What is Steem Power-up Day (SPUD)?

Source

The SPUD movement aims to support the price of steem by encouraging every steemian to power-up rather than selling steem which contributes to its downward price movement.

If every steemian would hold steem we can create a scarcity which in effect will make steem valuable. That is the point of the movement which was initiated by Hive account@streetstyle a few months ago and now is being done regularly at the 1st of every month.

What Do We Do On September 1st?

• We power-up steem on the September 1st.
• If we have sell orders of steem in the exchanges we cancel it on September 1st.

Source

There is actually a contest and here's how to join

Important to note:

Source

So there will be prizes that awaits the lucky winners, power delegations by Hive account@xpilar, Hive account@sultamn-ach, Hive account@hingsten, Hive account@reflektor, streetyle and others and some steem too for the winners who would qualify and if you like and interested you can join which is really a win-win for you and the community as a whole.

You can read more about it HERE from the post of Hive account@streetstyle