MAP Rewarder: Paid Out Rewards to Delegators for 2 Sep 2019 (20.9% APR) in MAPR Tokens
This week's distributed profits are 0.4017%, equivalent to 20.9% APR.
Total rewards to delegators, including bonuses, are 0.414%, or 21.6% APR.
last week I published a very short post with payout information. Nobody complained, or even commented, so here goes again!
However, there are some important comments regarding HF21; please read below.
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 you get the same amount in STEEM as you would have done under the old system of just paying out STEEM transfers.
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.
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 24.3% [1]
Value of Steem rewards payouts = APR 13.8% [2]
Distributed MAPR payouts = 0.4017% (APR 20.9%) [3]
Total MAPR payouts = 0.414% (APR 21.6%) [4]
MAPR BUY Price: 1.02295 STEEM
MAPR SELL Price: 1.03318 STEEM
[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.
[2] Theoretical value of Steem upvote author rewards, assuming 25% curation rewards, 50-50 split of post payouts and SBD print rate, averaged over 7 days and expressed as an APR.
[3] MAP Rewarder distributed payout sent to delegators this week.
[4] Total payouts for the week, including bonus upvotes, free full upvote, free SBI and this week's distribution. This increases our overall payouts to about 90% of gross income.
[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].
Also, the total amount MAPR has given out as distribution, prizes and upvotes, [4] is much higher than [2] and now almost as high as [1].
Profits will be paid today in the new MAPR tokens.
MAPR News
You all have now experienced the new model steem under HF21. There are some consequences regarding MAPR and the way we analyse our own profits and how they relate to targets based on the Steem blockchain.
Firstly, notice that our values of the blockchain parameters have changed significantly. These are still 7-day averages so have not yet settled down to what would appear to be something like 24% for a full upvote and 12% for a full author-rewards payout.
These are now quite tricky numbers to extract as the non-linearity of the new reward curve means that we have to make a decision as to where to pitch our baseline numbers.
I have taken the full upvote as that made by an SP of 1 million STEEM. Very few users have this but it sets an upper bound to what the blockchain is actually generating in terms of upvotes. Your own upvote could be as low as 50% of this value. The theoretical author-rewards is easier to estimate in that it is just half of the maximum upvote. Again, for most users this will be half of whatever upvotes they can generate.
It is, in theory, possible that author rewards could be as low as 6% APR; this is now lower than the coin-creation rate of about 8.4% APR. I do not need to express that this, in itself, could be cause for concern.
This week, MAPR has had the best returns in a long time, and the last time we paid out this much was after HF20. The difference between what we are able to earn and payout compared to what the blockchain is producing should give our delegators and investors confidence in our ability to manage any changes thrown at us.
We have, however, just experienced the loss of a whole day due to maintenance of the Steem blockchain. This having taken place on a Monday means that this week should not be affected too much, but we will see a blip downwards the following week as no rewards will be coming in for a day. We may be able to mitigate some of these effects by a more aggressive token trading strategy. This is the advantage of a managed fund.
Because of the inability to communicate on-chain during down-time, I have opened a new Discord server for MAP FinTech programs in general. This is both for information and assistance to both prospective and existing members. You may go to https://discord.gg/kA9PPYY.
See you next week!
Next rewards distribution will be on Monday 9 September.
[BUY MAXUV] - [READ MAXUV]
[BUY MAPR] - [READ MAP REWARDER]
[BUY MAPXV] - [READ MAPXV]
ONECENT: The First Strategic Token Investment Game (STIG)
Why wasn't there a post yesterday?!?!?!?! Oh right the blockchain exploded.
Imploded may be more accurate!
Anyway, I just posted again to verify that token transfers have now, finally, been done.