On my 56th birthday, I decided to write a post about my Dolphin goal. This birthday post is an article aimed at small players, particularly Hivers from developing nations. Specifically, this is for Minnows out there just like me who decided to reach Dolphin status in years to come.
My current HP is 2,103. A Dolphin has a minimum HP of 5,616. I need 3,513 more HP for my account to grow from a Minnow into a Dolphin.
How long will it take for a $35.70 monthly savings to accomplish such a goal? And besides, that savings do not only go to HIVE power, but also to LEO and other Hive Engine tokens like SPS, WOO, and GLX. Though relying on such an amount will take a longer period, that’s one of the ways for me to hit my target.
Insights from @arcange’s Graph
Yesterday, I saw the graph below:
As you can observe, out of 8,957 Minnows, 4,328 have been active so far for the last thirty days. That’s less than 50%. It shows that for the whole month, more Minnows are not posting, commenting, or upvoting.
Turning our attention to Dolphins, the data shows a more encouraging result. The number of active accounts is more than twice the size of inactive accounts. Simply observing the different fish categories based on the size of HP, we can say that the higher the status, the more activity we can see.
To make the data above more comprehensible, I transferred them into a table:
| Account Level | Total Number of Accounts | Inactive | Active |
|---|---|---|---|
| Plankton | 2.43M | 2.16M | 279,060 |
| Minnow | 8,957 | 4,629 | 4,328 |
| Dolphin | 1,666 | 514 | 1,152 |
| Orca | 260 | 55 | 205 |
| Whale | 36 | 9 | 27 |
I am glad to be included among the 4,329 Minnows that remain active on the chain for the whole month. That is a very small number. There is still a huge space for growth in the Hive network in terms of HIVE Power (HP). How I wish to see myself transition into the Dolphin category and be included in that 1,152 active accounts.
If the current rate of the growth of my account will be my reference, it means that it will take more or less three years for me to complete my Dolphin goal. Of course, I do not include other variables that might affect the direction of my account such as the volatility of HIVE’s market price and other unexpected incidents and threats.
To reach 2,103 HP, took me one year and eight months. 1,440 of them are author rewards and 114 are curation rewards. The remaining 549, I used my savings to buy from the market.
Unfortunately, I observe that due to changes in the schedule of my work, my author rewards started to decline these past few months for a lack of time to create content. And not only that, an Hiver particularly a small account owner has to accept the fact that big votes are beyond our control. Since this is the case, I am now thinking of focusing my attention on curation rewards. But for them to become significant, I need to find a way to boost my HIVE Power (HP) and I think except for my monthly savings and curation activity, I can utilize the Hive Engine tokens I own to focus on increasing my HIVE Power (HP).
Hive Engine Tokens Update
Checking my current token list, I am thinking about how can my Hive Engine tokens help me achieve my Dolphin goal. I think I have to make some adjustments.
About CTP, I am having second thoughts. My original goal was to achieve 30,000 staked CTP on listnerds.com. However, after experiencing some difficulty both in staking CTP and in receiving staking rewards on listnerds.com, I decided to shift my attention to HIVE. I think I will stop with the 26,350 CTP Power.
As for other Hive Engine tokens, you can see the progress in the table below. I made my last report more than a month ago.
| Names | Previous | Current | Token Increase | % Growth | 2023 Goal |
|---|---|---|---|---|---|
| HP | 1,901 | 2,103 | 202 | 10.62% | 5,000 |
| SPS | 4,047 | 5,146 | 1,099 | 27.15% | 10,000 |
| LEO | 2,006 | 2,606 | 600 | 29.91% | 5,000 |
| SME | 420,092 | 529,427 | 109,335 | 26.02% | 2,000,000 |
| CTP | 26,302 | 32,601 | 6,299 | 23.94% | 60,000 |
| WOO | 32,081 | 45,730 | 13,649 | 42.54% | 100,000 |
| GLX | 624.94 | 1,180 | 555.06 | 88.81% | 10,000 |
I achieve more than 50% of my SPS goal. Once the 10,000 goal has been achieved, all SPS staking rewards will go to HIVE.
The same thing to LEO, once I achieve the CUB status with 5,000 LEO Power, all LEO that I will earn will go to HIVE.
Same as SPS, I am more than halfway through my 1M SME goal. Once I reach that, all SME rewards will go to HIVE.
As already mentioned, my CTP stake is enough. All CTP rewards from now on will go to HIVE.
As for WOO, my goal is 100,000. Once done, all WOO will be converted to HIVE.
Lastly, I am impressed with GLX's performance. It grew by 88.81%. Once I achieve that 10,000 goal, all GLX rewards will go to HIVE.
And so that's my plan to achieve my Dolphin status. I will use my monthly savings; will focus on curation activity, and, I will utilize Hive Engine tokens to grow my HIVE Power (HP).
Thanks for your time!