MAP Rewarder: MAPR Payouts to Delegators and Price Increase for Token-Holders for 30 Mar 2020 (16.3% APR, 17.6% APY)

in crypto •  2 months ago 

This is a copy of a post made on Steem, for the benefit of our members on Hive. MAPR will launch on Hive, with an airdrop, as soon as Hive-Engine is operational.

Earn significant passive income with STEEM without locking SP by investing in MAPR tokens.

This week's distributed profits are 0.312%, equivalent to 16.3% APR and 17.6% APY.

This is higher than most individuals can earn from vesting their own STEEM.

There is a lot of information to get through today, so please read the News below very carefully.

Remember that MAPR has a unique distribution and pricing system. If you look at the MAPR tokens you, as delegator, have received today, multiply that number by the new official BUY Price and you get the same amount in STEEM as you would have done under the old system of just paying out STEEM transfers.

Token-holders receive no token distribution, unless they are also delegators. Their profit comes in the token price increase.

The added bonus is that if you don't sell this week's tokens, then next week their value will rise to at least the new BUY Price. This is how the token allows compounding of profits, for both delegators and token-holders.

Using the language of investment trusts, delegators hold "income" stakes where the "interest" is paid out in tokens, whereas token-holders have "capital" stakes where the profit is added to the token price.

A reminder that new delegations start to earn 2 days after the day of delegation. This means that the first week's payout will be lower than for a 7-day week. Also, as payouts are done on Mondays, delegating on a Saturday or Sunday will yield no distribution till the following week. This has always been in place and is to avoid people trying to game the distribution. The positive part is that there is no unstaking period for the tokens, merely the standard waiting time for undelegating.

MAPR: The Numbers

All these numbers relate to a 7-day period (Monday to Sunday) and calculated in STEEM per SP.

Value of Steem upvotes = APR 23.1% [1a], 13.1% [1b], 12.7% [1c]

Value of Steem author rewards payouts = APR 11.5% [2a], 6.5% [2b], 6.3% [2c]

Distributed MAPR payouts = 0.312% (APR 16.3%) [3]
Projected Compounded APY 17.6% [4]

MAPR BUY Price: 1.13056 STEEM [5]
MAPR SELL Price: 2.00 STEEM [6] (price fixed until MAPR-Hive airdrop)

[1] Theoretical maximum value of Steem upvotes, assuming 10 full upvotes at 100% power for 7 days, averaged over 7 days and expressed as an APR. This calculation was performed for an SP of 1 million STEEM to be as close as possible to linearity. Your own upvote will be somewhere between 50-100% of this value.
The values are now calculated for three levels of voting power: 1 million SP (a); 10,000 SP (b); and 1,000 SP (c).
[2] Theoretical value of Steem upvote author rewards, assuming 50% curation rewards, 50-50 split of post payouts and SBD print rate, averaged over 7 days and expressed as an APR. Your own author rewards will be somewhere between 50-100% of this value.
[3] MAP Rewarder distributed payout sent to delegators this week as tokens and the MAPR price adjusted to reflect this.
[4] Equivalent compounded yield as an APY for this week's distribution in [3].
[5] Our BUY price is the price you may sell your MAPR tokens such that their value in STEEM is the same as if this week's distribution was done by direct STEEM transfer.
[6] Our SELL price is about 1% above the BUY price.

Our MAPR distribution [3] is much higher than the average blockchain author rewards [2].

Our payout [3] is now significantly higher than most users can achieve [2a, b & c]


higher than most users can even generate with a full vote [1b, 1c].

Profits will be paid today in the new MAPR tokens.


As I predicted last week, our fabulous earnings then were largely due to income generated the previous week from a larger delegation base. We have now come back to the 16% range, which is still very good considering that leases are currently maxing at 10% APR.

This is also within the context of unpredictable down-time of the Steem blockchain and APIs. The downtrend in terms of rshares activity continues, hence the theoretical earning potential on Steem continues to increase. However, as mentioned many times, such a growing reward pool is only potentially profitable if there are also enough posts being voted on by other accounts. This may change, but it may do so slowly.

Note that the buy price of MAPR tokens has been raised to 2 STEEM during this transition phase. That price will drop back down once we have set up a MAPR-Hive and done an airdrop to current token-holders. It also means the current market can continue to function and, given the airdrop and price differentials, it may even be worth the 2 STEEM price.

We still wait for Hive-Engine to be operational and then will announce the airdrop process.

If you hold any other MAP FinTech token, please read the most recent posts for instructions: MAPX and MAPXV are winding down but MAXUV shall continue to operate.

And finally, although our weekly returns are variable, here is a graph of how we have been performing since the MAPR token was launched. (Thanks to @gerber for the discord-bot.)

MAP Rewarder, without the token, has been in operation some 24 months, so you can extrapolate back from that graph to get an idea of our returns to members. We celebrated 2 years of operations at the start of February.

This graph is a record of actual transactions on the Steem Engine exchange so it can, in practise, deviate from this apparently-straight line. This can happen if there are large buyers or sellers that can use up all the tokens at a particular price-point. At the moment, we are largely seeing buy-and-hold trades and the market behaves more like a shop than an exchange. So this is just a reminder that it is a marketplace and you can leave open orders to either buy below our own current price, or sell slightly above it.

See you next week!

Next rewards distribution will be on Monday 6 April.

Building Steem's Fintech





Plus Some Serious Funtech

ONECENT: The First Strategic Token Investment Game (STIG)



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Bang, even on HIVE I did it again... I just rehived your post!
Sorry, no beers or deranged or trdo yet... waiting on steem-engine to make the move to HIVE...
Check my last update here