MAXUV Weekly Statement & News - 15 September 2019
Welcome to our weekly MAXUV account statement.
The Steem environment remains challenging but there are some glimmers of hope.
We have been able to increase our voting SP for the first time in some days; this is on top of the organic income from rewards. Our total SP is now about 21,844 STEEM and we are able to deliver, on average, 191% of daily upvote value in 2 posts.
Our first aim is to keep the returns to token-holders steady at 200% for 2 posts, while at the same time decreasing out voting weight as the SP rises. Then at some point there will be a major flip to upvoting just one post with increased weighting. This is all done behind the scenes, but really requires that our SP increases substantially from where we are.
These MAXUV upvotes have been designed to give authors an extra edge as they see their rewards declining. It is important to keep posting and to keep generating income as the STEEM earnt now will, hopefully, increase in value in the future, but it must be earnt now, waiting for that future is too late as the rewards in STEEM are fairly stable.
Actually, the rewards in STEEM are less stable since HF21 but can still be calculated as averages. Everyone now really needs to keep some kind of spreadsheet to monitor their rewards, and make sure to convert to STEEM otherwise you will see spikes up and down due to the Dollar conversion, but this does not reflect Steem's "earning power", it merely reflects its cash-out rate. The latter is, of course, important but only when deciding to cash out, not when deciding how to earn.
Our asset base value (ABV) has increased slightly; as MAXUV is a vote-bond, this figure is less important, so long as it stays close to 1 STEEM. This value will move quite slowly as our tokens are valued at 1 STEEM, but as rewards come in, there will be a time when it will move above 1 STEEM and at that point we will consider moving up slightly our token price. All of this is likely to be some weeks away. I have, however, placed some MAXUV tokens for sale at our ABV of 97 STEEM cents to entice new users!
A reminder that the whole aim of MAXUV is to deliver upvotes that are larger than can be possible for an individual's own SP. Our target is to deliver 150-200% of a day's upvotes in one vote. We are currently delivering 191% in two votes, so almost double a day's returns if one posts at least twice per day.
Remember that these target values are not affected by HF21 as they are relative to one's SP, so although many rewards have dropped in STEEM terms, the relative size of our votes remains the same.
Also worth a reminder that what we are voting with is your money - there are no fees involved and you can sell your tokens at any time. We have our own investment in the program so that it is able to be effective at the start. Especially under HF21, combining resources is the most effective way to maximise your own rewards.
So, think about how to align your aims with how the blockchain now works and you may hopefully be both happier and wealthier.
The MAXUV headline figures are:
MAXUV tokens active = 8,093 (max 20,000)
SP in MAXUV = 6,844
Voting SP = 21,844
Other STEEM = 944
Total STEEM = 7,788
MAXUV ABV = 0.971 STEEM
MAXUV VV/STEEM = 191.0% in 2 votes per day
Note that "Other STEEM" is the sum of all holdings not powered up as SP: liquid STEEM and SBD plus holdings within Steem Engine. Also note that such 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 @MAXUV account.
The Asset Backed Value (ABV) is our total holdings calculated in STEEM divided by the number of active MAXUV tokens.
Target value for VVS is 150-200% in 1 upvote per day.
Full details of how the MAXUV token operates can be found at our launch document.
Any questions, please ask in the comments below or in our public chatroom.
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ONECENT: The First Strategic Token Investment Game (STIG)
