Today is the third time the Cent community is having its Power Up Day. It started last May, and I failed to participate. This is the second time that I will be joining this community initiative.
In my previous post, I mentioned that reaching 100,000 $CENT Power was my goal. I achieved it easily because of delegations. As you can see in the table below, @rzc24-nftbbg delegated 50,000 plus $CENT, @kopiko-blanca with 30,000 $CENT, and @balina with 10,000 $CENT. Add to it my own $CENT Power amounting to 20,000 plus, the total would be more than 100,000. Though my primary goal in participating in #cpudday is to increase mg $HIVE Power, I think I also need to adjust my $CENT goal. I still don't know what will be the exact number. We will see as #cpudday progresses in the coming months.
Today, I increased my staking plan from 1,000 to 3,000 $CENT:
https://he.dtools.dev/tx/305659e88b09213715291d2ca0914f4416499b9e
As a result, my total $CENT Power is now close to 114,000. To track my growth, I decided to start with the table below:
| Date | Starting CENT | Ending CENT | CENT Growth | % Growth | Cumulative % Growth |
|---|---|---|---|---|---|
| 10 July 2024 | 110,740 | 113,740 | 3000 | 2.7% | 2.7% |
Importance of Powering Up
Though layer 2 tokens like $CENT are different from layer 1 tokens like $HIVE and $HBD, staking still plays a crucial role in the future of cryptocurrency. However, I am not sure how staking $CENT contributes to the security, effectiveness, and scalability of the Hive blockchain. All I know is that staking promotes decentralization by dividing power among a considerable number of users. As for participation in tribal governance, I still don't know how the details work.
Moreover, I see the benefits of powering up $CENT in terms of increased influence in the tribe. It's good to see that as you grow your $CENT power, the value of your vote also increases with it.
Furthermore, for those who do not have much time to create content, increasing your $CENT power would also give you higher returns in terms of curation rewards. As such, it is the concrete application of the concept of micro-investing giving you micro-passive income. This is what I saw based on my experience and I also think that the micro-passive income I generate can contribute to my larger goal of growing my $HIVE power.
More $HIVE and $CENT power to all members of the Cent Community!
Ngayon ang pangatlong beses na nagkaroon ng Power Up Day ang Cent community. Nagsimula ito noong Mayo, at nabigo akong sumali. Ito ang pangalawang pagkakataon na sasali ako sa community initiative na ito.
Sa aking nakaraang post, binanggit ko na 100,000 $CENT Power ang aking goal. Madali ko itong nakamit dahil sa mga delegasyon. Tulad ng makikita niyo sa talahanayan sa ibaba, nagtalaga si @rzc24-nftbbg ng 50,000 plus $CENT, @kopiko-blanca na may 30,000 $CENT, at @balina na may 10,000 $CENT. Idagdag dito ang sarili kong $CENT Power na nagkakahalaga ng 20,000 plus, ang kabuuan ay magiging higit sa 100,000. Bagama't ang aking pangunahing layunin sa paglahok sa #cpudday ay pataasin ang aking $HIVE Power, sa palagay ko kailangan ko ring i-adjust ang aking goal sa $CENT. Hindi ko pa alam kung ano ang magiging eksaktong numero. Makikita natin habang umuusad ang #cpudday sa mga darating na buwan.
Ngayon, tinaasan ko ang aking staking plan mula 1,000 hanggang 3,000 $CENT:
https://he.dtools.dev/tx/305659e88b09213715291d2ca0914f4416499b9e
Bilang resulta, ang kabuuang $CENT Power ko ay malapit na sa 114,000. Upang subaybayan ang aking paglaki, nagpasya akong magsimula ng talahanayan sa ibaba:
| Date | Starting CENT | Ending CENT | CENT Growth | % Growth | Cumulative % Growth |
|---|---|---|---|---|---|
| 10 July 2024 | 110,740 | 113,740 | 3000 | 2.7% | 2.7% |
Kahalagahan ng Powering Up
Bagama't iba ang layer 2 token tulad ng $CENT sa layer 1 token tulad ng $HIVE at $HBD, ang staking ay gumaganap pa rin ng mahalagang papel sa hinaharap ng cryptocurrency. Gayunpaman, hindi ako sigurado kung paano nakakatulong ang staking ng $CENT sa seguridad, pagiging epektibo, at scalability ng Hive blockchain. Ang alam ko lang ay ang staking ay nagtataguyod ng desentralisasyon sa pamamagitan ng distribution ng kapangyarihan sa ibang mga kasapi ng tribo o ng community. Tungkol naman sa partisipasyon sa tribal governance, hindi ko pa alam kung paano gumagana ang mga detalye.
Bukod dito, nakikita ko ang mga benepisyo ng $CENT staking sa karagdagang impluwensya sa tribo. Nakatutuwang makita na habang lumalaki ang iyong $CENT power, tumataas din ang halaga ng iyong boto.
Higit pa rito, para sa mga walang gaanong oras na gumawa ng content, ang pagpapataas ng iyong $CENT power ay magbibigay din sa iyo ng mas mataas na kita sa curation reward. Ito ang konkretong aplikasyon ng konsepto ng micro-investing na nagbibigay sa iyo ng micro-passive income. Ito ang nakita ko base sa aking karanasan at iniisip ko rin na ang micro-passive income na aking nabubuo ay maaaring mag-ambag sa aking mas malaking layunin na mapalago ang aking $HIVE power (HP).
Higit pang $HIVE at $CENT Power sa lahat ng miyembro ng Cent Community!