HIVE Power Up Day - August 2022

HIVE Power Up Day - August 2022

By Hephaistos | Hephaistos | 1 Aug 2022


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I took the photo from hive.io community and rearranged it.

Hi Friends

First of all, I would like to thank @hivebuzz@traciyork and those who made a very meaningful and useful event for us as well as the HIVE Community. I participated in the HIVE Power Up Day for the first time in April, 2022. Today, I have participated in this event for the fifth time, which is held on the first day of every month, by increasing 10 HP. I hope it will be much more when I have reached a certain HIVE Power. I already use HIVE tokens I have received since the day I joined HIVE to increase my HIVE Power.

Here is the proof of my powering up 10 HIVE:

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PEAKD

As said, I already power up all the HIVE I receive from curation and author rewards once a week. Except that, I get %20 annual interest payout by transferring HBD, I receive together with HIVE, into my savings account in my wallet. As I mentioned in the previous post I shared today, I achieved my first goal on HIVE, 1000 HP milestones, in July. My second goal is to reach 1250 HP. I can say that I have progressed a lot for my next goal in a short time. Even after reaching this goal, I will continue to increase my voting power. As for HBD, I plan to keep much more HBD in the savings account due to the raised interest rate to %20. I sometimes use the HBD interest payouts to increase my Hive Power. If HBD starts to be redistributed from the curation rewards pool, I might use much more HBD to increase Hive Power.

As I have stated in my previous posts, I consider HIVE as a long-term investment. I also think that HIVE Power needs to be increased up to a specific goal for a stronger account and a stronger HIVE community. This goal can be 1000 HP, 5000 HP, 10000 HP or even more. Especially new members want to immediately cash out the HIVE or HBD they earn here. I don't recommend it; however there is nothing to do if you need to spend it. I have never spend HIVE or HBD I received from HIVE blockchain for any other purpose. I think that the HIVE platform and HIVE will be very valuable in the future, and I take my steps accordingly.

May you have many days to power up even more.

Thank you for reading.

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Hephaistos
Hephaistos

Post About Mostly Cryptocurrency, Movies, Science, Photography. Blogger also on Hive, Steemit and Blurtter.

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