Whale

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The term "Whale" was originally used to describe a wealthy Bitcoin trader who has an influence on the market. It then became a widely used term for any wealthy cryptocurrency trader.[1]

Whale refers to a steemit.com user who has built up a large amount of Steem Power and thus, their influence over aspects of the website steemit.com such as voting power and payouts are quite extensive, especially when compared with new users. Overall, Whales also appear to have higher reputations (ie. over 70). Typically, Whales have been a part of Steemit.com or, involved in STEEM for a much longer period than most.

The Steem Witness @abit in a Steemit post published in March 2017 defined that Whales and whale-like groups are those who have more than 800M VESTS in total, or around 384K SP in total. In the same post he explained the math behind this calculation and finished with a conclusion: with greater power comes greater responsibility.[2]

In the Steem Ecosystem there are site like Steem Whales where is possible to see rankings of top steemians by STEEM Power (SP), reputation, Estimated Account Value, etc. In August 2016, @blueorgy lauched the Catch a Whale as a tool that uses the power of activity analytics to potentially get more upvotes from Whales (inactive in July 2017).[3]


References

  1. What is a Bitcoin Whale? Written by Venzen Khaosan in Cryptocoins News, retrieved in 7/5/2017
  2. Definition of a Whale and a whale-like group and the Math Behind Written by @abit in Steemit in March 2017
  3. (catchawhale.com) Steemit Tool that uses the power of activity analytics to potentially get you more upvotes from Whales! Written by @blueorgy in Steemit in July 2016

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