LEO Power Up Day: January 2023

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(Edited)

Greetings, everybody!

Today we have the LEO Power Up Day, and I am ready! I enjoyed my coffee in the morning, and I powered up 253 LEO: 200 LEO bought from the market during the past days, and 53 LEO from the earnings of the last month.

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Monthly Tracking:

monthLEO Powerstatus
start1433 LP
January1686 LPover-achieved
February1800 LPin progress
March1950 LPin progress
April2100 LPin progress
May2250 LPin progress
June2400 LPin progress
July2550 LPin progress
August2700 LPin progress
September1900 LPin progress
October3100 LPin progress
November3300 LPin progress
December3500 LPin progress

Closing words:

My goal for 2023 is to continuously add more power to my account, and close the year above 3500 LP. So far everything is on track, but we are only at the beginning of the year.

How about you?
Are you working on your goals?

Posted Using LeoFinance Beta



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9 comments
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I still have some difficulties in understanding the purpose of the Leo PuP. I have set my target to do every Hive Power-up this year.
Would you explain better me why do you think that Leo Power Up is strategic?

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(Edited)

Leo PUD and Hive PUD are actually running on the same principle: both communities are rewarded with tokens generated by an inflationary mechanism. But if all the new liquidity reach the markets, the price will drop significant. LP and HP are mechanisms to lock some of that liquidity, create scarcity on the markets, and keep the exchange rate stable. When new people are coming in, they are consuming from the liquidity, because they need power to interact with the chain. But in bearish markets there are not so much new kids on the block, so we, the veterans lock-in much more of that liquid tokens.

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Thanks! From an inflationary point of view I am 100% with you.
From an utility point of view? The Hive power up gives the chance to people to increase their weight into Hive ecosystem, delegating or curating more with more HPs.
What about Leo PuP advantages? I am trying to understand what features lead the Leo PuP.
Thanks for your explanations!

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Nice power-up. I powered a little bit more than what I needed on average so I am also doing quite well so far on my LEO goal.

Posted Using LeoFinance Beta

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Nice to see you achieving this part of the plan.

Have some !BEER for this.

Posted Using LeoFinance Beta

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