MAP Rewarder: MAPR Payouts to Delegators and Price Increase for Token-Holders for 27 Apr 2020 (17.5% APR, 19.1% APY)

in #crypto5 months ago

Earn significant passive income with STEEM without locking SP by investing in MAPR tokens.

This week's distributed profits are 0.336%, equivalent to 17.5% APR and 19.1% APY.

This is higher than most individuals can earn from vesting their own STEEM.

There is a lot of information to get through today, so please read the News below very carefully.


Remember that MAPR has a unique distribution and pricing system. If you look at the MAPR tokens you, as delegator, have received today, multiply that number by the new official BUY Price and you get the same amount in STEEM as you would have done under the old system of just paying out STEEM transfers.

Token-holders receive no token distribution, unless they are also delegators. Their profit comes in the token price increase.

The added bonus is that if you don't sell this week's tokens, then next week their value will rise to at least the new BUY Price. This is how the token allows compounding of profits, for both delegators and token-holders.

Using the language of investment trusts, delegators hold "income" stakes where the "interest" is paid out in tokens, whereas token-holders have "capital" stakes where the profit is added to the token price.

A reminder that new delegations start to earn 2 days after the day of delegation. This means that the first week's payout will be lower than for a 7-day week. Also, as payouts are done on Mondays, delegating on a Saturday or Sunday will yield no distribution till the following week. This has always been in place and is to avoid people trying to game the distribution. The positive part is that there is no unstaking period for the tokens, merely the standard waiting time for undelegating.

MAPR: The Numbers

All these numbers relate to a 7-day period (Monday to Sunday) and calculated in STEEM per SP.

Value of Steem upvotes = APR 30.7% [1a], 17.4% [1b], 16.9% [1c]

Value of Steem author rewards payouts = APR 15.1% [2a], 8.6% [2b], 8.3% [2c]

Distributed MAPR payouts = 0.336% (APR 17.5%) [3]
Projected Compounded APY 19.1% [4]
Average APR 17.6% (26-weeks)

MAPR BUY Price: 1.14328 STEEM [5]
MAPR SELL Price: 1.15471 STEEM [6]

[1] Theoretical maximum value of Steem upvotes, assuming 10 full upvotes at 100% power for 7 days, averaged over 7 days and expressed as an APR. This calculation was performed for an SP of 1 million STEEM to be as close as possible to linearity. Your own upvote will be somewhere between 50-100% of this value.
The values are now calculated for three levels of voting power: 1 million SP (a); 10,000 SP (b); and 1,000 SP (c).
[2] Theoretical value of Steem upvote author rewards, assuming 50% curation rewards, 50-50 split of post payouts and SBD print rate, averaged over 7 days and expressed as an APR. Your own author rewards will be somewhere between 50-100% of this value.
[3] MAP Rewarder distributed payout sent to delegators this week as tokens and the MAPR price adjusted to reflect this.
[4] Equivalent compounded yield as an APY for this week's distribution in [3]. We now have enough data to give a better historical picture of progress and have including a 26-week average to give a measure of medium-term returns.
[5] Our BUY price is the price you may sell your MAPR tokens such that their value in STEEM is the same as if this week's distribution was done by direct STEEM transfer.
[6] Our SELL price is about 1% above the BUY price.

Our MAPR distribution [3] is much higher than the average blockchain author rewards [2].

Our payout [3] is now significantly higher than most users can achieve [2a, b & c]

and

higher than most users can even generate with a full vote [1b, 1c].

Profits will be paid today in the new MAPR tokens.

MAPR News

Good to see our income continue to rise from 17.1% to 17.5%; we last saw this at the start of January. The Steem blockchain continues to produce - in theory - extraordinary returns and has now inched above 30% APR for a 1 million SP vote. However, we still don't see this wholly reflected in our own activity, so continue to suspect that issues with processing blocks remains a drag on full activity manifesting itself in the reward pool.

The last time we were here was just after HF21, but that was largely due to a problem that required a quick fix HF22 and several hours of down-time. The rewards spiked up briefly then slowly drifted back down, albeit over a couple of months. But in our current situation, I have no idea when the reward pool will start to drop again. For now, enjoy the rewards.

The main MAPR news is that we are now back to having a variable sale price just above the buyback price. We have launched our new M token and MAPR members will see their token airdrop on H-E. The M token is managed by the same @accelerator account, so please follow it to get further updates.

If you hold any other MAP FinTech token, please read the most recent posts for instructions: MAPX and MAPXV are winding down but MAXUV and MAPR shall continue to operate.

And finally, although our weekly returns are variable, here is a graph of how we have been performing since the MAPR token was launched. (Thanks to @gerber for the discord-bot.)

MAP Rewarder, without the token, has been in operation for over 24 months, so you can extrapolate back from that graph to get an idea of our returns to members. We celebrated 2 years of operations at the start of February.

This graph is a record of actual transactions on the Steem Engine exchange so it can, in practise, deviate from this apparently-straight line. This can happen if there are large buyers or sellers that can use up all the tokens at a particular price-point. At the moment, we are largely seeing buy-and-hold trades and the market behaves more like a shop than an exchange. So this is just a reminder that it is a marketplace and you can leave open orders to either buy below our own current price, or sell slightly above it.

See you next week!

Next rewards distribution will be on Monday 4 May.



Building Steem's Fintech

[BUY MAXUV] - [READ MAXUV]

[BUY MAPR] - [READ MAP REWARDER]

Plus Some Serious Funtech

ONECENT: The First Strategic Token Investment Game (STIG)

ADDAX

TULIP MANIA

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Hi @accelerator, the ADDAX Game is over and you must cash-out your tokens.
Please read this announcement. We made an average of 48.6% for the 28 days.
Thanks for playing!

Thank you for being a part of the INCOME entertainment Fund, where builders are sought and supported!

This service is managed by @ecoinstant.

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