MAPX Token Weekly Profit Statement & News - 17 November 2019

in money •  5 months ago 

Welcome to this week's review.

Good to see some renewed market activity, but as we have few tokens left, this is largely trading between existing and new members. The tokens remain attractively priced, with their value about 50% higher than the equivalent STEEM in SP. You can see this reflected in our VVS value of 1.5. The reason this is rising is that some of the earliest MAPX holders are placing some tokens on the market so that more members can benefit from our service. We hope to see the price pick up again towards the 1.20 STEEM mark, but the market is fine somewhere between 1.12-1.20.

We also continue to seek additional member benefits, such as TRENDO tokens. We feel that such "tipping tokens" can form a useful part of the whole Steem economy, and we welcome the sight of more of them coming to market.

One last thing, MAXUV is sponsoring the Buildbetter Contest - please read more about that here.

Have a good week!

What is MAPX?

MAPX was our first "vote bond" in the MAP FinTech family of programs. It is designed to deliver a 0.1% upvote per token held, with a maximum holding of 1000 tokens. The fund has a total of just 10,000 tokens available. MAPX token holders also benefit from profits being compounded into SP so that the token price should slowly rise.

MAPX is thus designed like a bond in that "interest" is earnt as upvotes, plus each token is backed by STEEM so that the capital value slowly increases in line with our fund. MAPX is managed by the same team as MAPR, which has been distributing profits to Steemians for 20 months.

As MAPX tokens have nearly sold out, we would encourage new members to consider the open-ended token @MAXUV.

As I haven't posted in a few days, here are a few prizes:

Winner of a double vote and TRENDO tokens is... @sammosk

Winners of TRENDO tokens are... @jeffjagoe and @blue.rabbit

prizes last for 10 days and TRENDO tokens are subject to supply.

Please note that I always qualify any forward predictions as they are subject to technical issues such as the proper functioning of the blockchain and our own algorithms.

The headline figures are:

MAPX tokens active = 9600 (7535 staked)
SP in @MAP10K = 9604
Mining SP = 2,000
Other STEEM = 1153
Total STEEM = 10756
Total Income = 32.00
Fee = 3.20
Total STEEM carried down = 10753

MAPX VV/Token = 1.29

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, 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 @MAP10K 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 MAPX tokens, whether staked or unstaked. This shall be used as the lowest price we offer MAPX tokens on the Steem Engine market.

If VVS > 1.0, then MAPX stake-holders are getting upvotes of greater value than the par 0.1% per token.

If VVT > 1.0, then MAPX tokens are under-priced on the market and good value to buy.

Full details of how the MAPX token operates can be found at New MAPX Token for Upvotes and Value Growth.

Any questions, please ask in the comments below.

Building Steem's Fintech





Plus Some Serious Funtech

ONECENT: The First Strategic Token Investment Game (STIG)



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A bonus $trendotoken tip from ONECENT!
Also consider MAPR fund and MAXUV vote bonds too.
MAP Steem FinTech: growing your STEEM without SP.

Hi @map10k, a free $trendotoken from the TULIP Mania Game!
Round 3 will start soon and full details will follow. Thanks for playing!

A member bonus $trendotoken tip for @map10k from MAXUV!
Also consider our MAPR fund and MAPXV vote bonds too.
MAP Steem Fintech: growing your STEEM without SP.

A member bonus $trendotoken tip for @map10k from MAPXV!
Also consider our MAPR fund and MAXUV vote bonds too.
MAP Steem Fintech: growing your STEEM without SP.

Hi @map10k, a small upvote and a tip from the ADDAX trading game! Round 2 has closed - Round 3 to start soon.

Hi @map10k, a modest tip of appreciation:

Congratulations @map10k, your post successfully recieved 24.80067114 TRDO from below listed TRENDO callers:

@onecent earned : 4.677669 TRDO curation
@busbecq earned : 3.5741655 TRDO curation
@maxuvv earned : 2.15684775 TRDO curation
@mapxv earned : 2.51235675 TRDO curation
@addax earned : 0.46297575 TRDO curation
@rycharde earned : 3.149766 TRDO curation

To view or trade TRDO go to
Join TRDO Discord Channel or Join TRDO Web Site

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You got more than 600 replies. Your next target is to reach 700 replies.

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Vote for @Steemitboard as a witness to get one more award and increased upvotes!