MAPX Token Weekly Profit Statement & News - 13 October 2019

Welcome to this week's review.

This has been a good week with decent sales and an increase in our SP.

The MAPX vote-bond continues to do fine, delivering decent votes to members and slowly raising the SP that supports these. I don't wish to make this too long, as this is the third post today!

I'd just like to highlight how our two important metrics behave, and how they can sometimes move in opposite directions. Last week, I wrote this paragraph:

Our VVS, the Vote Value per STEEM has dropped slightly to 1.20, meaning that votes are 20% above par value for the vote-bond. Similarly, our Vote Value per Token has dropped to 1.09, meaning that the tokens are almost at fair price for the upvotes given. These two numbers have dropped slightly because new sales have edged the MAPX token price up a bit.

Notice that this week, the VVS has moved up slightly to 1.23 while the VVT has moved down to 1.03. The Vote Value per STEEM has risen because we have increased our SP more than the number of staked MAPX tokens. The Vote Value per Token, which is the VVS divided by the average weekly token price, has moved down because our market price has increased. Indeed at 1.03, the VVT indicates that we are pretty much at fair value at the current 1.19-1.20 STEEM per token.

We are close to almost the full 10,000 SP as designed, although we shall probably reach about 9,500, still significantly above the number of staked tokens, at which point we shall bid thanks and farewell to our last supportive delegator. Yes, I know, it will suddenly show a dip downwards in upvotes, but the program is delivering 20% above what it should, so I shall ensure that remains positive!

One last thing, MAXUV is sponsoring the Buildbetter Contest - please read more about that here.

Have a good week!

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. We are also aware that HF21 is imminent although there is no fixed date as yet.

The headline figures are:

MAPX tokens active = 9590 (8210 staked)
SP in @MAP10K = 8703
Mining SP = 2,000
Other STEEM = 1798
Total STEEM = 10501
Total Income = 115.00
Fee = 11.50
Total STEEM carried down = 10490

MAPX ABV = 1.095 STEEM
MAPX VV/STEEM = 1.23
MAPX VV/Token = 1.03

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.

---

---

Building Steem's Fintech

[BUY MAXUV] - [READ MAXUV]

[BUY MAPR] - [READ MAP REWARDER]

[BUY MAPXV] - [READ MAPXV]

[BUY MAPX] - [READ MAPX]

Plus Some Serious Funtech

ONECENT: The First Strategic Token Investment Game (STIG)

ADDAX

TULIP MANIA