What are the new userbars and Level activity below my name..?

[bala]

As the thread title states..WHat are they all about..
The Level part sounds fine
but what does daily and monthly activity mean..??
I would like it if someone can explain it all for me..

FYI,it looks cool and to have so many things below my profile is kinda great..

 

[admin]

We are going to be holding contests and awarding prizes in a few weeks. These contest will be based on activity, likes, rep points...

 

[Ricardo187]

That's very nice to be honest. It's great idea and I also like the way I can monitor my own activity now.

 

[PhilA]

I think it's a great idea, I know I am more chatty than most but people should want to contribute more. Having some kind of contest is a great idea!