MAPXV Daily Report, Free Tokens & News - ADDAX, IMF - 23 Sep 2019

in #moneylast year

A decent day today, with some sales, some further powering up and the start of a new ADDAX game.


Good to see some token sales again. We've also sold some MAPR holdings; worth reading the MAPR report. MAPR is really a useful stablecoin, even if not designed to be, and we shall continue to invest liquid funds in the future, but at the moment, our focus must be on increasing our SP.

The ADDAX Game Round 2 started a short while ago with a Dutch auction, so plenty of fresh tokens still available.

My reminder that MAPXV remains our most valuable vote-bond, still yielding about 29 times the daily upvote value of the same STEEM compared to powering it up as one's own SP. Currently priced at about 1.8 STEEM, MAPXV tokens remain a bargain.

Crypto News

The IMF continues to lay the groundwork for central bank cryptos.

Digital Currencies: The Rise of Stablecoins

Essentially an article summary of this longer paper, the IMF's first Fintech Notes:

The Rise of Digital Money.

This paragraph is interesting:

Fifth, stablecoins could provoke the loss of “seigniorage,” where central banks capture profits from the difference between a currency’s face value and its manufacturing cost. Issuers could siphon off profits if their stablecoins do not carry interest but if the hard currency backing them earns a return. One way to address this issue is to promote competition so issuers of coins would eventually pay interest.

I have increased the prize to be in line with that given by MAPR, so that it is equal to today's date in decimals.

A random prize of 0.24 MAPXV to one lucky member.

And, our winner today is... @dimarss .

Just to add that this will be a lucky time for some members as there are not so many individuals that are not part of the MAP FinTech family. I don't think it fair to give prizes to myself!


Please comment, upvote, resteem and tell everybody about this post...

Building Steem's Fintech





Plus Some Serious Funtech

ONECENT: The First Strategic Token Investment Game (STIG)




Hi @mapxv, as a member of MAPX, you just received an upvote. This info-message is to announce that the ADDAX trading game will start Round 2 on Monday 23 September. Read the new announcement on ADDAX.
Thanks and hope to see you in the game!

Congratulations @mapxv! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 50 comments. Your next target is to reach 100 comments.

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To support your work, I also upvoted your post!

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