SteemLeo: An Example Of How Wealth Is Growing And Spreading

The addition of Steem-Engine to the ecosystem really changed things.

For the last few months, I wrote how I feel this is really going to enhance the earning potential for all those involved with Steem. With some of the changes that took place in Hard Fork 20, it only makes sense for smaller accounts to look towards the different applications and tribes as a means of growth.

One of the main reasons I feel this way is because there are different people who are holding the tokens. We see an expansion of "Whales" in terms of number. No longer is it just a small handful (37) who hold all the wealth. By having different people, we see the ability to get some nice upvotes from those who are outside that grouping at the STEEM level.

I decided to do a bit of research into the top 15 account holders on #SteemLeo. This was derived by taking a snapshot yesterday. For my figures, I used .146 STEEM to LEO pricing.

http://scot.today/token/leo

Please note both the price of LEO and the amount of LEO held is constantly changing so this is just a snapshot of something in constant flux.

The first thing to note is the letters next to the name. That signifies accounts status with the Steem Power. There is not one Steem Whale in the top 15 largest LEO accounts. We see three Orcas and a handful of Dolphins. There are even a couple Minnows and one Plankton.

Naturally, the amount held is not comparable. The largest account holder at the time of the analysis, @aggroed, had the equivalent of under 10,000 STEEM. This is not even a strong Dolphin on in SP.

STEEM derived by taking LEO and multiplying it by .146.

There are a couple caveats which are important. The first is that Steem is three years old while SteemLeo only a few months. Hence, the time that Steem is distributing is a lot longer than Leo. At the same time, there are roughly 320M STEEM total out there; LEO 4.2M. This provides a rough ratio of 80 to 1.

This would put an account like Aggroed, as a percentage of the whole, at just shy of 800,000 using that ratio. This is reaching Whale status in Steem Power.

Of course, in value, it is unlikely that an application is going to be more valuable, in totality, than Steem. The token for the application represents just that. STEEM, in theory, represents everything that is happening on the blockchain i.e. all applications.

Nevertheless, we can see, as the platform keeps distributing tokens, the people who are big fish on #SteemLeo are different from the ones who are holding SP.

These are the people who have the ability to hand out serious upvote rewards on that platform. They are also the ones who will help the smaller LEO accounts grow.

Another interesting observation when looking at the chart is the percentage column. This is the percentage of STEEM held in LEO (converted) compared to the SP held. The Orcas obviously see this number being small. However, move passed those three accounts and we see a large uptick in the wealth held by having the LEO.

Of the 15 accounts, 10 added more than 20% to their holdings through this vehicle. Since most of the accounts had significant SP, this is a nice jump in total. Keep in mind, this is an avenue that did not exist three or four months back.

Certainly there is no way to know if the price of LEO compared to STEEM will go up or down in the future (it went up in the past 12 hours since I did the analysis). What we do know is the LEO team is very aggressive in the burn of their tokens. This will keep the supply down.

Whatever takes place with that Tribe, the main point is that it is something that can be duplicated across a couple hundred tokens. Many will not create the same results. However, I am sure if we took a look at the top Marlians accounts, we would find a group of "Whales" there who are not in the same category with their SP. Instead, these are people who dramatically increased their overall holdings compared to STEEM via that token.

When SMTs are finally introduced, I have a feeling this concept will expand rapidly. The opportunity presented to everyone who is active will grow exponentially. Our limitation will not be from a lack of opportunity but, rather, time constraints.

Think about it from a bit different perspective. I used the top 15 accounts in a single tribe. I am sure if we went across 10 different groups while looking at the top 150 accounts, some of the same names would keep appearing. The average person now has the ability to be active in a variety of groups, earning throughout.

This was not possible 6 months ago. At that time, everyone was going after the same tokens: STEEM. Now, there is a distribution that is wide enough where people are avoiding total overlap. The ZZAN, NEOXAG, PORN, and PAL are, for the most part, different people.

What all this is telling me is the wealth is growing as tribes step forward providing legitimate ideas and communities. We are also seeing it spread out among more people as individuals start to focus upon growing their holdings outside of SP.

As we can see, it is already common to see one holding more value in a SE token than in SP.

I believe this will only grow as more opportunities to earn are handed to people.

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