MAPX Token Weekly Profit Statement & News - 15 March 2020 [MAP Steem FinTech]
Welcome to this week's review.
This is a turbulent time for the Steem blockchain and the STEEM market price. But it has been heartening to see the price of MAPX, and the amount staked, pretty stable this week.
We continue to increase our SP, even though the total value of all holdings has dropped a fraction, this is due to some more token markdowns in price.
The MAPX token account now holds only about 300 tokens, so it is very much a free market. If you are waiting for the price to drop, I would suggest looking at MAPXV as an alternative with a market price well below par.
On the positive side for existing token-holders, the vote-values have crept up a bit as the market price is coming back down towards our ABV.
We now have a new voter working for MAPX, and I hope that nobody has noticed! One thing that is a bit fiddly is changing the votes from a single to a double vote, so we shall stop giving out bonus double upvotes. Instead, we shall have an extra member prize of TRENDO token comments.
New ADDAX Game Round 3 has started!
Note that the TULIP Mania Game has now finished! Round 4 will start soon.
Also, MAXUV tokens being given as prizes in this Fourth Nonsense Writing Contest
My contribution to the current Steem-Tron saga is my Proposal for NEW DPOS for Steem Decentralised Governance. The aim is to change the current tesne stand-off into a winless position for all side, hence we can discuss permanent solutions without threats (whether real or potential) from either side.
Many people have their own ideas, some even have merit, but they generally require deep changes to the code and we really don't have the time for that.
If we make no changes, I expect a new round of antagonistic actions.
Have a fine week!
What is MAPX?
MAPX was our first "vote bond" in the MAP FinTech family of programs. It is designed to deliver a 0.1% upvote per token held, with a maximum holding of 1000 tokens. The fund has a total of just 10,000 tokens available. MAPX token holders also benefit from profits being compounded into SP so that the token price should slowly rise.
MAPX is thus designed like a bond in that "interest" is earnt as upvotes, plus each token is backed by STEEM so that the capital value slowly increases in line with our fund. MAPX is managed by the same team as MAPR, which has been distributing profits to Steemians for 22 months.
As MAPX tokens have nearly sold out, we would encourage new members to consider the open-ended token @MAXUV.
And... here are a few prizes:
Winners of TRENDO tokens are... @honoru and @mariannewest.
Prizes last for at least 10 days and TRENDO tokens are subject to supply.
Note that the random draw is done from the top 100 MAPX token holders. If you are outside this top 100, then your name will not appear in the draw. At the moment, this means having at least 2 MAPX tokens to be safe.
Please note that I always qualify any forward predictions as they are subject to technical issues such as the proper functioning of the blockchain and our own algorithms.
The headline figures are:
MAPX tokens active = 9720 (8283 staked) SP in @MAP10K = 10,201 Mining SP = none Other STEEM = 982 Total STEEM = 11183 Total Income = 25.40 Fee = 2.54 Total STEEM carried down = 11180
MAPX ABV = 1.15 STEEM MAPX VV/STEEM = 1.13 MAPX VV/Token = 0.90
Note that "Other STEEM" is the sum of all holdings not powered up as SP: liquid STEEM and SBD plus holdings within Steem Engine to maintain market liquidity plus some investments; we also now have stakes in MAPR, PAL and LEO, and some others, and receive rewards from them. Also note that values are volatile, especially any holdings priced in US$, so the above numbers are a snapshot and may have changed when you look at the @MAP10K account.
Income includes rewards and token trading profits but excludes token sales.
The Asset Backed Value (ABV) is our total holdings calculated in STEEM divided by the number of active MAPX tokens, whether staked or unstaked. This shall be used as the lowest price we offer MAPX tokens on the Steem Engine market.
If VVS > 1.0, then MAPX stake-holders are getting upvotes of greater value than the par 0.1% per token.
If VVT > 1.0, then MAPX tokens are under-priced on the market and good value to buy.
Full details of how the MAPX token operates can be found at New MAPX Token for Upvotes and Value Growth.
Any questions, please ask in the comments below.
Building Steem's Fintech
[BUY MAXUV] - [READ MAXUV]
[BUY MAPR] - [READ MAP REWARDER]
[BUY MAPXV] - [READ MAPXV]
Plus Some Serious Funtech
ONECENT: The First Strategic Token Investment Game (STIG)
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