The majority of new people that start on Steemit start with delegated power. Just enough so they can make transactions on the block. These accounts with very little power are know as Redfish, whereas accounts with a lot of STEEM Power are known as whales.
Redfish have a lot of things to deal with when they start on Steemit. First there is the learning curve, even the terminology of Redfish and Whales is new to some, let along getting your head around STEEM, STEEM Power, SBD and Vests. And that’s all before trying to understand what is and is not acceptable, let alone creating and curating content.
Redfish have Steem Power of less than 500. After this you then become known as a Minnow. It’s a huge challenge and milestone for many to reach that 500 Steem Power mark. It can be hard to stay consistent, learn and work under the current bloodbath of the crypto prices. But this is the perfect time for redfish, and everyone else to accumulate and grow their Steem Power Holding.
One of the challenges I have found is changing the mindset of many redfish from short term thinking about their activity and earnings on steemit to a longer-term plan. It’s in everyone’s favour for people to grow their SP. Some of the personal benefits include:
• Higher SP = higher vote value
• Higher vote value = you can reach more people
• Higher SP = more people interested in networking with you
• Higher SP = proof of long term vision
• Higher SP = greater chance of support from larger accounts
Introducing The Redfish Power Up League and Wall of Fame
To help redfish reach their milestone allow me introduce The Redfish Power Up League and Wall of Fame
The aim of this challenge is to grow your own SP to 500. The challenge is to come top of the leader board and then graduate and be place on the Redfish Graduates Wall of Fame. Every Week I will post a leader board like the sample below.
When a Redfish joins the league the owned STEEM Power(SP) on date of joining will be recorded. Every week I will then capture the current owned SP and calculate the % increase to date. The final column in the table is what will rank people. This is the average weekly % increase in SP and is calculated by taking the % increase since joining the league (% increase to date) and dividing it by the number of weeks the participant has been in the league.
This initiative is aimed at helping Redfish grow their accounts which in the long run will help the Steemit platform. I hope this will compliment other Redfish initiatives as I know there are many others also helping in this space.
The Wall of Fame
Once you become a Minnow your success will be celebrated and you will be removed from the Redfish weekly leader board and added to the Wall of Fame when you graduated. All Wall of Fame minnows will be given Steembasicincome units as a graduation prize.
Why you should enter
For the fun. To meet new people. To engage with others, you would not normally have the chance to engage with. For the healthy competition. To watch your growth and give motivation. To be seen on the Wall of Fame. To win steembasicincome units.
How to enter and rules
To enter the Redfish Power Up League all you have to do is comment in any of the Redfish Power Up League posts saying you want to be included and the following week I will add you to the data. Its opt in only and those will remain unless they asked to be removed.
To enter you must (edit)
have total holding SP (owned and delegated in and out) have a total of less than 400 owned SP – I know that redfish have an SP of less than 500 however it would be too easy to make it to the Wall of Fame if I allowed entrants start with a higher SP than 400.
There are two ways to increase your SP. Power up STEEM or get delegation. Delegated SP will be excluded and we will be working from owned SP values only. I will be using Steemsql to gather the data.
These rules are not fixed and may change over time, Your feedback is welcome
How to earn STEEM to Power UP
I mentioned above that only owned SP will be included. To own SP you must power up STEEM. STEEM can be earned from posting, trading earned SBD on the internal or external markets, in contests and even by purchasing STEEM on the open market and transferring to Steemit and powering up.
How you can help
Please resteem this post. That’s the easiest way everyone can help. It will help us reach more people and grow steemit together.
We all have to start somewhere and I will be funding the Wall of Fame myself. All upvotes will count and go towards the prizes. You could also help by sponsoring a Steembasicincome unit spot on the Wall of Fame, please contact me on discord if you would like to be a sponsor.
@steemcommunity is a witness project from myself and @abh12345. There are many good witnesses out there and doing your research is important. I hope you will take the time to read our witness introduction post and consider us as one of your steemit witnesses