Hello Readers,

Well, if you are surprised to see so many Leofinance posts being published today on Hive blockchain about the topic LPUD but don't know what’s going on, then let me help you with that quickly. In this short post, I will talk basics of the event and about Leofinance today. But if you are an existing user of Leofinance and have been participating in LPUD events, then cheers to you and congrats on your other Leo power-up.

Now, let’s talk about #LPUD for those who are new to the hive and getting confused with so many posts talking about the same lpud things over and over and spamming the whole hive ecosystem today (including this post as well).

Leofinance is a web3 community on the Hive ecosystem that is here for more than 4 years and educating thousands of hives with financial and crypto related knowledge, topics, strategies, and whatnot. They have their front-end leofinance.io built on hive blockchain and also, they have made a handful of good products and utilities for us like a decentralized exchange in hive leodex.io, a website to watch statistics hivestats.io, a short-form social media platform LeoThreads, cross-chain bridges to connect with other chains and the list goes on. Leofinance didn't limit itself to a mere community and has been building, developing, and upgrading many things for us users over time, and no doubt, their hard work, dedication, and real-life results made them one of the most popular entities not only in hive ecosystem but beyond as well. The visionary team behind Leofinance did shake the chain back in May this year when they launched 2 major products back to back - LeoThreads (short-form content creation platform similar to Twitter) and their brand new UI which is much faster, easier-to-use and gives the user a feel like using a web2 platform, which will certainly be super friendly for new onboarding users to learn and start interacting quickly without facing any hurdles.

They have also submitted a proposal recently in DHF (Decentralised Hive Funding) to onboard around 10m new users monthly with a long-term goal of making Leothreads aka Hive a mainstream social media. From what I have realized after engaging with this community for many months now, I can say that they have the potential to perform such a task as the team is very dedicated and keep what they have promised in the past.

Now, just like most of the other communities, Leofinance has also its token on the hive blockchain and this layer 2 token is called LEO. When you post long-format blog content on Hive with the #leofinance tag or post short-form content using LeoThreads, apart from getting a free chance of earning Hive and HBD for your content, you also can earn LEO tokens, depending on how other users on this platform like and votes your contents. On the other hand, if you stake these Leo tokens, you will start earning LEO tokens as curator rewards and the more you stake, the more you will earn. Apart from earning Leo tokens, staking Leo also helps you to get recognized by other users and build an influence in the community quickly. It is just like getting a blue badge on Twitter and adding a masala of more earning opportunities on top of it.

Now talking about LPUD, stands for Leo Power up day, and this event hets celebrated on the 15th date of every month when users stake some liquid Leo tokens into their wallet, depending on how much they can afford, and share their stories or achievement by publishing posts on this day. Thou there is no minimum threshold requirement on how much you have to stake, but staking at least 150 Leo gives you a badge and also a chance to enter a Leo giveaway to win some cool prizes like Leo or Hive power delegations, etc. Not to mention that participating in LPUD and staking Leo in your wallet always makes your stake stronger over time and helps you build and earn a passive income from curator rewards while helping the Leo economy on the other hand.

So on this day of every month, Leo lovers stake some Leo depending on their investment strength and share their story with others. I am also one of them and have been participating in this awesome event for quite some time now and this time as well, I powered up 150 Leo in my wallet to celebrate LPUD. After powering up, I have exactly 9800 staked Leo in my account right now and I am thinking to reach 10k Leo power by the next LPUD event. I am very happy that I am getting so close to having a 5-digit staked Leo count in my asset pretty soon and hope to reach this milestone asap.

I hope you liked reading my post, let me know how much Leo you staked for this LPUD in the comments below and I will be seeing you all in my next post!