MAXUV Weekly Statement & Token Distribution - over 16% APR - 4 October 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 most anything else I've seen.
This continues to be a turbulent period, with price oscillations and the Steem blockchain yield continues to fall. In the last 3 weeks, the yield of a whale vote has fallen from about 41% to 33%. This is still significantly above what the steady-state used to be, of about 20-24%, but we seem to be rapidly approaching it. The average user would see about half these values.
As I said last week, our mixed model means that we are able to keep the reward distribution higher than the vote values so that all members are getting a very good deal. There is no way to not react to the global parameters of the blockchain; all we can do is maximise earnings within the given economy. This is no different to real life.
On the plus side, MAXUV has been able to nudge up its fund value and we also have some more liquid cash to process more sales. We have some funds in Blurt and, sadly, will be powering those down - those will make up for some token devaluations. There are no plans at the moment to create a similar fund on Blurt. I would, however, encourage people to check their Blurt accounts as the environment there is being designed to be more responsive to the individual.
Another reminder that the MAXUV market is there to trade tokens. This is all very obvious but the price has fallen below our customary 0.90 STEEM buyback and there are some heavy sales before we ever get back to that level. This is all normal and how the market works; I have increased our power-downs to accommodate such sales but this takes time. There is no point the fund holding a huge reserve as that money would not be earning anything. So, if you are waiting for a sale, then just be patient - if not, then any quick sales will be a buying opportunity for someone.
A further reminder, that the voting will remain at 100% for 2,000 tokens, and the capital limit is 5,000 tokens for a share in the weekly rewards. You may, of course, hold more than this like a deposit account.
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!
The MAXUV headline figures are:
MAXUV tokens active = 23,222
SP in MAXUV = 11,070
Earning SP = 20,125
Other STEEM = 245
Total STEEM = 11,315
MAXUV ABV = 0.52 STEEM
Estimated Gross Earnings = 4.34 STEEM per 1000 MAXUV = 22.5% APR
(4.34 = 2.18 votes + 2.15 income)
Estimated Net Earnings = 3.24 STEEM per 1000 MAXUV = 16.9% APR
(3.24 = 1.09 votes + 2.15 income)
Total MAXUV Distribution = 50.0 MAXUV
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, although there have been tweaks and updates since.
Any questions, please ask in the comments below or in our public chatroom.
These short-term trading games may re-open if there is the demand.
The links are presented for information purposes.
ONECENT: The First Strategic Token Investment Game (STIG)