Today the 15th is #lupd one year anticipated anniversary and my second month of participation.
The last month LUPD clashed with the course of the Zealy campaign, which had the Leofinance community recording about one million powered up tokens and we can see and reap the rewards in the consistent growth of the token price.
However for this month, today in particular the milestone is set at getting 200 users to power up at least 150 Leo tokens each. I believe this is an achievable feat as the current record is 195, so we should blow this record out of the water in no time.
Also there are some incentives for partaking in this monthly ritual
Check out the requirement to become eligible to win one of these prizes:
Your total Leo Power (on the 15th) must be less than 25k.
You must power up at least 150 Leo on June 15.
You must not have powered down Leo since January 15.
Make a post or a #thread on Leo Finance about LPUD. If you make a post perhaps you'll get a visit from @leo.voter!
For the goody two shoes that require no incentives but can power/stake Leo for the sake of:
Supporting the Ecosystem: power ups can also be seen as a way to support the ecosystem and leofinance projects built on the hive blockchain. By staking tokens, this demonstrate my belief in the network and contribute to its overall health and growth. This, in turn, can attract more users, developers, and investors to the ecosystem, creating a positive cycle of growth.
Voting Rights: Power ups allow token holders who stake their tokens to participate in the decision-making process for governance matters. Staking tokens often grants individuals voting rights proportional to the number of tokens staked. This enables stakeholders to have a say in the future direction and development of the blockchain network.
Long-Term Investment: powering up involves locking up tokens for a specified period of time. . By staking tokens, individuals commit to holding them for a certain duration, which can discourage short-term speculation and promote a long-term investment mindset
Earning Rewards: By staking their tokens, individuals can earn additional tokens as rewards. These rewards are typically distributed to stakers in proportion to the amount of tokens they have staked and the duration of their stake. Staking can provide a way to earn a passive income from leofinance holdings
Don't forget we have Power Up Badges
Thanks to @hivebuzz, we have our very own LPUD Badges.
If you want to earn yours, make sure you power up at least 150 $LEO$0.080 on June 15th UTC <- the time zone is important!
SUPER BAD LUCK
What if I have bad luck?? I don't get to win draws and all, don't worry there is a plan for you. Bet that got your attention too, the bar to qualify is surprisingly low
You got to power-up in current LPUD at least 150 LEO
You have not made power-down's in the last 3 month
You have made (in last 30 days) at least one root-level, LPUD minded post (no size limit)
You have not won any past LPUD delegation in the last 3 month
Read the post here
MY PART
I am currently staking 160 Leo tokens for this month #lupd.
And that's a wrap, who's up some record breaking. see y'all next month!!!