The Proper Steem Engine Tokens Marketcap? Who is on the top?

There are now more than 600 tokens registered on the Steem Engine platform. Its has been less than a year since Steem Engine started operating. Wow, just wow, 600 tokens!

Now, a lot of these tokens are just a test tokens, or something to play with. But if only 1% of them manage to do something we will have 6 working projects. Better than nothing.

With all these tokens around how do you classified them? How do you rank them?

Well the standard way, the way that coinmarketcap.com is working is the marketcap of the tokens.
If you go on Steem Engine web and rank the tokens according to the marketcap you will get something like this.

Not a lot of those tokens are known. That’s way usually when you go to the tokens tab, the tokens are represented according to their daily trading volume.

I had a fun exercise and decided to make a SE Tokens marketcap that will be at some decent level.

The main problem is no volume. Tokens with no volume or very small volume can be easily manipulated. Or even if they are not manipulated, but just standing there, if someone made a trade on them, that price will be recorded as a last trading price and it will influence the marketcap.

For example, a token created with 1 M supply and traded only once for one dollar will have 1 M marketcap. The high marketcap of the tokens comes from the main accounts holdings, and no or very small volume.

Even for the more relevant tokens with more accounts holding the token and some volume, if we exclude the admin accounts their marketcap will go down.

The method I used here for creating the SE Marketcap is exclude the tokens with no or very small volumes and high concentration (or absolute in some cases). Some other tokens with suspension activities were also excluded.

I want to note that this is in no way an exact representation of the situation and it can be errors and mistakes. I just tried to do it a bit less mistaken than the Marketcap ranking on SE.

Here is the table for the top 25 tokens ranked by marketcap according to my adjustments

No	Token Symbol	Token Name	Marketcap	Price $	Supply
1	SCT	SteemCoinpan token	687,875	0.2060	3,339,197
2	ENG	Steem Engine Token	498,732	0.1300	3,836,400
3	BETA	Steem Monsters Beta Pack	235,914	2.5600	92,154
4	JJM	jjangjjangman	166,716	0.0712	*2,342,831
5	CCC	Creative Coin Crypto	160,948	0.0027	60,735,147
6	JAHM	JAHM Token	159,549	0.0061	26,328,204
7	AAA	TRIPLE A	158,378	0.0013	119,983,696
8	SPORTS	Sports Talk Social	157,335	0.0001	*1,311,121,539
9	LEO	LEO	116,831	0.0288	4,059,462
10	WEED	WeedCash	91,140	0.0022	41,999,964
11	PAL	PALcoin	83,204	0.0053	15,698,790
12	DEC	Dark Energy Crystals	80,865	0.0009	91,892,476
13	RORS	Road Of Rich STEEM	76,675	0.0007	*114,440,471
14	LASSECASH	LASSECASH	75,088	0.0024	30,900,522
15	ZZAN	Steemzzang Token	74,093	0.0058	12,708,932
16	AFITX	Actifit X Token	67,499	2.2500	30,000
17	ALPHA	Steem Monsters Alpha Pack	55,279	6.0600	9,122
18	CK	Contest Kings	47,216	0.4540	*104,000
19	LOTUS	Lotus Coin	45,457	0.0030	15,002,247
20	NEOXAG	Neoxian Silver	33,994	0.0036	9,390,670
21	PORN	Dporn Token	25,764	0.0080	3,220,506
22	GG	Good Game Token	17,109	0.0030	5,665,153
23	SPT	Splintertalk	17,079	0.0007	26,275,473
24	SPI	SteemPower Investments	12,608	0.1850	*68,150
25	STEM	STEM	11,730	0.0038	3,103,181

The tokens with the asterix (*) in the supply have adjusted supply, meaning the top holder/s holdings are excluded from the supply. The mining tokens are not included, and the pegged ones as well.

Again, this representation is false and have mistakes in it, but a bit less mistakes than the ranking by marketcap on SE.

Here I want to mention tokens like SMTT (Steem Monsters Team Token), APX (APPIX), STEEMSPEAK and OracleD, that are all known and established projects but are not in the list above because they have special status at the moment. SMTT for example represents Security token representing equity ownership in Steem Monsters Corporation.

All the best
@dalz