MAP FinTech - M Token Distribution to Delegators and Price Increase - 1 February 2021
Our weekly report for both delegators and token-holders of M.
Delegators have received their token distribution and token-holders see the price rise a significant amount.
M News
A fairly good week, with reward distribution flat on last week.
The price increase is the equivalent of 12.0% APY, with the distro coming in at 15.0% APR.
the big news is that HBD has spiked to about $1.50; this makeslittle difference to the yield of a vote as calculated, but obviously makes a big difference to the author-rewards. We hope to see this manifest in next week's figures.
Third party income remains good, although I see DCity is undergoing a price stumble, so that may affect next week's yield. However, our NAV remains some 6% above the buyback price precisely as an insurance against anything catastrophic.
DCity earnings are, indeed, down but we have other sources of income too. The modest diversification means we are not wholly reliant on the voting economy.
The Numbers
Distribution to delegators = 0.287% = 15.0% APR
Buyback price = 0.922 HIVE (+0.002) = +12.0% APY
Hive gross actual vote = 15.3% APR Hive gross linear vote = 24.2% APR
The Hive vote estimates are calculated based on the average weekly prices. The "gross actual vote" is calculated based on our HP; the "gross linear vote" is calculated based on a stake of 1 million HIVE and hence approximates to the reward curve's linear asymptote.
The buyback price increase is shown as an APY because members are automatically compounding their tokens, whereas the distribution uses an APR value as that reflects the delegation income. Older-style info can be seen in our last post using the old format. The new format is explained in more detail here.
Have a fine week!
Any questions, please ask in the comments below or in our public chatroom.
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