Welcome to our weekly account statement.
This week has seen very little activity on the sales front, although we have been increasing our SP.
As I said last week, sales are taking place in bursts and this week has seen a stark lack of them! Existing MAPXV members are doing well and enjoying very high upvotes. Our VVT has even gone up to 15.5, meaning that votes are some 15 times higher than the equivalent votes using STEEM as SP.
Other Steemians just need to wake up to the fact that they don't need to suffer low returns.
One other important lesson is that holding SP is no longer as important as it once was. Powering down that SP and buying some MAPXV tokens will yield higher returns than you would with that SP - and that includes any curation rewards earnt. So-called proof of brain is proof of intelligence, meaning use your proof of stake wisely.
A reminder that MAXUV is sponsoring the Buildbetter Contest with a donation of 500 MAXUV tokens.
We shall, as always, continue to monitor developments on the Steem blockchain.
Any questions, please ask in the comments below, or you may ask in our new public Discord room.
Have a good weekend!
MAPXV Headline Numbers
The headline figures are:
MAPXV tokens active = 8000 (20,000 max)
SP in @MAPXV = 7274
Mining SP = 27,550
Other STEEM = 1982
Total STEEM = 9256
Total Income = 77.00
Fee = 7.70
Total STEEM carried down = 9248
MAPXV ABV = 1.17 STEEM
MAPXV VV/STEEM = 26.5
MAPXV VV/Token = 15.5
Note that "Other STEEM" is the sum of all holdings not powered up as SP: liquid STEEM and SBD plus holdings within Steem Engine to maintain market liquidity plus some investments; we also now have stakes in MAPR, MAPX, PAL and LEO, and some others, and receive rewards from them. Also note that 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 @MAPXV account.
Income includes rewards and token trading profits but excludes token sales.
The Asset Backed Value (ABV) is our total holdings calculated in STEEM divided by the number of active MAPXV tokens, whether staked or unstaked. Given that MAPXV token holders are getting 8 times the equivalent daily upvotes per STEEM, and adjusting for a variable VP, I shall leave it to the investor to calculate a market price for MAPXV tokens.
If VVS > 8.0, then MAPXV stake-holders are getting upvotes of greater value than the par 0.2% twice per day per token.
If VVT > 1.0, then MAPX tokens are under-priced on the market and good value to buy.
ONECENT: The First Strategic Token Investment Game (STIG)