MAXUV Weekly Statement & Token Distribution - over 23% APR - 26 September 2021 [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 many other programs for a similar stake.
Our reward distribution is slightly lower at 33 MAXUV, with total yields nudging lower. Our adjusted SBD-based estimates are both down significantly due to a fall in SBD compared to last week.
Apologies that the distro has gone out late. Ive been working on a new script, and it wasn't working, so kept trying to fix it! Anyway, you will see two MAXUV token distributions; one of them was a test distro that finally worked, followed by the full one. Some users with low number of tokens may not see the test distro as would have yielded 0.000 tokens.
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.
Also worth noting that, without the SBD up-lift, curation yield on Steem is about 11% APR for a large account, and closer to 6% for an SP of our size - these values are also drifting lower week by week. So, compared to our staked fund, our yield is much higher than would be expected from just randomly voting!
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.
Note that MAPR has now added some bonus prize tokens to its weekly distribution. I think I shall do the same here, with only those members with at least 100 MAXUV being eligible for the weekly draw. I think this shall start next week, but will announce it properly soon. OK, I forgot to announce this - let me try this coming week! I even forgot to post last week - but the rewards were sent out.
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 = 16,220
SP in MAXUV = 6,840
Earning SP = 16,250
Other STEEM = 170
Total STEEM = 7,010
MAXUV ABV = 0.50 STEEM
Estimated Gross Earnings = 3.41 STEEM per 1000 MAXUV = 17.7% APR (inc SBD est. 35% APR)
(3.41 = 1.37 votes + 2.04 income)
Estimated Net Earnings = 2.72 STEEM per 1000 MAXUV = 14.1% APR (inc SBD est. 23% APR)
(2.72 = 0.68 votes + 2.04 income)
Total MAXUV Distribution = 33.0 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.