MAPX Token Weekly Profit Statement & News - 16 February 2020 [MAP Steem FinTech]
Welcome to this week's review.
This week was going to be a bit more sedate after our nice UFM Lotto win. Little did I know that we were going to get Tronned!
Not much to add to the current speculation, except to take note of what comes out directly from either Justin Sun or the Tron Foundation. For the moment, the only things Sun has said is to carry on with the development of Steemit communities and SMTs. However, the thing that has caused the most stir is the aim of converting STEEM coins into a STEEM-TRON token; also the idea that Steem could run on the Tron blockchain. There are no details or timeframe for this as yet, and the idea has received such a negative reaction from Steemians that Sun appeared to kick this particular can down the road - but not out of the ground.
We now have a new voter working for MAPX, and I hope that nobody has noticed! One thing that is a bit fiddly is changing the votes from a single to a double vote, so we shall stop giving out bonus double upvotes. Instead, we shall have an extra member prize of TRENDO token comments.
Note that the TULIP Mania Game has restarted!
Also, MAXUV tokens being given as prizes in this Third Nonsense Writing Contest
Have a fine week!
What is MAPX?
MAPX was our first "vote bond" in the MAP FinTech family of programs. It is designed to deliver a 0.1% upvote per token held, with a maximum holding of 1000 tokens. The fund has a total of just 10,000 tokens available. MAPX token holders also benefit from profits being compounded into SP so that the token price should slowly rise.
MAPX is thus designed like a bond in that "interest" is earnt as upvotes, plus each token is backed by STEEM so that the capital value slowly increases in line with our fund. MAPX is managed by the same team as MAPR, which has been distributing profits to Steemians for 22 months.
As MAPX tokens have nearly sold out, we would encourage new members to consider the open-ended token @MAXUV.
And... here are a few prizes:
Prizes last for at least 10 days and TRENDO tokens are subject to supply.
Note that the random draw is done from the top 100 MAPX token holders. If you are outside this top 100, then your name will not appear in the draw. At the moment, this means having at least 2 MAPX tokens to be safe.
Please note that I always qualify any forward predictions as they are subject to technical issues such as the proper functioning of the blockchain and our own algorithms.
The headline figures are:
MAPX tokens active = 9640 (7860 staked)
SP in @MAP10K = 10,115
Mining SP = none
Other STEEM = 1056
Total STEEM = 11171
Total Income = 87.2
Fee = 8.72
Total STEEM carried down = 11163
MAPX ABV = 1.16 STEEM
MAPX VV/STEEM = 1.17
MAPX VV/Token = 0.98
Note that "Other STEEM" is the sum of all holdings not powered up as SP: liquid STEEM and SBD plus holdings within Steem Engine to maintain market liquidity plus some investments; we also now have stakes in MAPR, PAL and LEO, and some others, and receive rewards from them. Also note that 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 @MAP10K account.
Income includes rewards and token trading profits but excludes token sales.
The Asset Backed Value (ABV) is our total holdings calculated in STEEM divided by the number of active MAPX tokens, whether staked or unstaked. This shall be used as the lowest price we offer MAPX tokens on the Steem Engine market.
If VVS > 1.0, then MAPX stake-holders are getting upvotes of greater value than the par 0.1% per token.
If VVT > 1.0, then MAPX tokens are under-priced on the market and good value to buy.
Full details of how the MAPX token operates can be found at New MAPX Token for Upvotes and Value Growth.
Any questions, please ask in the comments below.
ONECENT: The First Strategic Token Investment Game (STIG)
Posted via Steemleo