How many CTP tokens to become a whale

in The CTP Swarm5 months ago

finances 1.jpg

If you are not totally new to this blockchain, you probably have heard about the ranking system here on Hive. According to the amount of Hive Power or rather the amount of Vesting Shares that you own, you are either a Plankton, a Minnow, a Dolphin, an Orca or a Whale.

This is how this ranking looks like

RankHive PowerVesting Shares
Minnow5251'000'000
Dolphin5'25010'000'000
Orca52'500100'000'000
Whale525'0001'000'000'000

My friend @jongolson asked me if there was such a ranking for Hive-Engine tribes and mainly for the CTP token. I'm not aware that there is such a rule set in existence and I believe that it would be a nice addition to have this ranking for these tribes as well.

What is the best way to calculate such a ranking?

I started by comparing the Hive Power of each of these ranks with the total supply of the token. The results I got where not really promising. If I apply this calculation on the tribe tokens it would be too easy to become a whale. Well there would almost only be whales :-).

My second approach was to compare the voting power of these accounts expressed in the token that they generate. In other words, I wanted to look how much each vote of these ranks attribute from the reward pool. Since these tribes were build on the basis of Hive, I believe this would be an appropriate approach.

My idea was to say that a whale account upvotes a post it will generate X Hive tokens from the reward pool. So a whale account from a tribe token should also generate X tokens from it's reward pool.

I first used the tool by @penguinpablo to calculate the reward generated by a full upvote from a whale, an orca, a dolphin and a minnow account (reference price for Hive $0.12).

RankUpvote value in $Upvote value in Hive
Minnow0.00230.019
Dolphin0.02300.19
Orca0.26972.247
Whale3.85232.1

This means that the upvote of a whale is worth 32.1 tokens. Starting from there I checked out how much staked Hive-Engine tokens it would require to get an upvote worth 32.1 tokens.

I couldn't find a vote calculator for tribes. The @ctpsb account that I'm managing has enough power to give very big upvotes in the CTP token and I simply tried to adapt the voting power accordingly so that the upvote of the @ctpsb account would give 32.1 tokens. It's probably not the most scientific approach but I couldn't find any better.

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This account votes with a total of 288'418 CTP Power. I need a 55% upvote at 88.2% voting power to generate 32.5 tokens. To find out how much CTP Power is needed for that, I calculate as follows:

288'418 x 0.55 x 0.882 = ~ 140'000 CTP Power

Now I did the same with the other ranks using other accounts.

These are the approximated results that I got:

RankCTP Power
Whale140'000
Orca10'000
Dolphin800
Minnow90

In my opinion this is the most appropriate way to calculate the Ranks for the tribes. I believe it makes sense to attribute these ranks according to the impact an account has in the distribution of the reward pool.

If you have a better way to calculate these rankings, I would be very glad to hear it :-)

To answer the question of this post, you need 140'000 CTP Power to be a CTP Whale !

If you look at the richlist of the CTP token, there are only 4 Whale accounts in this tribe.

image.png

source: https://leodex.io/richlist/CTP




Let's conect on Hive, Lbry or on Publish0x

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An interesting way to look into classification, and in my opinion one that makes full sense... Does not matter anymore how much VEST power you have, but the value of your vote, in those specific tokens.

I think that by looking at the vote value this gives a direct indication of the vests a person has. It's maybe not 100% accurate but it gives quite a good vision of the reality.

Thanks for stopping by!

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Oh wow I am A Dolphin 🐬 🐬 🐬 🐬
😀😀😀

Well done :-). It's easier to become a dolphin on CTP than on Hive I believe.

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Yes true... but whale required a lot more efforts...
140000 is aprox 10 times my current ctp power...

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Under this system I'd get to be an orca!

Congratulations on your Orca status :-)

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Very nice!

Thanks so much for this man!

Such an awesome resource for the CTP Swarm!

Thanks for the tip! With the road to 10k you were actually pushing people to become orcas :-).

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that makes me a dolphin then!!

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Double Dolphin already (Hive + CTP). Congrats Man!

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Oh that's great thank you for saying great information

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You are welcome. Thanks for stopping by!

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I'm barely half my way to become a minnow !

One step at the time. It's not too difficult to reach minnowhood in CTP I believe.

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Not so difficult, I'll probably reach it before the end of the month I hope !
Thanks for the tokens !

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I like the way you calculated it. I am currently 1/10 of a whale but above ocra.

but I guess number should come as 140,1400,14000 and so on.

On purpose I wanted to give the real numbers but you are right that it might be an idea to make it more harmonious so that it's easier for people to remember. Maybe 100, 1000, 10'000 and 100'000 would be a solution.

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Well so I'm a Dolphin? That's a start I guess ;-)

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Congrats on CTP Dolphin Status ;-). Thanks for stopping by!

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Hey man :) Thanks for sharing the HIVE rank..I've been looking for it

You are welcome. Thanks for stopping by :-)

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Bet on my way to dolphin I go! Thank you for this break down was just asking about it the other day.

Nice man. Thanks for stopping by!

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