Shitcoins Today: Issue #7
It's been a while since I have checked out what it takes to become a whale in some of the Hive Engine tribes. Over a year ago, we have seen this post from @holger80 about each tribe's stats. Since then, so many things had happened. We are now on a different chain, but the community carries on. Or does it?
There are several places you could find the supplies of each tribe token. You could do so on the tribe's frontend, if they have one. You could also use Leodex.io/token/{token ticker} to check out the supplies. I have chosen to take screenshots from LeoDex to supplement this post.
In short, if we were to treat each token as if they were HIVE, there's a specific definition laid out by the chain. This magic percentage, for whatever reason, is 0.253% of all staked coins. This is where the unit of vest derives from.
The more people power up, the threshold to become a whale becomes higher. Following that logic, an orca is 1/10th of whale, dolphin 1/100th of that, and so on.
So, how have things changed since last fall? Let's take a look at some of the more popular tribes.
PAL is the original tribe. A lot in this ecosystem happened because @aggroed and his team made it possible. Yeah, we all have gripes about the performance of Hive Engine. But remember, we have what we have today because of it.
Whales then: 7,243.38 PAL Whales now: 13,182.140 PAL
LEO is the talk of the town right now. It's the most successful tribe of the ecosystem. It's one of the few assets from Hive listed in other exchanges. The recent dip in total staked tokens is a side effect from people providing liquidity for wLEO. Some also sold part of their stake for decent gains after holding so long.
Whales then: 5,926.38 LEO Whales now: 8,986.100 LEO
NeoxAG is unique in that it managed to keep 90%+ of the tokens staked throughout its entire existence. It's got a very different feel from what you'd expect on Hive's default trending. It's a very active community both on and off chain. I would even say that Discord and Neoxian City are inseparable.
Whales then: 14,676.96 NeoxAG Whales now: 74,256.26494 NeoxAG
We can say a lot about SportsTalk. I won't even go into details about the sports content there. What surprised me was the fact that over 85% of the tokens are stake despite the ridiculous payouts. It's not uncommon to see posts with over 100K pending rewards. If you like large numbers, I suppose this is the place for you.
Whales then: 379,288.15 SPORTS Whales now: 255,164,346.500 SPORTS
The surviving gaming tribe token on Hive after GG died. They have a nice looking website, but not a frontend. So, you'll have to manage your stake elsewhere and vote from the #battle tag. This token found new uses in @dcitygame auction recently. As far as circulation goes, the total percentage of staked tokens remained around mid to low 20's. Do people even know this token exists?
Whales then: 3674.34 BATTLE Whales now: 4567.21 BATTLE
Not much has changed in terms of supply and percentage of total tokens staked for STEM either. This is the token for the various STEM content on Hive. Whether or not people know it is another story. There is much unrealized potential with this tribe, but it will require a lot of work.
Whales then: 3528.23 STEM Whales now: 5756.301143 STEM
How much would it take to be a whale in a given tribe? With the exceptions of LEO and SPORTS, you would only need several hundred HIVE to achieve that.
It's a bit jarring that you'd spend more money to become a SPORTS whale than LEO if you had to start from zero. But hey, no one said this space makes any sense.
Posted Using LeoFinance Beta
