MAXUV Weekly Statement & Token Distribution - over 16% APR - 8 November 2020 [MAP Steem FinTech]steemCreated with Sketch.

in Project HOPE6 months ago

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.

We have actually gone up a little this week, this in spite the falling price of STEEM. Indeed, Steem has reached 10% debt-ratio and is hence in its price-stability mode, with the coin price calculated algorithmically rather than from the witness price feeds.

Indeed, such periods are not always bad for the economy as the blockchain price is stable and hence votes and rewards are stable. It is also a time when using the SBD conversion tool can be profitable, so long as the official price is below the internal market price.

Dlease rates seem, to me, to still be very high, but is good for delegators.

A reminder that Steem keeps flirting with its price-stability mechanism as the SBD debt-ratio hovers dangerously close to the 10% level. This may mean further turbulence in yields, but can often be positive too. This really depends at what level the blockchain freezes the STEEM price compared to the SBD price - unless, of course, it starts to rise significantly.

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 = 23,005
SP in MAXUV = 10,455
Earning SP = 19,545
Other STEEM = 420
Total STEEM = 10,875


Estimated Gross Earnings = 4.33 STEEM per 1000 MAXUV = 22.5% APR
(4.33 = 2.50 votes + 1.83 income)
Estimated Net Earnings = 3.06 STEEM per 1000 MAXUV = 16.0% APR
(3.08 = 1.25 votes + 1.83 income)

Total MAXUV Distribution = 42.0 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.

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