Leo Power Up Day is an event that takes place within the LeoFinance community. LeoFinance as we all know is a blockchain-based platform that focuses on finance, cryptocurrency, and investing.
Power Up Day in layman's terms is an initiative aimed at encouraging participants to power up their Leo tokens, which means converting their liquid tokens into staked tokens.
When users stake their Leo tokens, it means they are locking them in a wallet for a specific period, typically to support the network's governance and earn rewards. Powering up tokens on Power Up Day helps to increase the overall stake and strengthens the LeoFinance ecosystem.
Overall, Leo Power Up Day aims to strengthen the LeoFinance community, enhance governance, and encourage long-term participation. It provides benefits such as increased voting power, higher rewards, community engagement, price stability, and a sense of investment in the platform's success.
The traditional Leo Power Up Day is always on the 15th of every month. It's no longer news that the previous Leo Power up day was the most successful Leo Power up day in which more than half a million $LEO were staked.
Taking part in Leo Power up day is actually an easy thing to do . Of course there are basic requirements needed to be fulfilled.
-You must at least power up at least 150 $LEO on Leo Power Up day.
-Also to participate, it is necessary your staking amount should be less than 25,000 LEO on 15th of June which is tomorrow of course.
- No Power down from 15 Jan 2023.
To earn it will be much advisable if one can also share a post about Leo Power Up day. Perhaps if you are luckymay visit your post and give you a decent upvote.
For me I'm definitely going to power up my Leo . To do that I had to buy Leo with my Hive to participate in tomorrow's Leo power up day. So what did I do ? Initially
I had a balance of $7 Leo, so I need about $143 Leo more to make me qualify for the power up day .
At this juncture, I had liquid Hive at my disposal, 12hbd to be precise which was just enough to purchase the extra $143 Leo I needed .
I first of all converted 11.700 Hbd to 39.605 Hive which I then used to buy Leo through via honey-swap . Still it wasn't up to 150 $LEO token . So I needed to add 1.28 Hbd which was approximately 4.330 Hive.
With 4.330 Hive I was able to get the remaining Leo token I needed to complete my set target via hive-swap again .
Now that I have 150 $LEO token in my balance I can actively participate in tomorrow's Leo power up day. I endeavor individuals with at least 150 $LEO in their balance to please power up as it's always going to be a win - win situation for all ..