Although MAXUV has been running for some two weeks, this is the first full statement of how the vote-bond fund is performing.
We publish daily (or almost daily) reports that include our most important parameter, the Vote Value per STEEM (VVS), so that token-holders and prospective buyers can judge our performance without waiting a week. Here we shall give a few more details about the size of the fund and the underlying SP.
The vast majority of STEEM from MAXUV token sales has gone into the SP used to upvote, although some of it has been used to build up stakes in other MAP FinTech programs such as MAPXV. Even though we have been running token price promotions, such token trading has helped us retain an asset backed value (ABV) above unity. This means that should the program ever need to fold it has ample assets to pay off all token-holders.
Also notice that our voting SP is much higher than our STEEM holdings. This is due to an initial delegation that allows the upvoters to deliver the predicted upvotes to members. As our own SP becomes larger, so such delegations will be scaled back until the fund can run on its own STEEM.
Our chief selling point is that we are able to deliver upvotes in the range of 150-200% per day compared to the same tokens being used as one's own SP. This takes into account the ability to vote 10 times per day with one's own SP, so it really is up to twice a full daily upvote all rolled into just one or two votes.
We are currently able to average 188% of daily upvotes for 2 posts per day. This obviously fluctuates throughout the day and can be both higher and lower, depending on our collective VP at the time you post. We do, however, adjust our parameters daily to ensure we remain within our target range.
As our SP grows, so will our upvotes. The first aim is to reach a consistent 200% daily with 2 upvotes. Then, as the SP grows further, we shall at some point switch to just one upvote on one post per day. We shall obviously announce when that takes place as there may be a brief drop to the lower end of our range before climbing back up.
One other thing to stress is that everybody receives the same upvote as a proportion of the number of tokens held. So as a percentage someone holding 20 MAXUV tokens will receive the same return as holding 200 tokens, but obviously the absolute size of the votes will be ten times more for the latter. The important thing is that our SP is able to deliver the appropriate vote weights for every member. As our SP is much larger than the tokens being voted on, we are comfortably within our operational parameters.
The MAXUV headline figures are:
MAXUV tokens active = 7532
SP in MAXUV = 6614
Voting SP = 21,621
Other STEEM = 1084
Total STEEM = 7698
MAXUV ABV = 1.022 STEEM
MAXUV VV/STEEM = 188.5% in 2 votes per day
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.
Target value for VVS is 150-200% in 1 upvote per day.
Full details of how the MAXUV token operates can be found at our launch document.
Any questions, please ask in the comments below.
ONECENT: The First Strategic Token Investment Game (STIG)