MAXUV Weekly Statement & Token Distribution - 5 July 2020 [MAP Steem FinTech]

Welcome to our weekly MAXUV account statement.

Our hybrid votes-and-rewards model seems to be working well, with total income significantly higher than anything else I've seen.

The new data presented below has been posted for a few weeks now, so I'd like from next week to just write about any highlights, rather than talking through every number.

This week has seen another modest drop in both active tokens and capital. This means our ABV remains flat, or a touch lower, at 0.55 STEEM, but our total returns remain an astonishing 51% APR!

We keep enough reserves to satisfy normal weekly token sales. This itself is a matter of management, as a huge reserve means the fund isn't earning anything, so any larger sales need to be patient or hope another buyer comes to market.

So, let me walk through the numbers for the last time; I shall show below the estimates for both the gross returns and net returns, assuming 50% author rewards.

Just to show you the difference it makes: this week our gross rewards going out come to about 51.0% APR, but adjusted for the net author rewards it comes to 31.3% APR. Still great, but not astronomical. Indeed, this is actually still higher than a self-vote with the same SP. I shall publish both figures for a few weeks and see if members respond with their preference. The Net value is more than half the Gross value because the income and reward distributions remain unaffected.

A reminder from previous posts, that the voting will remain at 100% for 2,000 tokens, but the capital limit has been raised to 5,000 tokens for a share in the weekly rewards.

This is really good value in a market where delegation leases are at about 19% APR, and even then you'd need to delegate at least 1,000 SP. I know that many members will experience fluctuating returns on votes but that is largely due to the non-linear nature of the new reward curve. However, the reward distributions are proportional to the tokens held and make up for this.

One thing that is becoming clear, however, is that our ABV will not be reaching the 90-cent level any time soon. I was perhaps overly generous in the token swaps we did for MAPX and MAPXV tokens, in the sense that the prices were set given the total holdings at the time, and some of the tokens have pretty much evaporated in value. There is nothing I can do about this now, so just enjoy the earnings and watch the ABV rise slowly.

The difference between MAXUV and MAPR is that MAXUV will have no delegators and will be paying out in MAXUV tokens whereas MAPR does accept delegators, pays out in tokens to auto-compound but does not give upvotes nor measures posting activity.

I hope these two programs will help members achieve greater rewards from both staking and posting.

Enjoy your week!

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The MAXUV headline figures are:

MAXUV tokens active = 30,310
SP in MAXUV = 15,310
Voting SP = 24,284
Other STEEM = 1170
Total STEEM = 16,480

MAXUV ABV = 0.55 STEEM

Estimated Gross Earnings = 9.80 STEEM per 1000 MAXUV = 51.0% APR
(9.80 = 7.56 votes + 2.24 income)
Estimated Net Earnings = 6.02 STEEM per 1000 MAXUV = 31.3% APR
(5.99 = 3.78 votes + 2.24 income)

Total MAXUV Distribution = 68.0 STEEM

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.

Full details of how the MAXUV token operates can be found at our launch document, although there have been tweaks and updates since.

Any questions, please ask in the comments below or in our public chatroom.

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