A brief update for current and future MAPXV members.
We are a few hours away from the launch of the new Hive chain, so time for a further update.
As I described in the previous post, our VP was decimated after some SP was undelegated. This remains a sore point as there is no good logical or mathematical reason for Steem to behave that way - it's a bug, or worse.
Anyway, our MAPXV voter will be back up to operating VP in about half a day, so members who post will start to see upvotes again. To compensate members for the down-time of about 3 days, I shall distribute some of the STEEM earnings from this week to our token-holders. I shall take 50% of our weekly rewards income and pay members in proportion to their active MAPXV tokens.
Although I haven't done a precise calculation as yet, it strikes me that members with only 1 or 2 tokens may receive less than 0.001 STEEM, in which case they shall receive some STEEMP as it has more decimal places of accuracy. This payout will be done on our usual accounting day of Sunday.
MAPXV will carry on with its program on Steem and Steem-Engine.
We wait to see the nature of the token airdrop on Hive plus how Steem-Engine will develop. We seem to have some idea now that Steem-Engine will create a "Hive-Engine", with a HIVEP token and that users will have their STEEMP balances airdropped as HIVEP tokens. Beyond that, each token issuer will have to decide whether to recreate their token on the Hive SE DEX. This means that there may be some loss in value from token holdings within our MAPXV SE wallet. None of this is as yet set in stone, and timescales depend on how Hive and its various dapps will function when live.
My feeling at the moment is that I would like just two of our MAP FinTech tokens to be operational on Hive: MAPR and MAXUV. The development of our vote-bonds went from the experimental MAPX through to the more powerful MAPXV to, what should have been our ultimate program, MAXUV. The popularity of these programs was going very well until HF21 kicked in - I am not going to repeat my thoughts on that. We were then on the cusp of renewed interest and sales when the Justin Sun saga exploded onto the blockchain.
Although I have no intention of closing down our three vote-bonds on Steem, I would need to be convinced that there was demand on Hive for more than one of them. That in itself would depend on many factors, such as the economic model of Hive and the level of activity and growth of that community. My feeling at the moment is that MAPXV will only operate on Steem. Once the account and HIVE tokens are created on the Hive chain and platform, then I can calculate the value of the MAPXV fund on Hive. I will then take a snapshot of MAPXV token-holders and calculate a one-off payment proportional to each username's holdings. This will be the total number of tokens held including those above the threshold of 500 MAPXV used to calculate votes.
I hope MAPXV members feel this is an equitable solution and that they may use this windfall to invest in the Hive version of MAXUV.
The situation may yet change swiftly, so please take the above as the most recent iteration of what will happen.
Have a fine week!
What is MAPXV?
MAPXV was the second vote-bond, after MAPX, in the MAP Steem FinTech family of tokens. It is designed to give 2 upvotes per day at 0.2% weight per token. This means that the maximum effective holding is 500 MAPXV tokens and that will yield two 100% votes. There is no fee for this, just buy and hold the tokens and the upvotes will appear within about 24 hours. There is also no unstaking period, so your investment remains liquid and you may buy and sell instantly.
The mathematics that underpins MAPXV means that everyone gets exceptional value in terms of both upvotes and the value of the token. All profits, both from rewards and token trading, are compounded back into the fund SP. We publish weekly reports to keep members up to date with the financial health of the MAPXV fund.
Make your STEEM work for you without being locked up in SP. Buy MAPXV tokens on the Steem Engine DEX.
It's gotta be Steem...
Please follow @pennsif for the latest aggregated news about Steem and Hive.
A random prize of TRENDO tokens for 10 days from MAPXV, plus we are now also distributing trendovoter upvotes.
So, our winners today are... N/A (will resume these once our VP is back to operational levels) .
Just to add that this will be a lucky time for some members as there are not so many usernames that are not part of the MAP FinTech family. I don't think it fair to give prizes to myself!
Please comment, upvote, resteem and tell everybody about this post...
ONECENT: The First Strategic Token Investment Game (STIG)