I am of the view that investing is all about making your money work for you. Most of us have to work hard to earn our money.
Then we use this money to support us by paying the bills and any money left can go towards savings for the future.
A lot of these saving instruments have an entry threshold.
If the threshold is low more people can actively participate in the investment.
LPUD is the leo power up day for us that is the leofinance.io community.
It is celebrated on the 15th of every month in the community.
Earlier the community was focused exclusively on crypto, finance and blockchains.
Now the leofinance.io is open to any hive user posting content on any topic using its frontend.
The whole idea of the LPUD is to celebrate powering up the leo token.
I feel that it is a great opportunity that new users on hive can use to grow their leo token stake.
Even if you start with zero leo tokens you can accumulate leo tokens over time.
Think of it like putting small change into a piggy bank and once a month opening the piggy bank and using the collected amount to invest in something bigger.
Powering up leo feels just like that.
One can use the hive which we earn from creating content to buy leo tokens.
A good place to check the price of the leo token is the hive engine which one can access by following the URL
One can check under the wallet section if you have enough leo tokens to be eligible for the LPUD prizes.
One can view the price of leo tokens so that we get a good price while buying the leo tokens.
Every once in a while the price of the LEO token dips giving a good opportunity to buy them at a discount.
Currently there is a 4.21% dip in the price of the LEO tokens
Buy the dip
The more LEO tokens one has powered up the higher return one gets as curation reward.
Thus these price dips are a good opportunity to buy the LEO tokens.
As we approach the LPUD that is the 15th of every month there may be a sudden demand pushing up the price of the LEO tokens.
If we keep an eye on the price movement of the LEO we can get the LEO tokens at a bargain price.
Can we use the price spikes to trade and profit from the LEO tokens?
If one is savvy enough to play the price and volume action one can make a decent amount of profit trading the LEO tokens on the various decentralized exchanges that operate on hive and let you buy and sell the leo token.
Two categories for the prizes
- The CUB attack
- LION attack
If you are wondering about the difference in these two categories then look at them as two groups based on the number of LEO one chooses to power up with.
For the CUB attack one has to Power up at least 50 $leo on the 15th and for the Lion attack Power up at least 150 $leo on the 15th.
This is a blessing for small account holders who have just started out on the hive blockchain.
Small savings are the backbone of any economy and the same holds true for the leofinance.io community as well.
If the small and big accounts collectively power up Leo, the economy would get a solid boost and the benefits would be shared by every Leo holder and staker.
The prizes one gets are in terms of the Leo power delegations.
Eligibility criteria for the LPUD prizes
here are some requirements to become eligible to win one of these prizes:
- Your total Leo Power (on the 15th) must be less than 25k.
- You must power up at least 150 Leo on September 15.
- You must not have powered down Leo since January 15.
Make a post Leo Finance about LPUD (A Thread is not enough). Posts might get a visit from!
Final thoughts
The buying of Leo tokens should not be done just before the 15th as the prices usually see a spike up.
A better strategy is to keep buying all along the month when we see the price taking a dip.
This way we can get a good price and enjoy our portfolio grow.
So keep accumulating LEO for the next LPUD.
Happy investing folks!