My apologies for this late response. I still haven't fully figured out Steemit totally. Well, because it helps eliminate whales from buying up a very large portion in a short period of time, then dumping it on the exchange for a high price, driving the price down, only to buy back much cheaper, doubling and even tripling there original holdings.
Now, more than 1 whale perform can perform this technique. At least with a 1 year ICO, they cannot perform such a thing. They cannot manipulate the price as easily. That is why...