:
- It sets a steady monthly target that you have to aim for which is good for long term crypto accumulation,
- For new and growing Hivers it may be a bit of a challenge, but if you can manage it, it will soon pay dividends (literally) within a few months - 200 LEO staked earns around 4.5 LEO a month - 12 months of adding 200, and you'll soon be bringing in 54 LEO a month passively from that alone,
- Growing your LEO stake will also increase your #leofinance curation rewards,
- Simply put, its going to put you on a regular path that will build up your LEO stack fairly quickly, which will bring in nice passive rewards - whats not to like. And I know this already works, as I have been engaging in HPUD - and my HP and curation payouts has benefited massively as a result,
- And if you land one of the larger prizes from LPUD - then its really going to propel your LEO. A 20K LEO delegation would make a massive impact - think of the curation and staking rewards from that !
[symbiotic chairs on an Island in Plockton Bay on the West Coast of Scotland, which you can walk out to at low tide - I took this pic around 6 or 7 years ago, and it seems very apt for this post]
From a LEO finance perspective:
- It will increase individual's personal stake in Leo Finance - they will have skin in the Leo Finance game, and feel personally vested to make sure it does well - that will drive further engagement on all aspects of Leofinance - and engagement means life,
- LPUD will create a buzz on the run up to the 15th of each month, and after during prize awards - which is great from a community aspect,
- Like HPUD, I'm sure more prizes and awards will be put on offer over time, further enticing other Hivers to the Leo world,
- As news spreads of LPUD and the prizes - it will also likely entice non-Hivers to both Hive and Leofinance,
- And with LEO being accumulated and staked each month, it will provide a solid base upon which the LEO price can build.
Just like the two chairs in the picture - both perspectives support each other. The better Leofinance does, the more beneficial for individual stakers. The more individual stakers, the better for Leofinance.
[Not as apt as the chairs - but it will do. Taken on a visit to Edinburgh Castle a few years back if my memory serves me]
In Summary:
- Whats not to like - individuals will do well, Leofinance will do well, and we'll all end up with stacks of LEO at higher prices. Who's in ? Me for sure. Can you afford not to be ?
I'll be there on the 15th, and I hope to see you too !
All the best @hoosie