Hello Hivers! π π π
I repeat myself on the first of every month, but the importance of this routine needs to be mentioned regularly, especially to newer or, let's say, less experienced users.
I'm going to increase my Hive Power because it's one of the best things you can do on our blockchain. By doing so, you're growing, and the entire Hive Blockchain grows. So, I convert all liquid Hive into Hive Power.
For the 2nd time this year, 59th in a row, the first day of the month has always been the day for HPUD, at least for me.
Hive Power is a significant element of growth.
In fact, it's pretty simple - the more Hive Power you have, the more influence you have!
To continue, Hive Power Up Day is a great way to power up. HPUD gives you that opportunity, as it does on the first of every month.
You receive certain benefits for powering up on the first day of every month, but you can power up whenever you like.
Read on!
More than five years ago, @nickyhavey (kudos to him!) highlighted the numerous benefits which still hold today:
Stronger votes on content, witnesses, and proposals - although you may not see this in the first instance if you stay for a longer time and keep powering up as I have over the last few years, then you will notice the accumulative effect;
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Earning more curation rewards - kinda goes with point 1, but the way it works is that if you upvote content, you will earn as well (known as curation rewards), so the more Hive Power you have, the more you can potentially earn back.
Did you know that $2,159,343 in curator rewards were distributed on the Hive network in 2024? Source by @geekgirl.
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Earning "interest" by holding/staking Hive Power - maybe you didn't know this but you will also earn HIVE passively at about 3.5% per year of what you currently have powered up so the more HIVE you have, the more you can earn from just holding/staking!
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Earn by delegating - delegating is effectively "loaning" out your HIVE Power to others and some accounts may offer you a daily payment for doing so. If you have more to delegate, you can earn more by delegating which helps grow your balance even more!
When, if not now? Today is the day!
More details about prizes, awards, and rules are available in @hivebuzz post.
So, there's no reason not to do the Power Up!
...but...but...
How to do Power Up?
It's still relatively simple in all Hive blockchain front-ends.
You need to go to your Wallet >> Power Up, enter the amount you want, and confirm the transaction via authorization services, such as Keychain or HiveSigner.
btw: More detailed explanation How To Power Up In Ecency
Looks good, but I don't have any Hive for HPUD!
Do I need to buy Hive on Binance or somewhere else?
Not!
On the @ecency website https://ecency.com/market#swap, you can easily SWAP your free (not staked) HBD for Hive! No fees!
This is a friendly reminder again:
Increasing your Hive Power benefits your account and strengthens the entire Hive blockchain. Yes, that's right! Your contribution is vital in powering up the network and making it more resilient for everyone.
Power up your Hive Power today. Your support can make a difference!
Thank you for your attention.
The front image is mine, created by QwenLM and edited in Photoshop using Hive brand assets.
Support and vote for those exceptional witnesses:
@good-karma, @liotes, @fbslo and @detlev.witness.
I appreciate any help you can provide.
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