MAP Rewarder: MAPR Payouts to Delegators and Price Increase for Token-Holders for 11 May 2020 (16.9% APR, 18.2% APY)

in crypto •  19 days ago 

Earn significant passive income with STEEM without locking SP by investing in MAPR tokens.

This week's distributed profits are 0.323%, equivalent to 16.9% APR and 18.2% APY.

NOTE: this was posted last week but I now see it doesn't appear on the chain. My apologies, though possibly not my fault, but I should have noticed sooner.

This is higher than most individuals can earn from vesting their own STEEM.

There is a lot of information to get through today, so please read the News below very carefully.


Remember that MAPR has a unique distribution and pricing system. If you look at the MAPR tokens you, as delegator, have received today, multiply that number by the new official BUY Price and you get the same amount in STEEM as you would have done under the old system of just paying out STEEM transfers.

Token-holders receive no token distribution, unless they are also delegators. Their profit comes in the token price increase.

The added bonus is that if you don't sell this week's tokens, then next week their value will rise to at least the new BUY Price. This is how the token allows compounding of profits, for both delegators and token-holders.

Using the language of investment trusts, delegators hold "income" stakes where the "interest" is paid out in tokens, whereas token-holders have "capital" stakes where the profit is added to the token price.

A reminder that new delegations start to earn 2 days after the day of delegation. This means that the first week's payout will be lower than for a 7-day week. Also, as payouts are done on Mondays, delegating on a Saturday or Sunday will yield no distribution till the following week. This has always been in place and is to avoid people trying to game the distribution. The positive part is that there is no unstaking period for the tokens, merely the standard waiting time for undelegating.

MAPR: The Numbers

All these numbers relate to a 7-day period (Monday to Sunday) and calculated in STEEM per SP.

Value of Steem upvotes = APR 32.2% [1a], 18.4% [1b], 17.7% [1c]

Value of Steem author rewards payouts = APR 16.1% [2a], 9.2% [2b], 8.9% [2c]

Distributed MAPR payouts = 0.323% (APR 16.9%) [3]
Projected Compounded APY 18.2% [4]
Average APR 17.3% (26-weeks)

MAPR BUY Price: 1.14968 STEEM [5]
MAPR SELL Price: 1.16118 STEEM [6]

[1] Theoretical maximum value of Steem upvotes, assuming 10 full upvotes at 100% power for 7 days, averaged over 7 days and expressed as an APR. This calculation was performed for an SP of 1 million STEEM to be as close as possible to linearity. Your own upvote will be somewhere between 50-100% of this value.
The values are now calculated for three levels of voting power: 1 million SP (a); 10,000 SP (b); and 1,000 SP (c).
[2] Theoretical value of Steem upvote author rewards, assuming 50% curation rewards, 50-50 split of post payouts and SBD print rate, averaged over 7 days and expressed as an APR. Your own author rewards will be somewhere between 50-100% of this value.
[3] MAP Rewarder distributed payout sent to delegators this week as tokens and the MAPR price adjusted to reflect this.
[4] Equivalent compounded yield as an APY for this week's distribution in [3]. We now have enough data to give a better historical picture of progress and have including a 26-week average to give a measure of medium-term returns.
[5] Our BUY price is the price you may sell your MAPR tokens such that their value in STEEM is the same as if this week's distribution was done by direct STEEM transfer.
[6] Our SELL price is about 1% above the BUY price.

Our MAPR distribution [3] is much higher than the average blockchain author rewards [2].

Our payout [3] is now significantly higher than most users can achieve [2a, b & c]

and

almost as high as most users can even generate with a full vote [1b, 1c].

Profits will be paid today in the new MAPR tokens.

MAPR News

our income continues to be better than other sources, especially for those users with modest amounts of SP, but it also continues to be highly variable from week to week.

The maximum generated upvote value for the Steem blockchain also continues to rise to unprecedented levels. That figure of 32.2% APR is higher than during HF21 and now converging towards the high during HF20; a reminder that during HF20 almost nothing happened for a week because of RC recalibrating for most people. The reward pool has flattened out but we have not yet seen this reflected in the upvote values. For now, enjoy these upvotes, if you can.

If we compare our values to dlease, you can see that 16% APR is possible but only for delegations about 1k SP. With MAPR you can get more than this and with more modest delegations.

The other main MAPR news is that we are now back to having a variable sale price just above the buyback price. We have launched our new M token and MAPR members will see their token airdrop on H-E. The M token is managed by the same @accelerator account, so please follow it to get further updates.

And finally, although our weekly returns are variable, here is a graph of how we have been performing since the MAPR token was launched. (Thanks to @gerber for the discord-bot.)

MAP Rewarder, without the token, has been in operation for over 24 months, so you can extrapolate back from that graph to get an idea of our returns to members. We celebrated 2 years of operations at the start of February.

This graph is a record of actual transactions on the Steem Engine exchange so it can, in practise, deviate from this apparently-straight line. This can happen if there are large buyers or sellers that can use up all the tokens at a particular price-point. At the moment, we are largely seeing buy-and-hold trades and the market behaves more like a shop than an exchange. So this is just a reminder that it is a marketplace and you can leave open orders to either buy below our own current price, or sell slightly above it.

See you next week!

Next rewards distribution will be on Monday 18 May.



Building Steem's Fintech

[BUY MAXUV] - [READ MAXUV]

[BUY MAPR] - [READ MAP REWARDER]

Plus Some Serious Funtech

ONECENT: The First Strategic Token Investment Game (STIG)

ADDAX

TULIP MANIA

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