How Much LEO Is Required To Be A Whale (Or Any Other Level)?

On discord some were talking about what levels of LEO are required to equate to those set out for Hive. This is an interesting topic and one that is completely subjective.

Thus, I decided to take a shot and figure out basic parameters which could work.

I started by determining what the total number of HIVE that existed and compared to that of LEO.

This was garnered from https://hiveblocks.com/.

hive.png

I used the 363 million because this is the HIVE actually issued. The HBD conversion is debt that can go up or down.

Next we pull up the total LEO from Leofinance.io.

leo.png

This starts the process of calculating the ratio between HIVE and LEO. Here we divide the total amount of LEO by HIVE.

When we do this we come up with a ratio of .01217. We will save this for a bit later in our calculations.

Next we have to determine what the levels are on Hive to determine them in LEO. Some might not be aware but the different categories (Whale, Orca, etc..) is not truly determined by HP but, rather, MVest. It is a multitude of 10 for each level.

The categories are as follows:

Minnow 1 MV; Dolphin 10 MV; Orca 100 MV; Whale 1,000 MV

To figure this out in HIVE, we need to look at the HIVE to MV ratio. We find this at https://hive-db.com/.

hive.png

With this, we can see the different categories break down as such:


Minnow 516.075 HP
Dolphin 5,160.75 HP
Orca 51,607.50 HP
Whale 516,075 HP

Now we simply multiply the Hive to LEO ratio (.01217) by each level of HP to get the conversion.

Here is how it all unfolds:


Minnow 6.28 LEO
Dolphin 62.806 LEO
Orca 628.063 LEO
Whale 6,280.632 LEO

This means that holding 62.80 LEO is the same, percentage-wise, as holding 5,160 HP. The reason this is so is because there are more than 82 times the amount of HIVE as LEO.

As stated before, this is a subject way of looking at things and a logical way to approach it.

What are your thoughts on these levels as well as the comparison to Hive?


If you found this article informative, please give an upvote and rehive.

gif by @doze

image.png

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Fun little exercise that opened my eyes a little.

On the surface, those numbers seem so low. I was for some reason expecting to see them much higher.

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Yeah you would think but when you consider the fact that there is 82 times the amount of hive as leo shows why they are so low.

At least is we determine the levels based upon a percentage basis compared to Hive.

There could be other ways of establishing the different levels.

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So as time goes on, will these numbers naturally increase alongside LEO inflation?

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In this situation, I tied it to the Hive model so the inflation in Hive, which causes those levels to increase will naturally be reflected.

So yes, ultimately the numbers will increase.

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Thanks for putting this together @taskmaster4450le! So, according to your figures here, I am already an Orca. Given the relatively small difference between my thought of setting 5,000 LEO as an objective, maybe I'll just shoot for becoming a whale!

My first open order for 1,000 LEO is in place. We'll see how it goes!


P.S. I wonder how the original designation on Steem / Hive were derived. As this opens the door to what it means to be a BTC whale, ETH whale, etc. What is the criteria on those blockchains and how were they determined?

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I have often wondered that myself. Thus far, I never saw anything that mentioned how those levels came about.

Maybe they simply like the 10X of each level in the MVests.

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Interesting breakdown. @holger80 was running similar calculations on some posts he did about tribe tokens in the past. I don't remember how he calculated it, but it was interesting to see how the numbers play out.

For just $200, anyone can become a LEO whale. That's a meaningful number in my opinion. We'll see if anyone takes you up on a "become a LEO whale challenge" via earning/accumulating.

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I have already taken him on, and already a dolphin in just over a week 😏 Support from you guys were awesome!

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I have already reached 1500+ Leo by writing and curating. (that's is double Ocra ) I think I will definitely reach whale status one day by authoring and curating only.

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Did you mean this?

image.png

By that metric,

Plankton - from 0 up
Minnow - 9.946
Dolphin - 99.454
Orca - 994.534
Whale - 9945.335

Based on 3930962.18 staked LEO.

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We see a couple who were able to get there or are working towards it.

I think anyone who dedicates a full year to LEO will make Whale fairly easily.

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You don't know how much you were looking for it and it looks like you read my thoughts :)

Very cool to see in such a simple and direct way these calculations have become. It is true that they are 82x less than HIVE, but I found the amount to become a whale interesting.

I'm almost halfway there and now I want more than anything to reach this mark of being a whale. Wow ... First time I will do it since my start in 2017 here.

Very good to have this information and it will help many to clear this doubt in their heads.

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I also did some calculation earlier that's why I always said that having 10K LEO can be life changing in future.

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You are one of the shining examples of someone who came onboard and simply got after it by setting a goal, making it known, and getting the assistance needed to move in that direction.

It will be a wonderful day when you put up the post announcing that you became a LEO whale.

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I can't wait for that big day.

Basically I will have two challenges at the same time, 1 to reach 5k LEO and the other to become a whale. Incredible!

Upon reaching whale status logically the responsibility around the community will be even greater. It will be a great honor to be able to contribute as a whale.

Let's go in search of that goal!

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Congratulations @taskmaster4450le! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You have been a buzzy bee and published a post every day of the week

You can view your badges on your board And compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @hivebuzz:

HiveBuzz Ranking update - New key indicators
Support the HiveBuzz project. Vote for our proposal!
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It makes sense to me, I love this sort of analysis.

It's not a lot of LEO to become a whale!

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Relatively speaking, it is not @revise.leo. That is the difference of having just over 4 million LEO out there compared to over 350 million.

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Sometimes I do wonder when the masses are going to start investing in their own social media! It seems a long time coming - as @steevc has long said, it's relatively cheap to become a minnow on Hive, on Leo, it's peanuts, for most of us westerners anyway!

4 million LEO, that sounds scarce to me!

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I just wonder about whether I need to spread my investment. I would rather just invest in Hive, but I acquire some of the other tokens anyway. I don't do many financial posts that would be applicable to LEO. Need the Sports token to take off as I have plenty of that.

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I'm now into the habit of powering up at least 75% of my Hive, then I tend to buy DEC and LEO with the rest.

It's only just dawned on me that while I'm not a trader, there are plenty of other aspects of finance I'm interested in.

Also LEO welcomes any post about Hive more generally.

Sports isn't my thing, but that diversity is part of what's great about the chain!

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I was interested in SPORTS early but the lack of development soured me on that.

You are right, LEO accepts anything related to cryptocurrency.

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Is there any development going on on any other platform besides LEO is a good question?!

I might have to dig around at some point, just not now, my work list is looking pretty full still as I've spent way to long hanging around Hive today!

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I cant say for certain where development is taking place and where it isnt. I just go by the interfaces, most do not change at all. Plus we dont see many updates from the project team.

LEO is really the one making progress at the moment.

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LEO focuses upon finance and cryptocurrency. So anything cryptocurrency related, Hive or otherwise, is welcomed.

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Okay, so I could use it on my #FollowFriday or other posts about Hive then. I will consider that. There are so many tags and tokens that it can be hard to know what to use. The other tokens are a tiny part of what I make compared to the Hive.

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And LEO might be the same where it is a small percentage of what you earn.

However, many who are focusing on LEO are finding their LEO rewards outpace their Hive ones (in USD terms).

With the tribe tokens, it all comes down to what will have value a year or two from now.

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If I knew what would have value in a year or two I could be a rich man :)

Of course everyone will concentrate on whatever they want to boost and talk it up. That's how crypto works.

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If I knew what would moon in a year or two in the stock market, I would be a rich man also.

Give me an accurate crystal ball and I will do very well. 😁

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4 million is very scarce especially if you consider a growth rate that doubles or triples the user base over time.

Imagine 3 times the number of posters on LEO as there are now. That would make the push for the token very powerful.

I think we see it happening.

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This is a nice shot of motivation to get my LEO amount up to that next level. I always thought my holdings were so pathetic but really they aren't that bad!

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Yes it does appear that people's account is not as bad as they thought.

And I am glad this is motivation to work towards the next level. We will help you get there.

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Interesting facts here. However, we must see how to build in the value given out in upvotes by these vested share categorizations. I've been really brainstorming on building a robust iteration for this relationship may be in a graphic manner.

Thanks Sir for the insights already.

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Take the info and build a graphic to represent it. That would actually be great. Something we could pass around and inspire others.

And yes, maybe it will help many to realize how big their account truly is in proportion to the entire float. Thus, their upvotes are valued more than they know.

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We are after whale status! Over half way there, and growing fast!

We really enjoy this proportionality, but of course there is another variable we must take into consideration when talking about relative levels: Daily Active Users. Since the Daily Active users of LEO is naturally a fraction of the DAU of HIVE, there might be some additional multiplier needed to make these levels practically similar to their meaning on HIVE.

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