MAP Rewarder: Distributed Rewards for 20 May 2018 (APR 20.9%)
This week's distributed profits are 0.400%, equivalent to an APR of 20.9%.
The gross income was 0.533%, with 10% going towards management and development and 15% to support the MAP community. Please note that the distribution is now 75% of gross profits.
Profits will be paid today to SP delegators in STEEM.
To delegate SP to MAP Rewarder, please read our Introduction document.
If you do not have spare SP to delegate, then you can still follow our Curation Trail on SteemAuto, and gain some higher-than-average curation rewards; please read the Advice section below.
New Feature - Random 100% Upvotes
I notice that many of our delegators have relatively modest amounts of SP delegated to MAP Rewarder. I appreciate their support, and they are earning a nice yield, but the weekly payouts obviously seem quite small. As part of MAP's mission is to support minnows, I propose a new form of payout on top of the existing distribution: a random 100% upvote.
At the moment, this will be one random 100% upvote, given on a Friday. The only requirement is that the delegator must have published a post within the last 3 days that can be upvoted. I shall run a random number generator to select the winner; this will exclude accounts that manage MAP.
As of writing, a full upvote is worth something between $4 to $5. I hope this will stimulate some further delegations and will help some users make a significant return on their SP. But please remember that the first distributed profits will be received on the first Sunday after 7 day from the time of delegation - the cut-off is midday GMT on Sundays.
News
In pure STEEM terms, upvotes are currently worth 0.46% per week per SP. This continues to be flat over the past 4 weeks, despite the STEEM price changes. However, adjusted for 25% curation rewards, 50-50 payouts and the blockchain price of SBD ($2.95 as of writing) this yields only 0.45% per week per SP in dollar terms. This is a significant drop compared to last week and is a result of STEEM being currently worth more than SBD and also that the blockchain price of SBD is significantly higher than the market price.
Within this context, our gross profit of 0.533% continues to be good. A reminder that these figures are snapshots of the market and that swings within the week affect income.
One other metric to bear in mind, is the number of upvotes given to MAP members. I have estimated this to be the equivalent of 0.04%, based on the MAP Rewarder fund. The majority of these upvotes come from the @rycharde account so that they do not interfere with the earnings of the fund, but some, such as the FreeVote, do come from the @accelerator account.
Those of you who delegate to bidbots should look at your actual returns as a percentage of SP; you will see that those too are in line with what we at MAP Rewarder have been achieving. Indeed, our curation income has not been affected significantly by the price changes; it has been the post rewards that are sensitive to the price of SBD.
Most importantly, I feel we have done very well within a turbulent environment, with gross income continuing to be above or in line with the average for the market as a whole. But we have two missions: to be profitable to delegators and to support our minnow content creators. The @accelerator account, ignoring the delegated SP, is growing slowly but steadily and forms the basis of our upvotes to minnows who are MAP members.
Advice
As part of our MAP Rewarder strategy, all posts by @accelerator will, at some point, receive an upvote from a bidbot. I usually leave this for a few hours to allow our followers to upvote our posts before the arrival of a larger upvote. I know that a few have noticed this and are taking advantage of the opportunity to earn some extra curation rewards. Look at any post with large upvotes and you will see that some of the early upvoters are earning back even more than their upvote! The power of mathematics. :-)
To do so means either following just the posts of @accelerator or also the upvotes given out. This can be done within an app such as SteemAuto. Using the language used on SteemAuto, following and upvoting just the @accelerator posts is called the Fanbase; following our upvotes to earn extra curation rewards is called the Curation Trail.
Next rewards distribution will be on Sunday 27 May.
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- -Please Comment, Resteem and Upvote. Thanks!
@rycharde manages the AAKOM project and the MAP forum.
Check out the new MAP Rewarder for passive income!
You got a 2.37% upvote from @postpromoter courtesy of @accelerator!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!