I reached the Hive Orca Status Equivalent with LEO Stake - (8.3 HIVE worth of vote)

over 3 years ago (Edited)

The ownership of the Decentralized Proof of Stake (DPoS) blockchain as Hive is dependent on the stake of HIVE held by each user. Thus, a user with the highest stake of HIVE owns the blockchain to the extent that correspond to his proportion of stake compared to the total staked HIVE. To make it simple:

At a given time:
User A stakes 1 HIVE
User B stakes 6 HIVE
User C stakes 3 HIVE

TOTAL HIVE stake = 10

Proportion of User A's stake = (1/10)100 = 10%
Proportion of User B's stake = (6/10)100 = 60%
Proportion of user C's stake = (3/10)*100 = 30%

The above analogy implies that User B owns more than half (60%) of the stake in the platform at that time. This means that he can control the governance decision on the blockchain all by himself as the remaining 40% stakeholders's decision would be a minority.

The amount of stake held by a user also determines the influence the user has over giving or declining a reward from an author. That means, the more the stake, the more the value that can be given/declined in upvote. However, the algorithms do not follow a linear relationship.

The afore basic information was necessary for a user who is new to this platform, so as to have him glean some understanding. Therefore the stake of HIVE help by a user is crucial. The process of converting liquid tokens bought from the market to stake is known as "staking" or "powering up".

When discussing staking, HIVE is the base token. However, the blockchain protocol allows for a second layer or secondary layer which allows other decentralized applications to be built in a way that it also interacts with the HIVE blockchain. This feature is what brought Hive-engine tokens to bare.

Leofinance is one of the second layer applications on the Hive blockchain that allows users to earn additional token - LEO when they write a post, comment on a post or upvote a post that covers finance and cryptocurrency contents. The community is one of the fastest growing second-layer communities on the Hive blockchain.

I have been a consistent content creator in this community and thus, earned LEO over time from my contents. I decided to power-up part of my earnings which grew up to 25,000 LEO as at today and that makes me a stakeholder in the LEOfinance community with some considerable proportion of powers.

The emphasis of this post covers the use of my stake to give LEO to other users who create finance and cryptocurrency contents. As of today, my full 100% upvote would afford an author to receive 5.527 LEO as shown in the screenshot above. That amount of LEO is equivalent to 1.69 HIVE as shown in the market screenshot below. I want to approximate it to 1.5 HIVE for the sake of market variations. Let's explain mathematically below.

That means when I upvote author in full power, he receives receives 5.527 * 1.5 HIVE = 8.27 HIVE.

Also, as of today. A HIVE account with 116,000 HIVE in stake gives approximately 1.27 HBD worth of upvote.

1.27 HBD is equivalent to 8.194 HIVE, which I may approximate as 8.2 HIVE.

That means that 1.27 HBD is equivalent to 5.5 LEO.

With that, one can say that holding a 25,000 LEO Power is equivalent to holding 116,000 HIVE Power since they the same worth of upvote though with different tokens. This is why I concluded that I reached the Hive Orca Status Equivalent with LEO Stake - (8.3 HIVE worth of vote).

LeoFinance is a blockchain-based social media community for Crypto & Finance content creators. Our tokenized blogging platform (https://leofinance.io) allows users and creators to engage and share content on the blockchain while earning LEO token rewards.

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