MAPX Token Weekly Profit Statement & News (MAXUV, TULIP) - 18 August 2019
Welcome to this week's review.
Firstly, as we approach a mature stage of this MAPX vote bond fund, some parameters that indicated growth are no longer very relevant, such as tokens sold by the managing account. However, we are introducing a new parameter to show internal growth in the capital value of the fund.
The ABV measures the value per token based on the total fund value in STEEM divided by the number of tokens circulating and not still owned by @map10k. Although that is a valid measure, it doesn't fully describe the token's ability to upvote, nor how many tokens are actually staked and receiving votes.
We therefore introduce what I am calling Vote Value (VV); this is the voting SP divided by the number of staked MAPX tokens.
So, this week's VV is 10,067 divided by 8081 staked tokens to give a value of 1.25. What this means is that stake-holders are getting on average 125% of our stated upvote of 0.1% per token, so 25% more than par value.
But this is already reflected in our MAPX token price of about 1.13 STEEM. This means there is another VV calculated per token price, which is 1.25/1.13, or 1.11. What this value means is that the tokens are still priced below their true value.
So, we have two parameters, VVS (Vote Value per STEEM) at 1.25 (this means you are getting 25% more than the par token upvote value), and VVT (Vote Value per Token) at 1.11 (this means the token is still cheaply priced).
I think that's enough new stuff for today!
A reminder that MAXUV launched this week. Here is the MAXUV launch post and the Steem Engine MAXUV market. There are daily promotions in the lead up to HF21 with some heavily-discounted put for sale once a day. Snap those up if you can!
The TULIP Game is starting to bloom and ADDAX is leaping ahead - enough metaphors for one day!
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 = 9096 (+251)
SP in @MAP10K = 6767 (+442)
Mining SP = 4,100
Other STEEM = 2604
Total STEEM = 9371
Total Income = 176.22
Fee = 17.62
Total STEEM carried down = 9353
MAPX ABV = 1.030 STEEM
MAPX VV/STEEM = 1.25
MAPX VV/Token = 1.11
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.
[BUY MAPR] - [READ MAP REWARDER]
[BUY MAPXV] - [READ MAPXV]
ONECENT: The First Strategic Token Investment Game (STIG)
VVT and VVS are some great numbers to track.
Posted using Partiko Android
Thanks! I think it good to have some simple numbers to encapsulate what are otherwise quite complicated calculations.
They essentially answer the question: is MAPX worth it?
:-)
Congratulations @map10k! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!