MAP FinTech - M Token Distribution to Delegators and Price Increase - 4 October 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 to increase their value this week.
M News
As promised last week, we have been able to increase our buyback price today by a further 0.1 cents. However, actual income has dropped a little, in line with the Hive blockchain yield - yet again. We are still doing well compared to such benchmarks, but there are more lucrative opportunities elsewhere.
As I mentioned last week, this is the last distribution to any delegators who have less than 100 HP delegated. It's a short list, but here they are tagged so that they may act:
@englishtchrivy @kerlund74 @wandrnrose7 @rayshiuimages @china.mobile @kizumo @davidesimoncini @funzies @sgbonus @uday20 @roselyn028 @networker5 @khamen @devyleona @elizacheng @g10a @khan.dayyanz
The next milestone will be when we reach a price of 0.96 HIVE per M token. At that point, that will be the last distribution to all other delegators. It should take maybe 4 more weeks. In the meantime, the program will continue as normal, although larger power-downs have been initiated to cater for any extra token sales.
There isn't some fanciful numerological reason for 96, but it does give the fund a few more weeks to itself undelegate and liquidate certain holdings, and generally wind down in an orderly manner. Those of you who have invested in other past tokens, will recall that it can all be quite painless - with a bit of patience.
No further new delegations shall be accepted.
We continue to navigate through a volatile period. It remains interesting to see that what may be good for HIVE need not always be so good for the tokens priced in HIVE.
The Numbers
Distribution to delegators = 0.189% = 9.84% APR
Buyback price = 0.9560 HIVE (+0.001) = +5.6% APY
Hive gross actual vote = 19.3% APR (-0.2) Hive net author rewards = 8.6% APR (-0.7) Dlease Hive lease max = 13.0% APR (+3.0)
The Hive vote estimates are calculated based on the average weekly prices. The "gross actual vote" is now calculated based on our HP and is the same as the old "gross linear vote", that we have now removed; the "net author rewards" estimates the payouts adjusted for HBD and assuming a "gross actual vote".
Minimum delegation is 100 HP. Changes in delegation, including new ones, start earning rewards after 2 days. Existing delegators under 100 HP who change their delegation must then conform to the new minimum or forfeit earnings.
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.
The story of M:
Have a fine week!
Any questions, please ask in the comments below or in our public chatroom.
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