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How To Calculate Hivebuzz Ranks For Hive-Engine Tokens

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@nickyhavey
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The Fun Never Stops

A few weeks ago, I posted a two-step calculation you need to do to work out how much HIVE you need to stake to get to the various levels like minnow, dolphin, orca and whale according to the @hivebuzz notifications. So the next step in my fun mind is, how the Dickens do we calculate the same thing for the various Hive-Engine tokens out there?

I had to do a lot of digging to try and find out as I seem to remember reading about it in some far away blog on @minnowsupport but I couldn't find it. Then I remembered a conversation I had with @chekohler a while back and think I managed to find a possible way of doing it.

I'm not a financial advisor and this is not financial advice


Glorious Calculations

In my previous post, the two equations needed to work out the HIVE Power for each rank are as follows:

Equation 1: Vest Conversion = Current Vest Amount From Hivebuzz / Current HP From Wallet

Equation 2: Hive Power Needed = Required Vests / Vest Conversion Factor

To recap, vests are like internet bandwidth and make up an accounts ability to interact on HIVE (the more you have, the more you can do here).

But, we need to somehow intermingle these two equations and relate them to Hive-Engine tokens, which requires a couple of additional things - the total supply of the token you're interested in and the total supply of HIVE. This will give you the "Hive-Engine Token Conversion Factor", which you need to work out what your equivalent HIVE Power is.

Hive-Engine Token Conversion Factor = Total Supply of Token / Total Supply of HIVE


Let Stake Leo As An Example

Did you see what I did there?!

The total supply of the token can be found on your Hive-Engine wallet - click the "i" button to bring up this box and look at the "total supply":

The total supply of HIVE can be found on Hive Block Explorer by going down to "virtual supply" (I think this is the total supply):

Therefore our Hive-Engine Token Conversion Factor (at time of writing) is as follows:

6,181,000 / 407,789,758 = 0.015

You'd then need to divide your own staked token amount by this conversion factor to work out your "equivalent HIVE Power (HPe)"

395 / 0.015 = 26,333 HPe

As of 29th October 2020, the following HIVE Power is needed for each rank from my calculations earlier in the blog:

52.065 HP = Redfish 520.65 HP = Minnow 5,206 HP = Dolphin 52,065 HP = Orca 520,650 HP = Whale

And so, I'm a Leo Dolphin as I have 26,333 HPe - work to do still!


The Full Equation

Hello? Are you still with me?! Haha!

OK, so here's the full step by step process on how to work out the amount of Hive Engine tokens you need to stake to get to the various hivebuzz ranks we've come to know and love.

Step 1 - Calculate Hive-Engine Token Conversion Factor

Hive-Engine Token Conversion Factor = Total Supply of Token / Total Supply of HIVE

Step 2 - Calculate Hive Power Equivalent (HPe)

HPe = Staked Token Amount / Hive-Engine Token Conversion Factor

Step 3 - Calculate Hive Power Needed For Each Hivebuzz Rank

Equation 1: Vest Conversion = Current Vest Amount From Hivebuzz / Current HP From Wallet

Equation 2: Hive Power Needed = Required Vests / Vest Conversion Factor


Why Do This?

Well, in my view, these various tokens are going to be the future of any niche community on HIVE and you may want to know how much you need to invest to get to various "levels" with that community's token. Ok, the calculations can probably be made simpler and automated by chucking them in a spreadsheet but this is the simplest way I found and just worked it out via the highly technical "back of a napkin" method!

For me, I'd like to know how to calculate what I will need to spend to get to the various levels of the tokens I'm buying up, otherwise there's just no end goal with it and you'll be forever chasing. I like having a target so I'm gonna go for it!

What about you? Have you got any targets with the various Hive-Engine tokens? Does your head hurt with all this? Haha! Let me know in the comments below and hope you found this useful!

Nicky

Posted Using LeoFinance Beta