MAXUV Weekly Statement & Token Distribution - 17 May 2020 [MAP Steem FinTech]

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 can adjust the weekly power-downs to buy those back, but they are also an opportunity for buyers.

MAXUV itself continues to be in a transition phase, with members receiving both upvotes and weekly rewards as tokens. This will continue for at least the next 4 weeks as I seek more feedback. I have expressed my opinion that members would actually get greater income if we moved to a distribution-only model, but many members seem to like the upvotes. Although upvotes may look good, authors are getting just half of the headline pending rewards. I shall delve deeper into the numbers in the future as there are enough other issues to resolve first.

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.

We are working on automating this distribution and the formula to be used in our calculations. However, as members continue to receive upvotes, the payouts will be purely based on the tokens held.

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 9.52 STEEM per week. This is equivalent to about 24.8% 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.

For those of you who watch such numbers, our ABV has dropped considerably but this has now stopped and it is slowly inching its way back up. This will take a number of weeks, but the estimated earnings take into account our actual SP and actual reward income so that members will not really notice the transitioning. The process now is that some of the funds from MAPX and MAPXV will be used to balance the overall MAXUV fund to take into account those members who opted for a token-swap.

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!

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The MAXUV headline figures are:

MAXUV tokens active = 32,420
SP in MAXUV = 10,432
Voting SP = 19,369
Other STEEM = 81
Total STEEM = 10,513

MAXUV ABV = 0.32 STEEM

Estimated Earnings = 4.76 STEEM per 1000 MAXUV = 24.8% APR
Total MAXUV Distribution = 39.70 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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