What is LPUD ?

"Leo Power Up Day or LPUD is celebrated by the members of the leofinance.io community.
On this day leo token holders power up their Leo."

To an outsider these may appear as mere two lines of text however for
someone who is a member of the leofinance.io community it is a ritual, a way of life.

If you wonder how important staking is in the life of a leo token holder then check these figures

The market cap of Leo is $595,008.44
It is extremely interesting to see how the numbers for leo stack up in percentage terms
Staked Leo 75.65% or 9,355,418.640
Liquidity Pool 17.78% or 2,199,281.000
Liquid supply 6.57% or 812,556.464

If these numbers do not tell you the picture then the graphic chart would.

It is a no brainer to see how the liquidity is getting reduced with each LPUD.
The first three LPUD events saw nearly 1 million Leo tokens powered up.
This number should be seen in the context of 13 million total circulation.

The last LPUD witnessed as many as 199,000 Leo tokens powered up.
What does this mean for the leo token supply ?
Every time there is a power up event the users by up the Leo tokens and lock them up.
This means even the slightest of demand can take the leo token price to the moon.

Talking of valuations there was a time the Leo token price had surpassed $1 per token and was trading above the price of Hive its underlying blockchain token.

Those were the early days for leo and today the leofinance.io is much more feature rich platform.
Since then a lot more development has happened on the platform.

The leofinance.io development team has been working relentlessly to add more features and functionality to the platform making it not just super easy to get on (on boarding) from web 2.0 (twitter, facebook etc)
Where as in the social media world is itching to move from web 2.0 to web 3.0 and leofinance.io and Hive are just the right platforms that offer all the tools needed to create a productive web 3.0 experience.

• leofinance.io is a decentralized platform. Thus your content cannot be censored or deleted it stays on the blockchain for good.
• It offers easy sign up (onboarding) process
• Easy to create content on
• Enabled tokenization for content created on the platform.

With all these features users are bound to come in large numbers and
further increase the demand for the leo tokens.

With such a growing user base crypto projects and brands are bound to make a bee line for leofinance.io and hive in a manner similar to what happened to Facebook when brands started using it.

Not to forget it has a staking platform to stake and grow your crypto, full
fledged decentralized exchange leodex.io

Thus turning into a self sustained crypto platform where you can earn

crypto, exchange it, put it in a pool to grow, lease and rent leo power, grow

your knowledge about crypto , financial systems and blockchain.

Check all you can do under leo dapps from leofinance.io home page. What else can one ask for ?
Leo Trivia: Do you know that leo threads is the twitter of the crypto world
where you can create short message format content and earn crypto in the process ?

Enough use case to buy up Leo tokens ?

With all this insight and use case one is inclined to invest ones hard earned
crypto in leo tokens.
** Well good investment! ** However before you pat yourself on the back for picking a crypto at a great discount.
(leo token at $0.05/Leo is highly undervalued) ask your self this..
Why Hodl when you can power up and grow ?
If you hold 1 BTC it remains 1 BTC no matter for how long you hold and it can hurt in a bear market.
However if you hold a BTC worth of Leo tokens you can stake them and if you wish with the returns you make you can make both your Leo and BTC grow.
Let us see this in the context of the Leo Power Up Day LPUD

Why celebrate LPUD ?

The leo power Up day is celebrated almost like independence day and why not ?
Celebrating the Leo Power Up day is celebrating the spirit of financial
freedom.

What is the connection of LPUD and financial freedom ?

Leo is a layer 2 community token of leofinance.io on the hive blockchain.
In simple terms leofinance.io is a web 3.0 platform that enables its users to create their own content, interact with other content creators give reward as up votes and earn rewards as curation.

On leofinance.io up voing of user content gets you a 50% cash back!

Yes you read it write it if you were to give a $1 worth of up vote you get a 0.50$ curation reward your self.
Though your voting power goes down a little in the process however over a period of 24 hours it gets replenished.
So using this method the more you up vote the good content the more
rewards come back to you and you can do this over and over again.

However to give more and get more in return you have to power up your leo power.
To Get More you Give More and to Give More you Power Up
This also helps to developing a network of friends and connection on the leofinance.io and hive platform.
So that as you get in the groove and rhythm of creating good content that is relevant and useful for the users you earn more upvotes and rewards.
Both these paths take you closer to becoming economically more robust.
Thus the more you get back the more you earn and thus you are closer to financial freedom.

Celebrating LPUD is super easy

Though you can power up by any amount however to make it more
rewarding there are a few mouthwatering prizes in the offering.

To take part and be eligible.

• Your total Leo Power (on the 15th) must be more than 200 and less than 20k
• You must power up at least 150 Leo on September 15.
• You must not have powered down Leo since June 15.
• Make a post about Leo Power Up Day, why are you powering up, why is it good for the platform, and talk about anything else you want to. Then share your post on Twitter using the tags #hive #leofinance, #cryptocurrency and #lpud.

Every one who does that gets a Leo Power up day badge

As per the last #LPUD prizes as reference...
Eight random users who participate and win in LPUD will get one of the next

Leo Power delegations for 3 weeks:

10k from @investing-dude
5k from @edicted
5k from @leomarkettalk & @taskmaster4450
5k from @anomadsoul
5k from @bitcoinflood
3k from @lbi-token
3k from @steemstreems & @leogrowth (1k each)
2k from @whatsup & @scaredycatguide (1k each)
There would be three winners for this prize.

Also there is even a prize for the unlucky one

"If you participate in the Leo Power Up Day initiative for four consecutive months - July, August, September, october - and you don't win any prize on any of these editions, and you made a post about #LPUD each of those months, then you qualify for the Bad Luck Prize by @onealfa, where he will delegate 60,000 LEO tokens for three weeks to on lucky winner!"

Practical steps to enter and power up

• Head to leofinance.io and login to your account
• Head to your wallet section

Click the power up button

This opens the power up section.
Enter the amount of Leo tokens that you want to power up with and click continue.
Follow the instructions and you would be need to be logged in with your active keys to complete this process.
Once done you have converted your liquid Leo to Leo power.

Why LPUD feels like getting a ticket to the crypto moon ?

Looking at how the leofinance.io platform has developed and grown in the

current bear market one finds that there are multiple price triggers which can cause the price of the leo tokens to go up multiple X times.

So buying up and powering up leo is a good opportunity to earn a
wonderful delegation as a LPUD prize and as the price of the leo tokens take off they would raise the return on investment in proportion to the amount of Leo tokens powered up.
This could be a good bear market strategy that would continue to work in both bear and bull phases of the market if done right.