The LARYNX tokens have been available for Hivers to claim it since March 2022. It is distributed to Hive holders via 12 months airdrop. Each month users can claim it.
Starting from August a small amount of SPK tokens started to be distributed to account that powered it up or locked as node operators. This has increased the overall participation in the network from users.
The more techy users can run a node for the claim node where the data is stored for the token. Node runners need locked LARYNX to be in the top validators for the transactions and earn fees in for of the LARYNX token.
The ones who don’t run nodes can delegate their tokens to node operators and start earning small amount of the main governance token SPK. The way it works is that both, the delegators and node operators earn a small amount of SPK.
A note that the SPK rewards at this stage are small. Don’t except to earn a lot when delegating the LARYNX tokens. I’m personally running a claim node and you can delegate LARYNX to me or some of the other node operators on the link https://vue.dlux.io/me#wallet/.
With this said let’s take a look at some LARYNX data.
We will be looking at:
- Number of accounts claiming LARYNX per day
- Number of accounts claiming LARYNX per month
- Daily locked LARYNX tokens
- Cumulative locked LARYNX
- Top accounts that locked LARYNX
The period that we will be looking at is from March to November 2022.
Number Of Accounts Claiming LARYNX Per Day
Here is the chart.
We can notice that the usually at the start of the month there is a spike in the number of accounts claiming. This is due to the fact that users can claim once per month, and as we can see a lot of them are doing it at the first of the month.
When the claiming become available first in March 2022, there was more than 1200 accounts that claimed on the first day and approximately the same amount on the second day. Since then we can see a downtrend for the first of each month up until August. Since August there is an uptrend in the numbers of accounts claiming.
On a monthly basis the chart looks like this.
This chart shows a clearer picture. A record high in March, then a drop until August and a growth in the last two months.
October has seen a record high number in accounts claiming, with almost 4.5k accounts claiming the token.
A total of 9.1k accounts have claimed LARYNX token.
I was not able to get data of the claimed tokens per day/month, but until today there is a total of 52M claimed tokens for a period of eight months. This is an average of 6.8M LARYNX tokens claimed monthly, and if we extrapolate for one year, that would be around 80M projection for total claimed LARYNX.
If we take in consideration that the available supply of HIVE was around 370M at the moment of snapshot in January 2022, this will be around 22% claimed tokens share. Its quite a low percentage that will leave a lot of unclaimed tokens that the community will later need to decided how to distribute or burn some of them.
Daily Locked LARYNX Tokens For Governance
Here is the chart for daily locked LARYNX.
The chart includes both powered up and locked LARYNX. The accounts that are running a node can lock the token (white) and the accounts that are not running nodes are powering up (orange) and then delegating to node operators.
We can see that there is a huge spike in the amount of tokens powered up in August when the option became available. The amount of powered up tokens is now surpassing the amount of locked tokens by node operators, as there is more users who are powering up and delegating.
Cumulative Powered/Locked LARYNX For Governance
Here is the chart.
More than 18M LARYNX is powered/locked for governance.
This represents a 35% share from the total of 51M claimed tokens.
We can clearly see the uptrend starting from August when the option to power up was introduced and small rewards in SPK as incentives.
Top Accounts That Powered/Locked LARYNX
Here are the top accounts that powered/locked LARYNX.
Quite nice distribution :).
The @thecallmedan dedicated account for LARYNX @tcmd-spkcc is on the top with more than 1M tokens followed very closely by @blocktrades. Next is @encrypt3dbr0k3r who is also above 1M, but is not running a node and is delegating to node operators.
As we can see from the above the number of accounts claiming LARYNX has been significant with 3k to 4k accounts claiming monthly and cumulative 9k accounts. The more owners the token has the better the distribution and the overall tokenomics. On the other hand, the amount of tokens claimed from the available is relatively low with 22% share atm. This means that there are whale accounts that are not into LARYNX and not claiming the token. The exchange accounts are expected to leave behind some tokens, but there are other large accounts that are not claiming.
Starting from August the amount of powered up LARYNX has increased significantly with the SPK rewards going live. The top holders have around 1M tokens powered/locked. The overall distribution seem quite nice at the moment and its reaching almost 10k accounts.
Small first steps for the SPK ecosystem but slowly it is taking shape. The task that system is trying to solve is one of the biggest challenges for decentralized online content.
All the best
@dalz