RE: Important Changes to MAP Rewarder - New Payouts in MAPR Token Explained - 21 July 2019

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Important Changes to MAP Rewarder - New Payouts in MAPR Token Explained - 21 July 2019

in money •  5 years ago 

Thanks for the answer.
Just to clarify...

If you wish to sell immediately and exchange for STEEM, then the liquid STEEM in the MAPR account will be converted to STEEMP and used to buy back tokens. There are also holdings within Steem Engine that can be used to buy back tokens.

As a MAPR token holder, in this case you create a Sell order and wait for it to fill?

money
5 years ago by

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      ·  5 years ago 

    Yes! Actually, I create a BUY order so that you can sell at that price. Hopefully not everyone wishes to sell immediately and that will go towards compounding the fund. If everyone does, then the STEEM will be available, just as it is for current weekly distributions.

    Part of the profits will also go into the token price so that token-holders also benefit. I shall explain the mathematics in a post soon, although I suspect most people will understand it better through experience.

    Any further questions, don't hesitate to ask.

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