Steem Investment: Understanding steempower, influence and influence ranking on the Steemit social platform.

in hive-167922 •  29 days ago 

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If you’ve been around Steemit any period of time you have noticed people using names like Plankton, Minnow, Dolphin, Orca and Whale.

If you look at Steempower you determine rankings like this;

Plankton = less then 500 Steem Power
Minnow = at least 500 but less then 5000 Steem Power
Dolphin = at least 5000 but less then 50,000 Steem Power
Orca = at least 50,000 but less the 500,000 Steem Power
Whale =at least 500,000 Steem Power and above

But what doe these levels mean?
The short answer is that the levels give you a quick idea of how much influence or power the users have on the Steemit Platform.

What is influence?
On the Steemit Platform the size of your investment in a semi-liquid form of Steem called Steem Power determines how much influence or power you have on the Steem platform. On the Steemit Platform Power means money, which tells you how much your upvotes are worth in Steem. So the more Steem Power you have, the more Steem your vote is worth.

For example, a Plankton with 100 Steem Power has a upvote worth 0.01 Steemit Token Units. While a Minnow with 1000 Steem Power has an upvote worth 0.10 Steemit Token Units, and a Dolphin with 10,000 Steem Power has an upvote worth 1.00 Steem.

Vests
If your a stickler for detail you may want to know that your rank is actually based on a term called “vests”. I read an article by a software developer who stated that the source code for Steemit dictated the levels and they were as follows:

Plankton = up to 1 million VESTS
Minnow = >1 to 10 million VESTS
Dolphin = >10 to 100 million VESTS
Orca = >100 to 1,000 million VESTS
Whale = >1,000 million VESTS

So how do we find out how many million vests we have?

You can check it by going to www.steemd.com or going to http://www.steemworld.org
You can also check it by going to http://www.steemitboard.com.
According to the author the source code 489.964 Steem Power equals 1,000,000.00 Vests.

That’s it, please check the references below for additional information.

✍🏼 written by Shortsegments

References

  1. https://steemit.com/steem/@dhimmel/steem-vest-ranks-plankton- minnow-dolphin-orca-whale (https://steemit.com/steem/@dhimmel/steem-vest-ranks-plankton- minnow-dolphin-orca-whale)
  2. https://steemit.com/steem/@ned/long-live-vests- (https://steemit.com/steem/@ned/long-live-vests-)
  3. https://steemit.com/steemit/@stealthtrader/what-is-the-difference- between-a-minnow-dolphin-and-a-whale (https://steemit.com/steemit/@stealthtrader/what-is-the-difference- between-a-minnow-dolphin-and-a-whale)

Stay thirsty for knowledge my friends.

✍️ written by Shortsegments

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Read other articles by me on the Steemit Social Media Platform, where writers get paid for their content by the community by upvotes worth the cryptocurrency, called Steem.

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Shortsegments is a blogger or writer on the Steemit platform, where writers, photographers and video bloggers, along with other content producers get paid for posting their content. Steemit is a decentralized social media platform on a blockchain called Steem. A very important difference between Steemit and centralized platforms like Facebook, Instagram or YouTube, is that there isn’t a central authority or owner to take your account away from you and your account can’t be deleted. You are the owner of your account. Find out more at this Link

Steem Onboarding helps you apply for an account and is a series of videos which explains how Steemit works. You don’t need to understand everything about the blockchain to post content and our Onboarding help is available in six different languages.

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Thank you very much!

good job

Thank you!

Thank you for this explanation. There is so much to learn on Steemit!
Thanks

!giphy thank+you
!giphy good+job
!popcorn
#promo-steem
#palnet
#neoxian

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!giphy thank+you

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!giphy good+job

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