Well said @lukestokes, I think most cryptocurrencies/projects always come down to the perception of freedom and representation of something that's different which is why the community has its own unspoken rules such as no pre-mining, no pre-distribution of tokens and etc. Whales accumulating liquidity reward by not even providing tight liquidity is something that would hurt the ecosystem in the long term especially for late-comers to come to realization that how 1% holds 99% of the STEEM (exaggeration here but you guys get my idea).
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The lack of manipulation for this particular cryptocurrency being a social promotion environment with this platform is critical to the success long-term.