MAXUV Weekly Statement & Token Distribution - 24 May 2020 [MAP Steem FinTech]

in crypto •  13 days ago 

Welcome to our weekly MAXUV account statement.

Our hybrid votes-and-rewards model seems to be working well, with total income significantly higher than anything else I've seen.

Our weekly buy-back at 0.90 STEEM is there for the benefit of those who wish to redeem their new tokens, so will remain in line with such earnings. Anybody wishing to sell, or buy, can use the market - that's why it exists. I now see quite a few tokens for sale below that level, so I have adjusted the weekly power-downs to buy those back, but they are also an opportunity for buyers.

Although still in "transition phase", I think the new model is working well and members enjoy the mixture of votes and rewards. This phase is, therefore, less about the new model and more about getting our fund value back up; recall we had a lot of extra tokens from the winding down of MAPX and MAPXV without their STEEM value. The new 4-week power-down now enables us to achieve this capitalisation much faster. Our ABV has increased a notch, from 32 to 34 STEEM cents.

A reminder from previous posts, that the voting will remain at 100% for 2,000 tokens, but the capital limit has been raised to 5,000 tokens for a share in the weekly rewards.

It is no longer possible to give a single figure for potential earnings as this depends both on the number of tokens held and the number of posts made and upvoted. We can, however, give an estimate of a 2000 MAXUV token-holder posting once per day and including the token reward distribution. On average, such a user can expect about 10.24 STEEM per week. This is equivalent to about 26.6% APR.

This is really good value in a market where delegation leases are at about 16% APR, and even then you'd need to delegate at least 1,000 SP. I know that many members will experience a lower return but that is largely due to the non-linear nature of the new reward curve. However, the reward distributions are proportional to the tokens held and make up for this.

The difference between MAXUV and MAPR is that MAXUV will have no delegators and will be paying out in MAXUV tokens whereas MAPR does accept delegators, pays out in tokens to auto-compound but does not give upvotes nor measures posting activity.

I hope these two programs will help members achieve greater rewards from both staking and posting.

Enjoy your week!

The MAXUV headline figures are:

MAXUV tokens active = 32,420
SP in MAXUV = 10,867
Voting SP = 19,808
Other STEEM = 132
Total STEEM = 10,999


Estimated Earnings = 5.12 STEEM per 1000 MAXUV = 26.6% APR
Total MAXUV Distribution = 41.30 STEEM

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.

Full details of how the MAXUV token operates can be found at our launch document.

Any questions, please ask in the comments below or in our public chatroom.

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Let's get it!

Hi @maxuv, your post has been upvoted by the MAXUV token program.
You have also received some bonus tokens as part of our transition from a vote-bond to a rewards-distribution model.
Please read about these changes at @maxuv and follow us to keep up to date with developments.

Hi @maxuv, a modest tip of appreciation:
Also, please check out my Nonsense Community.

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