MAPXV Weekly Profit Statement & News - 13 October 2019 [MAP Steem FinTech]

Welcome to our weekly account statement.

This week has ended up looking decent, with some healthy sales in the last couple of days.

We have seen a rise in active tokens to about 7070, with total circulating tokens at about 7700 - the difference is in those tokens put on open sale. With the MAPXV price now just a fraction below 2.00 STEEM, our ABV has risen to 1.27 STEEM.

However, both our Vote Values have remained almost constant. This is because the voting SP has risen in line with new tokens sold. As I've said recently, at a multiplier of 17.0 this vote-bond remains under-priced and very good value to current members. So if the market is not going to bring this number down, then I can do so by using our own fund SP to delegate to other sources of income. This can always be changed if necessary in the future.

As announced yesterday, the delegation-mining rate has now changed. There isn't anything that delegators actually need to do except be aware of the changes. On that point, yesterday I forgot to tag the delegators, just to ensure they all read this. So here is a short list of those I haven't chatted to (and one who wanted a reminder): @blue.rabbit, @playdice, @shadowspub, @shaunmza, @shanghaipreneur and @theb0red1.

Thanks also to @ecoinstant for his support and he has taken this opportunity to use his SP on his own projects. Indeed, MAXUV is sponsoring his Buildbetter Contest. This contest is quite different to most others in that it is quite a lengthy process of nominations and reviews to really dig deep into the Steem ecosystem to find those projects, large and small, that are making a difference to Steemians. I think there are a number of weeks still to go, so if you have, or know of, a project that would qualify, then please read the guidelines and write a submission comment. MAXUV has sponsored the contest with a prize pool 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!

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The headline figures are:

MAPXV tokens active = 7066
SP in @MAPXV = 6195
Mining SP = 28,100
Other STEEM = 2810
Total STEEM = 9005
Total Income = 88.40
Fee = 8.84
Total STEEM carried down = 8996

MAPXV ABV = 1.27 STEEM
MAPXV VV/STEEM = 32.3
MAPXV VV/Token = 17.0

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.

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Building Steem's Fintech

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