Date: 01/01/2024 - Upvotes : 102 - Words : 638
1st HPUD This Year!
Hello Hivers! 🚀 😎 🚀
After four days of dormancy due to illness and the holidays, I finally got around to posting. One very active year is behind us and it's time to look forward again because I believe this year will be fascinating too.
First of all, I wish you all every success, the realization of your planned goals, and health, happiness, and love in this year.
The start of the month and the New Year 2024 is a good reason (or excuse) to do something for yourself and your community. Increasing your Hive Power is one of the best things you can do.
And Hive Power Up Day is a great way to do just that. HPUD, the 1st this year, gives you that opportunity, as it does on the first of every month. When you increase your Hive power, you also increase the power of the entire Hive blockchain!
Of course, you can Power Up whenever you want, but on the first day of each month, you will receive certain benefits.
There are a lot of benefits, for me best explained by @nickyhavey in his post about more than a four years ago and it still applies:
Stronger votes on content & witnesses - 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 2.5 years, then you will notice the accumulative effect;
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.
Btw-UPDATED: Did you know that more than $3,779,420 in curator rewards were distributed on the Hive network in 2023? Source.
Earning "interest" by holding/staking Hive Power - maybe you didn't know this but you will also earn HIVE passively at about 3% per year of what you currently have powered up so the more HIVE you have, the more you can earn from just holding/staking!
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 can be read in @traciyork post.
- You can get nice rewards and badges, read the details in @hivebuzz post.
So, there's no reason not to do the Power Up!
How to do Power Up?
It's still quite simple in all Hive blockchain front-ends. You need to go to your Wallet >> Power Up, put the amount you want, and confirm the transaction via authorization services aka 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?
On @ecency web site https://ecency.com/market#swap you can easily SWAP your free (not staked) HBD for Hive! No fees!
Remember, again: When you increase your Hive Power, you also increase the Power of the whole Hive blockchain!