Leo Power Up Day (LPUD) - Becoming a LION finally
Image from post by @cryptosimplify
The LeoFinance community has been buzzing about the upcoming Leo Power Up Day (LPUD) on May 15th, and for good reason! With the recent launch of new $LEO tokenomics, LPUD presents a great opportunity for all members to get involved in shaping the future of the LeoFinance ecosystem.
I added 2000 LEO to my stake in order to reach the juicy Lions stage of 15K staked. This is an important milestone for me.
One of the most significant changes in the new $LEO tokenomics is the drop in inflation from 25k tokens per day to just 5k tokens per day. This is a big shift in the economy of the LEO token and is expected to have positive long-term effects on the value of the token.
In addition to the drop in inflation, the new tokenomics also includes an increase in LEO burns. Previously, around 350 tokens were burned per day, but with the new tokenomics, this number is expected to increase significantly, leading to a decrease in the overall supply of LEO tokens.
Another exciting aspect of the new tokenomics is the monthly purchase of $10k worth of LEO tokens for delegators. This initiative is a great way to incentivize more people to delegate their HIVE power and become a part of the community's growth.
Overall, the Leo Power Up Day presents an opportunity for all members of the community to get involved and do their part in shaping the future of the LeoFinance ecosystem. By staking their LEO tokens and participating in LPUD, community members can help increase the overall value of the LEO token and contribute to the growth of the LeoFinance platform.
It will be interesting to see the effects of such a big shift in the tokenomics over time, but one thing is for sure - the LeoFinance community is strong, vibrant, and excited for what's to come. So mark your calendars for May 15th and let's power up those LEOs!
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I'm yet to follow the Leo 🦁 power up day. Soon I'll fully understand everything.
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