MAPX Token Random Bonus Upvotes & News (3,320% Upvotes! What does it mean?) - 6 Jul 2019

Some Thoughts on Numbers

I have noticed some programs claiming ludicrously high percentage returns, so I thought I'd join the game!

You may notice in the title that I claim 3,320% returns on upvotes.

What does that mean? How is it possible to get 3,320% on a blockchain with an inflation rate of just over 8%?

Let me explain.

If you buy and stake 1 MAPX token you will then receive one daily upvote at a voting weight of 0.1% per token. Every token will get you the same weight, so staking 20 MAPX tokens will yield a 2.0% upvote.

However, the magic happens because of all the delegated SP mining MAPX tokens. We currently have a total voting SP of just over 33,200 STEEM. This means your 0.1% upvote is equivalent to 33.2 SP voting power even though the token is only worth approximately 1 STEEM.

That means you are getting 33.2 times the upvote you would get if you used that 1 STEEM to upvote yourself. If we express that as a percentage, then we get the 3320% as advertised!

However, this is the return of just one upvote; if you did keep your STEEM to yourself then you'd be able to make ten full upvotes per day, allowing your voting power to fully replenish.

So, on a daily basis, rather than on a per upvote basis, that 3320% comes down to 332% - still very good but just looks less fantastical!

But are you really getting 332% of your 1 STEEM? No! That 332% is a measure of how large your upvote from MAPX is compared to a day of self-voting.

So what is your real return as a percentage of 1 STEEM (or 1 SP, same thing)?

Well, the Steem blockchain upvotes are currently worth the equivalent of about 21% APR. This means that after a year of self-upvoting your 1 STEEM has turned into 1.21 STEEM. Certainly very good compared to most off-chain investments, but we're slowly coming down to Earth.

So this means that your MAPX upvotes of 332% will be worth almost 70% APR per STEEM - that is calculated from 332% of 21%. So your 1 STEEM staked in MAPX will be worth 1.7 STEEM after a year.

We may have come down a long way from the stratospheric 3320% (per upvote) to the more realistic 70% (per STEEM per year), but I hope you have gained some insights into how these percentages are calculated - and what they really mean.

Still amazing, but not miraculous!

(BTW have ignored curation rewards as that would confuse the issue I have presented - just deduct curation rewards for payouts.)

As our higher rewards are bearing fruit (with thanks to all the delegation-miners!) so we shall continue to distribute random bonuses.

Some bonuses are also not so random but shall be given to those stakeholders who promote MAPX in some way, either by resteeming or tagging this @MAP10K account in a comment or post.

News

Today's random prize is a Double Upvote for one week; this will double whatever the current stakeholder upvote is.

Today's winner is @leaky20!

Congratulations!

We are also giving away one small upvote to a MAP Rewarder delegator with a comment to, hopefully, encourage them to also hold MAPX tokens.

Today's winner is @binkyprod.

They have received a 1% upvote, equivalent to 10 staked MAPX tokens.

And finally, our TOKENOMIX CONTEST - Win MAPX tokens - Round 8 of 10 will run for a couple more days, so still a chance to win 1 free MAPX token.

Remember too, that every token is backed by SP making its value stable compared to STEEM.

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Please Comment, Resteem and Upvote. Thanks!

@rycharde manages the MAP Rewarder high income program and MAPX Token.