My third HPUD - 1st of October edition

Today we've got a different kind of post from the usual and there is a significant reason behind it. It's the 1st of October and when a new month comes there is a challenge here on the platform to Power up some Hive. I believe that it's a great initiative and a very clever way to help the platform and Hive in times like this when all crypto is down. Also, I believe that it truly shows dedication and the power of the amazing community that exists here. I highly recommend learning more about this event from @traciyork's post and even participate by writing your own article! As you would see in traciyork's post, there are many rewards from various communities and individual people that support this cause. Just to give you a taste I would say th at the first place would earn 900 HP delegation in summary and 1 HBI! If you are not planning on staking so much Hive don't worry because there are plenty more rewards that are going to spread randomly among the participants! So may the luck be with you!

The benefits from Powering Up

So if you are a new guy on the platform, you are probably going to have some questions about why should anyone Power up and don't cash out instantly. I will try to explain to you the reason I am powering up and I would also try to explain to you some benefits of having a high amount of Hive Power.

1. Curation Rewards: I mean the first thing that will be caught up with your attention is the upvote button on this platform. The logic behind this mechanism is pretty simple, the higher the amount of your HP the higher the rewards you get from curation rewards. Also, the price of Hive impacts the value of your tokens that are staked so when the price goes up so do your rewards!

2. APR interest: As you can see from the picture above you can see that there is an APR for staking your Hive at 2.864%. Also, keep in mind that this value is subject to blockchain variance!

3. Delegation Rewards: One of the most useful and revolutionary things in the platform from my point of view because you can loan an amount of money to a desirable account and there are some accounts like @ecency, @ocd, @curangel, etc which gives you back delegation rewards as an exchange for your Hive! The best part is that the money never leaves your wallet and you can cancel your delegation at any time! In simple words, your money works for you while you are watching movies and living your life 😂

4. You can impact the whole Hive platform: That's a fact, you impact the way the Hive works now and will in the future by Powering Up. This comes from the fact that the bigger the HP you got the bigger the value of the vote you give to the witnesses. As a user, You can vote for a maximum of 30 witnesses. So choose wisely!