MAPX Token Weekly Profit Statement & News - 6 October 2019

Welcome to this week's review.

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

We have managed to substantially improve our SP to about 8,500 STEEM and we have seen our active tokens rise to a new high of almost 9,500. These are tokens no longer held by MAPX itself, and the number actually staked has increased to about 8,450.

This means our voting power remains well above the tokens staked. 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.

Also worth a reminder, as we move closer to full capacity, that the MAPX vote-bond is designed to deliver 1,000% of upvotes per day, which means its VP will vary between 100% to 80%. It has tended to settle around the 90% mark as it recharges during the day. All the extra upvotes that go out so that the VP does not ever become inactive, will be decreased as and when we see member-upvotes increasing.

One last thing I should mention, is that there will be more MAPX tokens coming onto the market. At the very start of this program, many tokens were bought by then existing MAP FinTech funds such as MAPR, so as to kick-start the SP and the voting, and just generally not look like a restaurant devoid of customers! Now, I feel, we can release those tokens so that more users can benefit from MAPX. We shall do so at a modest pace, but then it is very much up to the market to determine demand and the token price.

Nearly 140 users have owned MAPX tokens at some point and with 105 members currently staking MAPX, I think this has been a success.

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 = 9455 (8446 staked)
SP in @MAP10K = 8476
Mining SP = 2,000
Other STEEM = 1909
Total STEEM = 10385
Total Income = 123.30
Fee = 12.33
Total STEEM carried down = 10373

MAPX ABV = 1.098 STEEM
MAPX VV/STEEM = 1.20
MAPX VV/Token = 1.09

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.

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