Power Up Day - Probably The Most Important Day Of The Month
I will be staking my Hive today and every day for the rest of the month hopefully.
I will be locking up 62 hive. In return for this, I will receive a higher value for my vote as thus a bigger share in the curation rewards.
I like this it give me good vibes
You Don't have to wait for the first of the month or for a event like Power Up Day to add some stake, as you can see from the chart I have been adding a little bit for quite some time, I missed a few days but fairly consistent overall.
Reasons To Power Up
The other thing is to move up the leader board on hive buzz in terms of HP, currently I am sitting in about position 1173, I will be aiming to get under 1000 spot in the ranking. no prizes or anything just a bit of fun.
Another reason is for increased security. By having my hive powered up means if I get hacked, the attacker can not empty my account immediately, and I have some time to change the password and recover my account. This feature alone should make you want to secure you money.
Finally, staking also provides me with a way to earn a passive income. By staking my coins, I can earn rewards on a regular basis without having to perform any work. This is a convenient and low-risk way for me to earn a return on my investment, especially if I don't want to actively trade my coins.
Overall, staking provides me with several incentives to participate in the network and help secure it. These incentives include rewards, increased security, and a potential for passive income.
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