MAP Rewarder: MAPR Payouts to Delegators and Price Increase for Token-Holders for 3 Feb 2020 (16.8% APR, 18.3% APY)

in hive-167922 •  2 months ago 

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

This week's distributed profits are 0.328%, equivalent to 16.8% APR and 18.3% APY.

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


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 21.2% [1a], 12.1% [1b], 11.7% [1c]

Value of Steem author rewards payouts = APR 10.6% [2a], 6.0% [2b], 5.8% [2c]

Distributed MAPR payouts = 0.323% (APR 16.8%) [3]
Projected Compounded APY 18.3% [4]

MAPR BUY Price: 1.10214 STEEM [5]
MAPR SELL Price: 1.11316 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].
[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

higher than most users can even generate with a full vote [1b, 1c].

Profits will be paid today in the new MAPR tokens.

MAPR News

I have made a change to the data presented above, with [4] now being a calculation showing the compounded rate of return for a year. Most delegators and token-holders are keeping their tokens, hence compounding the weekly profits. This new calculation is thus a better measure of returns for most MAPR members.

Our distribution is, in percentage terms, slightly lower than last week. The Steem blockchain maximum vote value has continued steady at 22.2%, and indeed, our income has been steady but we have seen some welcome new investors. Whenever this happens it takes 2 weeks for the new SP to be reflected in rewards, so I hope this will show up next week.

One other thing to mention is that, in an effort to diversify, I find that so many other tokens just cannot hold up their yield or their price. So I have had to adjust some token holdings, most of them lower. The numbers are also very sensitive to changes, for example, just 5 STEEM can make a difference of 0.3% APR either way.

However, our income of 16.8% APR continues to be significantly higher than most users can earn with their own SP. Just look at the numbers above: an SP of 10k STEEM can generate a vote worth just about a 12.1% yield. A look at the SP leasing market shows it is also sitting around the 11-12% APR level.

The new reward curve means that MAPR income is now even higher compared to the average user than it was before. Sure, it has dropped slightly in money terms due to the same reward curve changes, but compared with one's own personal SP, either delegating or buying MAPR tokens can produce very attractive income.

Indeed, by investing in MAPR, whether as a delegator or by buying tokens, you will be earning close to the same percentage as a whale. Sure, it won't be the same amount but it is the same percentage - and with a non-linear curve that's important. As most MAPR members are hodling, the APY rate of about 19.0% is closer to the true yield for most people.

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 some 24 months, so you can extrapolate back from that graph to get an idea of our returns to members. We celebrate 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.

There also needs to be a psychological change in Steem users who think that SP is the only way to invest in the blockchain. Tokens such as MAPR, and others in the MAP FinTech family, are designed to achieve high and stable returns without any SP. This also means you no longer have to wait 14 weeks to undelegate SP and then power it down fully.

See you next week!

Next rewards distribution will be on Monday 10 February.



Building Steem's Fintech

[BUY MAXUV] - [READ MAXUV]

[BUY MAPR] - [READ MAP REWARDER]

[BUY MAPXV] - [READ MAPXV]

[BUY MAPX] - [READ MAPX]

Plus Some Serious Funtech

ONECENT: The First Strategic Token Investment Game (STIG)

ADDAX

TULIP MANIA

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