MAXUV Weekly Statement & Token Distribution - over 22% APR - 6 September 2020 [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 anything else I've seen.
Overall earnings have seen a further small dip this week, although our minimum estimate is still a healthy 22.5% APR.
I've mentioned before that large token sales have a positive impact on the remaining tokens, but that only lasts for a week or two. We have also seen the blockchain yield edge down, as anticipated, and that has also had an impact. We are starting to see that yield attenuate but it remains too early to call it a new stable plateau.
However, this week has seen a steep fall in coin prices. This will take a few days to further feed through into the blockchain's operating STEEM price and its overall yield.
To put these numbers into context, it is worth reading the weekly MAPR reports. For last week, you'll see that a decent 10k SP account would yield a vote value of some 24% APR but this is split, with about 12% going to the author and the rest distributed among the curators. One of the ways of thinking about how MAXUV works is that we recycle that curation reward and distribute much of it back to members. Because of the non-linear reward curve, those percentages become even smaller for smaller accounts. But with MAXUV, members receive benefits that are proportional to their token holdings.
Notice that our "Other STEEM" is now a rather low figure, as most investments in third-party tokens have been either sold off or marked down. This means we can concentrate on our own program, which seems to be earning nicely.
Another reminder that the MAXUV market is there to trade tokens. This is all very obvious but the price has fallen below our customary 0.90 STEEM buyback and there are some heavy sales before we ever get back to that level. This is all normal and how the market works; I have increased our power-downs to accommodate such sales but this takes time. There is no point the fund holding a huge reserve as that money would not be earning anything. So, if you are waiting for a sale, then just be patient - if not, then any quick sales will be a buying opportunity for someone.
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.
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 = 24,440
SP in MAXUV = 12,125
Earning SP = 21,015
Other STEEM = 340
Total STEEM = 12,465
MAXUV ABV = 0.55 STEEM
Estimated Gross Earnings = 6.15 STEEM per 1000 MAXUV = 32.0% APR
(6.15 = 3.65 votes + 2.50 income)
Estimated Net Earnings = 4.32 STEEM per 1000 MAXUV = 22.5% APR
(4.32 = 1.82 votes + 2.50 income)
Total MAXUV Distribution = 61.0 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.
[BUY MAXUV] - [READ MAXUV]
[BUY MAPR] - [READ MAP REWARDER]
These short-term trading games may re-open if there is the demand.
The links are presented for information purposes.
ONECENT: The First Strategic Token Investment Game (STIG)
