One of the biggest words that has sharpened my understanding in life, especially when it comes to investment, says, "The best way to measure your investing success is not whether you're beating the market but whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go”.
One of the biggest initiatives here in the Leofinance community is the leo power up day. For those that are very familiar, they understand what this is all about, but for those who are just joining the community or those who will be participating for the very first time come July 15th, it's significant that more explanation is given to help them get prepared as well.
There has been a lot of content in the community talking about the importance of this initiative; as it's definitely one of the most talked about initiative on Leofinance, with many individuals coming out to give their opinions on its Importance and how influential it has been to their growth system in the community.
What's Leo Power Up Day
This is a day designed as a general day for Leofinance community members to stake leo token every month. This initiative happens every 15th of the month with plenty of interesting rewards that comes in delegation attached to it.
It's been more than a year now since its introduction, and it has indeed helped many individuals grow their Leo power in the community.
The Leofinance community has indeed been putting its users' interests first since this initiative was introduced; from 200 minimum leo to stake at its early stage, it was reduced down to 150 just to enable more individuals to participate, but now the biggest news is here: LPUD Revamped
If you missed the recent announcement by @leogrowth regarding the new development in this month's #lpud, here is the link.
@leogrowth/lpud-gets-revamped-big-change-and-250k-leo-in-delegations
The Revamped
July Leo Power Up Day is definitely going to be different, and for me, I sincerely see this as one of the community plans to give every user the avenue to be part of the Leofinance reborn. Now, users can stake as little as 50 leo token in this month lpud, also there is a whopping sum of 250k Leo set aside to be given out to as delegation to each category as listed by @leogrowth in his announcement.
CUB attack: Power up at least 50 leo on the 15th
Lion attack: Power up at least 150 leo on the 15th.
It's significant to know that this initiative was designed to help groom upcoming loin's in the community, as staking is for everyone, but delegation rewards are meant for users who have below 25k Leo power in the community.
Revamping the lpud is absolutely a superb idea has there is no reason why user's should miss out from the initiative. Winning leo delegation for the next three weeks is absolutely another avenue to be fully active in the community, as that will give one the opportunity to act as a curator and also earn via during such process
The Benefits of #lpud Revamping
Revamping lpud comes with a lot of benefits.A brief look at some benefits foreseen
(1) Easy participation in the #lpud
One of the biggest things the community is undoubtedly looking forward to right now is a massive turnout come July 15th. Reforming the initiative and giving users the avenue to stake as little as 50 leo token should make more users to get prepared and stake at least 50 leo token.
(2) Improve the user's staking habit
I'm always of the opinion that no amount of $LEO token is too small to stake, especially after doing some mathematics on what users can get to achieve by constantly taking part In lpud on a monthly basis. Even if you're unable to stake randomly, staking as low as 50 leo token on a monthly basis or 150 is certainly a progress on its own.
50 Leo tokens x 12 months = 600 Leo token
150 Leo tokens x 12 months = 1,800 Leo token
Regardless of how little it might look, doing this consistently will automatically increase users' leo power in the community.
(3) There are plenty of delegations to be won.
It's not all about revamping the amount of Leo token to be staked alone; prizes attached to the initiative have also been increased. With 250k Leo token delegations to be shared, winning any of these delegations will enable users to earn via upvoting other contents and activities in the community.
Participating in #lpud is becoming more popular, as users' chances of winning delegations has being revamped also.
(4) Increase in Leo token Market value
Recently, there has been a slight increase in the market value of Leo token compared to what's was before, despite the recent price volatility. $LEO token is doing so well in the market. An increase in the number of Leo investors will definitely help push its market price up.
Leo tokens currently hover around 8c.
Conclusion
Revamping #lpud is certainly the easiest way to take part in this month #lpud, with exciting delegations to be won.
Oh, Ye Lions, Time to Stake Abundantly is undoubtedly around the corner(15th of July).