The Leo Whale Report
The other night I ran an exercise to figure out how much LEO was required to achieve the associated levels that we are all familiar with on Hive. Most of us were surprised how low the true numbers were but, considering the fact that there is 1/82 the number of LEO compared to HIVE, it makes a lot of sense.
For those who missed the post, here is where the categories came in at.
Now that we have a rough idea at the different levels for each category, the next question is how many accounts attained the different levels?
Token distribution is important and hopefully, over time, it spreads out to more people. Most distributions start highly centralized yet a strong community will see the tokens move further out as activity increases among different people.
The accounts breakdown was gathered from the data provided by http://dex.leofinance.io/richlist/LEO.
Here is what the chart looks like.
As an aside, the Red Fish are any account with at least .001 LEO and under the Minnow level.
We can see there are 4,866 accounts with some LEO in it. Not surprisingly, we see the stair step look to the chart. In these early days, it makes sense that the Whales are the least in number and Red Fish the largest.
One thing that is encouraging, there are 102 LEO Whales. Hopefully, this is a number that will grow over the next few months.
A single report does not tell the whole story. It will be interesting to see how things shift over time.
Here is the breakdown of percentages for each category.
Whale 2.10%
Orca 8.04%
Dolphin 18.70%
Minnow 24.85%
Red Fish 46.32%
One again, we will see if these percentages change over time and at what rate.
We know that over the last few years, the categories on Hive saw massive shifts although the pace was rather slow.
Let me know your thoughts on how this report and as a barometer going forward to judge how LEO is doing.
If you found this article informative, please give an upvote and rehive.
gif by @doze
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I will be very anxious to know how the chart will look in a few months.
I'm very happy to see people posting their activities showing their LEO powerup.
I'm sure that here is and will be very different from Hive in terms of wealth distribution as we have excellent curators who support our community by voting for dedicated members and those who are not very visible to our eyes.
Who knows, the number of whales could double by the end of the year? We have 391 orcas and it would be great!
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Yes although I would say the hope is that all levels increase with more people moving up in category.
With the numbers so low, those who are dedicated should be able to move up rather quickly, especially with the curation that is taking place as you mention.
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How do those account size percentages compare to say HIVE, Bitcoin or other comparable projects? I saw HIVE has a growing middle class, right?
What do you think the ideal spread is and why?
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It depends upon how you look at it with Hive. With over a million accounts, the percentages are way down. Even if you go with the 10,000 active users, 35 whales is still a very small percentage.
I have no idea what a solid breakdown would be. I would think that a inverted V would be ideal with the Dolphins making up the largest number.
Of course, this only deals with the number of accounts at a level, it doesn't look into the LEO held in each category. That is the real story but with Hive engine I wouldnt know how to figure that out (other than manually adding all the accounts holdings).
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This will be a nice report to do on a quarterly basis to monitor changes on the richlist.
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Yes the trend in change is what is important. We will see how it shifts over time.
Could be a quick change or a small one....with all the people posting, I would hope the Dolphin and Orca levels grow significantly.
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I’m not convinced that the Red Fish to Whale progression we know from Steem/Hive has a lot of real meaning when it comes to H-E tokens. If one can become a LEO “Orca” for less than $22, how much of a goal/achievement is that?
If one is doing it through curation, it is quite a feat considering the amount of upvotes for most are small.
There are only less than 4 million tokens staked.
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Truth.
I know you like playing with numbers too @preparedwombat.
If you can think of another system for categorization, it would be cool to see that in a post.
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For what it’s worth, my post:
https://leofinance.io/hive-167922/@preparedwombat/is-there-such-a-thing-as-a-leo-whale
I have the goal of becoming a leo whale and I will achieve that with time.
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At the rate you are staking LEO, I am certain you will get there.
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Thank you. I look forward to creating useful and more contents here and staking the rewards that follow.
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I sit pretty at 2.6k Leo and without this report I wouldn't have known that I'm an orca already, I feel before year runs out I'll be a whale by all means. Stunning report. People might need this to understand further how Leo works
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You are more powerful than you think @josediccuss.
With power comes responsibility.
It will good to see you in whale status by year end.
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Thanks a lot, I'm really counting on it big time
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I haven't thought of tribe-specific staking categories in some time. Looks like I'm an orca on LEO. So, the next major milestone is to become a whale. Still quite far for me, but unlike on Hive, attainable.
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Yeah and right now, with the price of LEO in fiat terms, not outlandish.
It is an interesting mental exercise and is serving to give some people some goals.
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I need to either post enough to get myself to whale status or just start buying LEO to get there... 6.2k LEO is less than twice my current stake! It's not that far away
I think LEO's stake will become more decentralized than HIVE's stake, the early mining that STEEM had pretty much gave too much power to some people, at least we don't have steemit's stake on HIVE, that stake was way too high!
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I guess I am big in the LEO world, and I didn't even realize it.