LPUD
Leo Power Up Day, my 2nd in a row and also 2nd of all time.
When I first joined I wasn't really sure what all this was about, and I don't get it fully yet. I'm getting there though.
After the July #lpud I discovered that it could have a potentially massive influence when participating in this monthly event.
It does indeed increase demand of the token and hence, potentially, increasing the price.
Of course there's a lot of factors when it comes to the value of a certain coin, but given the recent spike in usage of the LeoVerse (soon to include #lionhive) it seems to be a great way of engaging users on all of Hive to participate, if they have any $LEO in their wallet.
If they do not have $LEO, but use the UI, many then decide to go and buy some. Both of these actions will make the token value increase, and I'm very bullish when it comes to $LEO
Advantages
There are several advantages as to why you should hold $LEO and why you should participate in the #lpud event.
A few of these reason are:
- the demand will increase when you lock up some of your holdings
- increased demand lead to an increase in price
Also, when in the future the LeoVerse has grown bigger (still a fairly small community despite the massive increase in MAUs) the token will be even greater. And who of you wouldn't want to be part of the next altseason?!
I know I do!
Conclusion
What have you concluded from this article?
Will you participate in the #lpud event of August or are you waiting for the right moment?
In my opinion, the right moment is as soon as possible!
Get in!
Happy LPUD everyone!
Much love
Disclaimer
This article is not financial advice.
Only invest what you can afford to lose