Hello and Namaste Everyone
It is a fantastic day for all of us at Inleo because today we will power up Leo tokens. Leo is an available token of this platform. This is a layer two token its price is low but we have seen nice price growth in the market. I power up every month, helping me grow my leo power. It is similar to the hive power and with leo power also we can earn a curation reward. If you don't curate manually, you can delegate and earn a delegation reward in leo. Powering up tokens means we are reducing the circulation from the market, which is good for any token in the market. When more people power up then together we reduce more tokens from circulation supply and it helps to improve the token economy. It is obvious that when there are more buyers and fewer sellers prices are going to be strong and it will appreciate their value.
My Leo Power Up
My Leo Powerup is done for the day or I can say for the month and today I have powered up 137 Leo tokens. I believe that consistency is very important and I am trying to be consistent so I power up every month whatever amount is possible for me. With regular efforts and consistent power-up, we are growing with Leo power holding and this is the right method to have a good holding.
After the power of this is what I have in my wallet and there are some tokens which I can delegate to the account because I don't curate a lot manually. I don't know what APR is paid out for the Leo Power delegation reward but this should be good as the team is doing great on the curation side. Generally, when we talk about the APR on the HP curation it is about 8 to 10% so if any project pays more than this then it is good. I don't know about the Leo and how much APR is paid for that but I'm happy to get whatever I receive out of it because I have no bandwidth to do the manual curation.
Last month my staked leo count was 235 and this month it is 639 which is grown. I have also delegated HP to the Leo account and I earn more than 10 Leo tokens every day which amounts to almost 400 leo powers in a month. I call it Leo Power because I get the tokens in staked form and staked tokens are called Leo Power. It is like I'm able to add almost 400 Leo power every month through my delegation. This is not bad and it is helping me have more tokens and grow my holding for Leo power.
So now I have done my part for this event and I am a bit late to publish the report but I was able to power up on time without any delay. It happens sometimes that I publish the next day after the event but it is fine because I make sure to power up within the timeline. I think that this is what matters the most and writing the post is not that important so it's fine as long as I can power up and publish even on the next day of the Leo Power Update event. It's a community-driven initiative and we all need to come forward and participate to make it an even bigger and successful event.
snapshots I have taken from inleo and hive-engine portal
Thank you so much
Stay Safe
Posted Using InLeo Alpha
It's awesome that you remain consistent with your power up, congratulations :) Earning almost 400 staked LEO as delegation rewards is cool! Your LP will grow faster with it.