MAXUV Weekly Statement & Token Distribution - over 17% APR - 20 February 2022 [MAP Steem FinTech]

in #cryptolast year

Welcome to our weekly MAXUV account statement.

Our hybrid votes-and-rewards model seems to be working well, with total income significantly higher than many other programs for a similar stake. However, some changes are of concern and I shall be posting further in a day or two. MAXUV will have to reset at a lower base in order to ride out this period.

As an example of what is coming, the buyback price will start to decrease in steps of 1 cent until such time as new purchases are made. This has been done on MAPR and, like there, the yield will creep up as the price drops. It is really a judgment call by members regarding the relative values of the votes and the rewards.

Our reward distribution has decreased a bit this week. The Steem blockchain itself remains fairly static in terms of yield but not so clever regarding price.

Due to the non-linear reward curve, we see our income distributions remain significantly higher than the unadjusted vote-yields; I suspect this will continue for longer, but the adjusted figures, that include the SBD uplift, remain very good given the size of our voting power.

We have yet again seen a bit of income from both TRX and BLURT. The numbers are modest, so will do this as and when they add up to a meaningful amount.

A further reminder, that the voting will remain at 100% for 2,000 tokens, and the capital limit is 5,000 tokens for a share in the weekly rewards. You may, of course, hold more than this like a deposit account. Minimum holding is now 10 MAXUV tokens.

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!

The MAXUV headline figures are:

MAXUV tokens active = 15,900
SP in MAXUV = 7,300
Earning SP = 16,820
Other STEEM = 180
Total STEEM = 7,480


Estimated Gross Earnings = 2.91 STEEM per 1000 MAXUV = 15.1% APR (inc SBD est. 26% APR)
(2.91 = 1.40 votes + 1.51 income)
Estimated Net Earnings = 2.21 STEEM per 1000 MAXUV = 11.5% APR (inc SBD est. 17% APR)
(2.21 = 0.70 votes + 1.51 income)

Total MAXUV Distribution = 24.0 MAXUV

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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