For those web3 users who are part of the hive blockchain may have heard about the LPUD or the Leo Power Up Initiative.
For those who do not know, this is an amazing initiative started many moons ago. Back in the days it got started as a community event for the leofinance community.
As part of the celebrations the community members would power up 150 or more Leo tokens with their accounts.
The power up done on the 15th of every month would count towards the LPUD event.
All eligible users would enter a draw to win some amazing and juicy delegation prizes.
The LPUD has come a long way from the the leofinance days
Today the LPUD is an event of inleo community which has come a long way post the leofinance rebranding.
A lot of project growth has taken place over all this time. New features got added to the front end and today the community even has its own functional and decentralized DEX called leodex.
In terms of the LPUD celebrations we see that a user can opt to power up 150 or more leo tokens as per Lion attack to be eligible for the LPUD delegation and in case a user powers up only 50 leo tokens then he or she becomes eligible for a separate set of delegation prizes called CUB delegation.
For the current LPUD for the 15th of September the sponsorship lineup looks as follows
Amount Sponsor
2k @simplifylife
3k @gadrian
5k @l337m45732
5k @tbnfl4sun
5k @forexbrokr
5k @jongolson
5k @scaredycatguide
5k @silversaver888
5k @steemstreems
5k @whatsup
5k @beststart
10k @edicted
10k @taskmaster4450
10k @niallon11
10k @anomadsoul
10k @alexvan
20k @inleo
To be eligible for these delegation prizes there are some simple yet distinct eligibility criteria. One needs to follow the below steps.
Users total Leo Power (on the 15th) must be less than 25k in his/ her account.
✔️ A user should power up a minimum of 50 LEO tokens on September 15.
✔️ The user must not have powered down his / her Leo power over the prevuous month.
✔️ A user needs to share a blog post on the InLeo frontend about LPUD. (A Thread or Short is not enough).
The growth possibility beyond the LPUD prizes
Even though the charm of winning such mega prizes may attract users to the event, over time users begin to see the benefits of how a regular participation every month increases your account and vote value on the blockchain.
Parallels can be drawn between a regular SIP and a Leo Power up day (LPUD)
A LPUD user is drawn to the LPUD event and he can power up the basic 150 or 50 leo tokens as per Lion and Cub attack however unlike a SIP which may have some binding on the user we see that LPUD is totally optional.
Besides this there is no upper limit as to how many leo tokens a user wishes to powerup.
In a SIP or systematic investment plan a user is mostly deploying funds to a mutual fund. Here mostly the amount is auto deducted from the users account and used to invest in the scheme of the users predetermined choice.
Unlike a SIP we see participants getting a lot of possible incentives to be a part of the LPUD.
Those who are aware of the SIP investment plan would see the benefits of investing via the LPUD.
The returns via the LPUD model can be very gratifying
In a SIP or systematic investment plan there is often a long lock in period and only after this period the investment gains can be utilised by the investor however a LPUD participant witnesses an increased Leo power that can be used by way of
Manual curation and getting a curation reward
Delegating to an account like leo.voter and get periodic returns
Final thoughts
Inleo offers a bouquet of services and the platform only keeps growing in value over time due to the fast paced growth and feature addition to the platform.
Thus $LEO which is the native token of inleo keeps getting more and more interesting.
Thus it makes a lot of sense to build a $LEO stash with this knowledge it totally makes sense to keep accumulating and powering up $LEO tokens.
cover image created with Microsoft image designer