Users earning LEO , have they voted for LeoFinance as witness? Analysis .
Good evening to one and all . I hope you all are doing great .
I have been doing some analysis of various projects here on Hive . Although I discovered Hive ( STEEM ) in its early days , I didn't stay . I came back in 2020 November and I started being active from then on , the real reason behind this is LeoFinance .
The linear curation reward implementation , the onboarding process , the manual curation by whales , comments getting recognition , all of these impressed me a lot and I not only decided to stay but I voted LeoFinance as my witness as well because of all the great contributions from them to Hive ecosystem .
Today I want to share with you guys some data regarding LeoFinance earners and witness votes .
At 24
Couple of months ago ( when I cameback to Hive) LeoFinance was at 30th position in witness ranking . Today we are at 24th position .
We have to climb 4 positions from here .
If you haven't voted yet , please visit here and vote now -
https://leofinance.io/@leofinance/ ->
Click on approve witness .
What data am I sharing below ?
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The data is related to LEO earners and whether those earners have voted or not .
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The data for earning is taken for a period of 31 days from 14th April to 15th May .
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The data ( the amount of HP and everything else ) is taken on 16th May at around 3 PM UTC . So if you see any difference in amount of HP , it is earned or gained during this one day period .
This will be a long post again so bear with me .
What steps have I followed to arrive at final results ?
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First I have taken the LEO earning stats for the above mentioned period .
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I have checked whether they have voted for LeoFinance as witness .
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If 2 is false ( they have not voted ) then I have marked initially_voted as "not_voted"
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If 2 is true ( if they have voted ) then I have marked initially_voted as "voted"
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Then I have checked if those people who haven't voted have used proxy , if yes I have checked whether the proxy has voted for LeoFinance or not . If proxy has voted then I have assigned the original user as "voted" in final_status_of_voting .
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If the user who has not_voted haven't used proxy or if he has used proxy and if the proxy hasn't voted for LeoFinance then I have set the final_status_of_voting as "not_voted" .
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Final_status_of_voting for all users who have initially voted for LeoFinance are automatically marked as "voted" in final_status_of_voting .
Data
Let's go for it now .
Total users who earned Leo during this period = 2759 users .
Out of these 2759 users,not considering proxy- how many have voted for LeoFinance as witness and how many haven't ?
So 2048 haven't voted ( not considering proxy ) for LeoFinance and 711 have voted .
So almost a 25% and 75% proportion .
Now let's add proxy votes into this .
Blue color what you can see is those who haven't used proxy and orange is those who have used proxy .
What does this tell us ?
First we had 2048 non voters right ?
Now among those - 158 have actually voted for LeoFinance through a proxy .
So 2048 - 158 = 1890 .
Out of these 1890 , 80 have used proxy but those proxies haven't voted for LeoFinance . ( Keep this in mind because we will come back to this later ) .
Remaining 1810 have neither used proxy nor voted themselves for LeoFinance .
Now shift those who have voted through proxy to "voted" side .
Now this is the final status . Through proxy or no proxy , these are the number of people who have earned LEO in the above period and their voting status .
1890 haven't voted , 869 have voted .
Thanks to the proxies , the proportion just increased from 25% to 31.5% .
Now let us see how many non-voters have earned LEO compared to how many voters have earned LEO .
The 139906 and 98553 is the amount of LEO earned .
So if we take the 1890 people who haven't voted for LEO , they are earning more than the 869 users who have voted for LEO as witness .
But without taking HP into consideration , we cannot do anything .
What does this mean ?
See there are many users who have created a separate account for tribes ( me too , @amr008.leo ) .
That particular account has 0 HP ( base HP ) but has earned quite a bit of LEO due to curation so it doesn't matter it that particular account votes or doesn't vote .
So if we have to infer something , we gotto take HP into account too . Let us see that now .
0.001 to 10 LEO earning users
These users forms the majority . They haven't earned too much of LEO , they have earned between 0.001 to 10 LEO in the above period .
- First box = Number of users who have earned LEO between 0.001 and 10 and their final voting status.
- So 1454 people who haven't voted for LeoFinance as witness have earned between 0.001 to 10. 458 who have earned between 0.001 and 10 have voted for Leo as witness.
- Second box = Quantity of LEO earned by all of them together .
- Those who haven't voted have earned 3032 LEO . So per user average is 2.085 LEO . Those who have voted have earned 1162 , their earning average is 2.53 LEO per user .
- Third box = Amount of HP these accounts hold , this is the most important metric here .
- The users who have earned 3032 LEO and who haven't voted have 12 Million HP with them ( base HP ) . If all of them voted , we can go atleast 2 places up ?
10 to 100 LEO earning users
This is good to see .
- Almost equal number of users .
- Almost equal number of earnings in LEO .
- But these people who have earned 10 to 100 have actually voted for LeoFinance more when it comes to HP .
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But there are still 305 users who have earned considerable amount of LEO ( > 10 and <=100 ) but haven't voted . They can add 2 Million HP for us .
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100 to 1000 LEO earning users .
We are seeing a pattern here , are you observing ? If we take the amount of LEO earned , as it increases the number of users who have voted for LEO also increases .
But
- There are 87 users who have earned more than 100 LEO . ( total of 44k LEO , that's huge ) but haven't voted for LEO . Although their HP is just around 800k , they should still be voting for LeoFinance . It doesn't matter if they have just 10 HP in their account , they should vote is my opinion .
Above 1000 LEO earning users.
Exactly equal number of users here .
Now most of them who have huge HP have voted already . Those who haven't voted have just 71k HP with them but they should definitely be voting for LeoFinance .Most of these accounts are actually Leo team accounts except a few which holds very very less HP except for one user who holds 90% of 71095 HP .
Final words
Now note that , there are actually many users who have voted for LeoFinance as witness but haven't earned LEO in the above mentioned period . They haven't been included in the post because they haven't earned any LEO .
So right now we need 13M Hp votes more to reach the 20th position . 2 M Hp more to reach 23rd position ( 1 step above ) .
2M HP can actually be done by the users who belong to 10 to 100 LEO earning category . These people should be our second priority .
First priority must go to the users who are earning between 0 to 10 HP .
These 1890 , if we get them to vote for LeoFinance by showing them how LeoFinance is contributing to Hive ecosystem we will reach the top 20 .
We don't need to focus on those ( right now ) outside of LeoFinance at all . We should focus on those users who are earning LEO itself , they can make us hit the top 20 .
I went and checked out of 1810 users who haven't voted and haven't used proxy either , have they voted for anyone else ? - 917 out of 1810 have voted for nobody .
That means we need to create more awareness , it's not like they aren't supporting LeoFinance by supporting others , it's just they have no idea maybe about all this .
That's it from me today . I hope you got some kind of insight from this post .
Regards, MR.
Posted Using LeoFinance Beta