Celebrating LPUD and tracking My Overall Progress

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Dear Hiveans!

I hope all of you are doing well in life and staying strong in this volatile crypto market. As you are reading this post, you are already a member of the Hive community and guess you are having an incredible journey on this blockchain. For me, I have spent almost 6 years here and in this long time span, not only have I gathered a good knowledge about cryptocurrency, finance and the global economy, but I have also had the privilege of empowering myself by doing what I love. Back in 2018, I began my journey on Steemit and when Hive emerged out of steemit via a fork, I also migrated to Hive just like all of you and have enjoyed every moment on this platform ever since. Along the way, I have made some great friends across the oceans while witnessing the power of Hive, a truly decentralized Web3 blockchain rising along with awesome projects like Inleo or Splinterlands etc.

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If you compare, Hive really stands out in this wild crypto world because it prioritizes its users and community over profit. Just like me, many people started on Hive with zero investment and knowledge about crypto and now building full-time careers out of it by their hard work and commitment. Unlike other blockchain projects that focus on their own growth by abusing their own users, Hive ensures its users benefit directly rather than focusing on making quick bucks and selling scam projects. Whether you are writing blogs, engaging with other’s content, playing play-to-earn games, or engaging in valuable DeFi projects, your contributions matter. However, even in crypto, making money alone is not enough for financial stability if you can't protect and grow your wealth. I believe that strategic investing, proper planning and realistic goals are essential for long-term success on Hive or literally anywhere else. That is the reason I consistently track my financial journey on Hive and try to do better. Monitoring my progress periodically helps me make better decisions, stay motivated and grow sustainably in this decentralized ecosystem.

LPUD and Leo Power (LP) Growth

If you are a user of the Inleo project on the Hive blockchain, then you must be enjoying the LPUD event today while powering up Leo tokens and strengthening your Leo stake. For those who don't know, Leo Power (LP) is the staked version of LEO tokens, the sole currency of the Inleo platform, a decentralized Web3 social media project built on the Hive blockchain. Staking Leo increases your Leo Power (LP), enhances your Leo voting power and allows you to earn more LEO through content curation on the Inleo Platform.

LPUD

Now, on the 15th day of every month, we, the users of the Inleo platform celebrate LPUD even, which stands for LEO POWER UP DAY. On this date, most of the Inleo users stake any amount of Leo tokens according to their capacity and increase their total holding. To make the event even more exciting, there are also cool prizes like a big amount of LP Delegation for those who stake a decent amount of Leo on this date. Now just like many of you, I also try to participate in every LPUD event because it motivates and helps me to increase my Leo stake over time and if you are a new user in Hive and Inleo, I would also like to advise you all engage and participate in LPUD and grow your Leo balance as well.

My LP Progress

During the last Leo Power-Up Day (LPUD) that happened on February 15th, I staked 200 LEO, bringing my total Leo Power to 12,443 LP. Since then, I have earned a total of 205.82 LP from both my curation and author rewards. As today is 15th March and another LPUD is being celebrated, I also took part and powered up all my Leo earnings since the last LPUD, bringing my total Leo Power to 12,648.82 LP. My goal with Leo is to reach 15,000 LP one day soon to unlock the prestigious Lion status.

Hive Power (HP)

Recently after the end of the Bull cycle for Hive, I have been focusing again on increasing my Hive Power (HP). Because Hive’s price has gone down to 0.25$, we are now getting more Hive Power as author payout. If you don't know, just like Leo Power, Hive Power is the staked version of Hive tokens that stays locked in your account. Now just like LP, The more HP you hold, the stronger your voting power becomes, which means greater curation rewards and increased influence on the Hive blockchain. Now, staking Hive not only allows users to earn curation rewards by voting on other user’s blogs, threads and videos, but it also gives users governance rights, enabling them to vote for their favorite Witnesses to run Hive nodes or vote for or against DHF proposals that shape Hive’s future.

My HP Progress

Around 10 days ago, my Hive Power stood at 15,975.870 HP as I last checked. Since then, I have been engaging on this blockchain almost daily and retained all my HP earnings instead of powering down. As a result, my Hive Power has grown to 16,305.962 HP when I checked today, making a significant increase of 330.092 HP in just 1 and a half weeks.

Hive Backed Dollars (HBD)

HBD is Hive’s only native stablecoin, logarithmically pegged to the U.S. dollar and we receive half of your author rewards in the form of HBD tokens. Apart from being a stable storage of value in this Wild and Volatile Crypto world, HBD also offers an attractive flat 15% annual interest rate when locked in a savings wallet. This certainly makes HBD a great investment for generating passive income without exposing your wealth to market volatility.

My HBD Savings Progress

Ten days ago when I last checked, my total HBD balance was sitting at 8,326.925. Now, as usual, I have been continuously adding all my author earnings to savings and recently received a good amount of HBD as interest. As I checked today, my current HBD savings balance is at 8,508.817. So, I have gained a whopping 181.892 HBD in these last 10 days, which includes 108.393 HBD that I earned alone just from savings interest. With my current balance, I expect to generate around 100 HBD per month at the 15% APR.

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I hope you liked reading the post on LPUD and my recent financial growth on Hive. Let me know your thoughts regarding this topic in the comment section below and I will be seeing you all in my next post.

Posted Using INLEO