Steemleo: Following Path Of Decentralization

There was an interesting post today put out by @leo.stats. It covered the numbers for the month of November.

What caught my attention was the payout percentages. Being one that spent the better part of two years watching the SP stats on Steem very closely, I like what I am seeing.

The specific area of focus was the top 30 accounts.

Here is what was posted in the report last month (for October).

The top 30 accounts have earned 78k LEO tokens. Out of the 147k this is 53% of the total reward pool.

https://steemleo.com/steemleo/@leo.stats/top-leo-earners-october-2019-or-top-leo-holders

This is a pretty high proportion going to the Top 30 accounts. However, it is not uncommon when a platform is new. As more people join and get active, these numbers tend to shift.

One month later, this is exactly what we saw.

This from the report published today:

The top 30 accounts have earned around 73k LEO tokens. Out of the 147k this is 49.7% of the total reward pool. The number is a bit down from the 53% last month.

https://steemleo.com/leostats/@leo.stats/top-leo-earners-november-2019-or-top-holders

For the month, there was 5,000 more LEO that went to accounts outside the Top 30. One might be tempted to cite how high the percentage still is but that would be missing the forest through the trees. The trend is what is important. Each week, there is a post about the number of newer users and it shows, consistently, more people are posting to Steemleo.

This means that the trend we saw these past two months will continue. More posters means that the reward pool, 147,000 LEO, is spread out among more accounts. I wish we had number from August and September as a comparison but, alas, this only started with the report covering October.

One of the big takeaways is there is a tremendous benefit to being an early adopter on a platform. As time goes by and more success is attained in attracting users, the reward pool gets distributed to more people. This is obviously the goal which creates a thriving economy.

I believe Steemleo is well on its way. Over the next month, do not be surprised to see a drop of similar proportions by the Top 30 accounts. If there is a rise in the number of people posting to Steemleo, it would not surprise me to see this percentage closing in on the 40% mark. A consistent gain in the number of users active will mean a steady spread in token rewards to wider grouping of people.

Imagine for a second, 100,000 people posting to Steemleo on a monthly basis. Simple division means that each person will get, on average, 1.4 LEO per month. Of course, rewards are never distributed in that manner yet the point is clear. While the Top 30 might still be taking a larger percentage, it would only be a few more than the rest since there are so many involved in the reward pool.

This is how crypto rewards work. Time tends to flatten out the reward system as long as people remain active. Since Steemleo is one of the more popular applications with a team dedicated to supporting the token, it only makes sense that the user base will keep growing.

In my opinion, this is a great token to be accumulating. Stakers will be very happy down the road when things really take off.

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