MAP Rewarder: MAPR Payouts to Delegators and Price Increase for Token-Holders for 2 Dec 2019 (18.0% APR)

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

This week's distributed profits are 0.346%, equivalent to 18.0% APR.

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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.

Also to note, new delegations start to earn after 2 days have elapsed, so that the first distribution may well be lower than future ones. This is a safety feature, somewhat like delayed staking, and some version of this has always been in place.

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 21.5% [1a], 12.3% [1b], 11.7% [1c]

Value of Steem author rewards payouts = APR 10.8% [2a], 6.2% [2b], 5.9% [2c]

Distributed MAPR payouts = 0.346% (APR 18.0%) [3]
Total MAPR payouts = 0.356% (APR 18.5%) [4]

MAPR BUY Price: 1.06954 STEEM [5]
MAPR SELL Price: 1.08024 STEEM [6]

[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] Total payouts for the week, including bonus upvotes, free full upvote, free SBI and this week's distribution.
[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]

and

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

Profits will be paid today in the new MAPR tokens.

MAPR News

There has been a drop in Steem blockchain earning potential as the headline figure has dipped from 22.2% to 21.5% APR. This is due to a drop in the size of the reward pool, although as of writing it seems to have edged up once more.

A reminder that during this price-stability mechanism (the so-called haircut, or tonsure) the market price of STEEM does not affect income that is generated and paid out in STEEM. As SBD has a print rate of zero, our earnings are also unaffected by its price.

Income is thus very much a function of blockchain activity - rshares activity.

Our income of 18.0% APR sits well above the 75% level of a whale's self-vote (at about 84%), and significantly above what most users can generate, even from a self-vote including curation rewards.

So, by investing in MAPR, whether as a delegator or by buying tokens, you will be earning about the same percentage as a whale. Sure, it won't be the same amount but it is the same percentage - and with a non-linear curve that's important.

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 22 months, so you can extrapolate back from that graph to get an idea of our returns to members.

There really needs to be a psychological change in Steem users who think that SP is the only way to invest in the blockchain. Tokens such as MAPR, and others in the MAP FinTech family, are designed to achieve high and stable returns without any SP. This also means you no longer have to wait 14 weeks to undelegate SP and then power it down fully.

See you next week!

Next rewards distribution will be on Monday 9 December.

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Building Steem's Fintech

[BUY MAXUV] - [READ MAXUV]

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[BUY MAPXV] - [READ MAPXV]

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