MAXUV Weekly Statement & Token Distribution - 19 April 2020 [MAP Steem FinTech]

Welcome to our weekly MAXUV account statement.

MAXUV token holders will now see their airdropped MPATH tokens! Please read this post carefully as MAXUV and MPATH are not as yet fully disentangled. The aim is to make them operate independently, and we have made a start on that by creating the new token.

This also means that the official MAXUV market price has now come back down to 1 STEEM.

We shall also have a small weekly buy-back at 0.90 STEEM that is equivalent to the distribution of reward tokens. If the market price drops below this, then that's just the nature of the marketplace. MAXUV remains operational on Steem so there is no reason to initiate a full buy-back. You are also free to sell your tokens at any price you wish.

There are now some key dates in place that will also affect the MAXUV/MPATH program split. By this Saturday, 25th April, I hope all members of MAPX and MAPXV will have taken advantage of our offer of either a token-swap or cashing-out. After that date, we shall only process these on the Steem side of the fence. Two weeks later, on the 9th May, we shall automatically transfer MAXUV tokens to any MAPX/MAPXV token-holders who have not made a decision, but this will be on a 1:1 basis.

So, our plan to fully implement the new "vote simulator" MAXUV, will likely start in earnest during that second week in May. I shall describe this in full detail on a dedicated post, but the aim is that the current token reward distribution shall be based both on the tokens held and the level of posting during the week.

At the moment, as our voters are delivering our standard votes, the token rewards are a joyful bonus. Once we start to duly implement our new program, you will see the votes decrease and the rewards increase.

There have been members who have expressed that they enjoy receiving upvotes. MAXUV is, after all, a vote-bond and both MAPX and MAPXV have been successful. However, the post-HF21 environment has not entirely enhanced the value of the average vote. It is clear to me, that rewarding content by distributing income is more efficient than delivering votes. Hence, the transformation of MAXUV from vote-bond to vote-simulator.

The good news for current MAXUV members is that we can slowly increase the new weekly dividends paid out to members. So, during this transition phase, you will be getting both the usual upvotes and the weekly dividends.

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 8.52 STEEM per week. This is equivalent to about 22.1% APR, up from last week's 20.0% APR.

This is really good value in a market where delegation leases are at about 13% APR, and even then you'd need to delegate at least 1,000 SP.

For those of you who watch such numbers, our ABV has dropped considerably but this is temporary and will be back up as soon as we are able to transfer funds from the two tokens winding down. 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 ABV may, indeed, fall further before it starts to rise again.

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 = 33,000
SP in MAXUV = 10,134
Voting SP = 18,960
Other STEEM = 106
Total STEEM = 10,240

MAXUV ABV = 0.31 STEEM

Estimated Earnings = 4.26 STEEM per 1000 MAXUV = 22.1% APR
Total MAXUV Distribution = 34.40 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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