What is LPUD?
The first week of the month is already over and most inleo community members are already looking forward to the 15th.
15th is LPUD
15th of every month happens to be the leo power up day. On this day the leo tokens are powered up by the community members.
Initially it may seem a ritual practiced by inleo community however on closer inspection it is a scientific method of investing.
The LPUD or the leo power up day is inspired by the Dollar Cost averaging strategy.
In the Dollar cost Averaging (DCA) strategy In this method a user can choose any fixed amount to invest at fixed intervals.
This is along term strategy and gives returns over a long period of time.
LPUD is DCA with a twist
The Leo power up day strategy has an additional incentive of winning a handsome leo power delegation from a large pool of prizes.
A user is required to power up at least 50 or 150 plus leo tokens. By doing this power up a user becomes eligible to win delegation prizes from these respective prize pools.
The 50 and 150 plus delegation.
The bad luck prize is the most sought after prize
The bad luck prize by @onealfa is the biggest prize and most users keep hoping for winning this massive delegation.
If we analyze the idea of LPUD then it has a lot of similarities with the dollar cost averaging DCA investment strategy.
However what makes inleo’s LPUD more appealing is the fact that while in DCA the goal is to big a big corpus of the selected coin which would give profits when the selected crypto asset is sold for profit.
However in LPUD the powering up or staking of leo tokens is done in your own account.
This powering up creates an instant increased leo power in the users account.
This leo power gives a user greater curation rewards by curating authored content.
Since the LOUD prize eligibility only suggests a minimum amount of power up to be done so the user is free to power up more leo tokens than the minimum threshold.
The curation rewards begin to flow back into the user’s account and begin to strengthen the portfolio of the user's account.
This is a great incentive for every user not matter how small or big. The rewards you get for curation helps a user experience first hand how the reward system works for the layer 2 tokens on the hive blockchain.
A user can map his own trajectory of growth
Since the curation rewards are directly proportional to the leo power you own so a user can set the leo power goals he wishes to receive in six months to a year.
Once the goals are set each LPUD can be used as a positive nudge to move closer to these goals.
Final thoughts
The higher the leo power you have the greater are your curation rewards. Not only that it increases your opportunities within the community.
Therefore a user should aim to keep stacking up more and more leo power.
No matter how big a leo power goal you have LPD helps you achieve it by letting you set smaller and tangible monthly goals which are more achievable.
15th is fast approaching and so is LPUD so make sure that you power up your leo tokens and go closer to your yearly leo power goals.
Posted Using InLeo Alpha
Pretty interesting how LPUD combines investment strategy with community engagement. Setting monthly goals with curation rewards makes it practical and rewarding. This is very good for the platform indeed
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i have really enjoyed the LPUD activities. I may not be participating this time and I am not happy about it. Nevertheless, am looking forward to ways to double up the next coming round. Cheers to LPUD