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

about 4 years ago (Edited)

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

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)
https://steemit.com/steem/@ned/long-live-vests- (https://steemit.com/steem/@ned/long-live-vests-)
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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