MAXUV Weekly Statement & News - What do I do now? - 8 September 2019

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Welcome to our weekly MAXUV account statement.

This has been a challenging week both on the Steem blockchain and the Steem Engine token market.

The one bright spot is that our program still works and is giving out very high votes to members who post.

Our growth has, however, slowed down, in line with the overall activity of the Steem ecosystem. Our active tokens show those that have been sold; whether they receive upvotes or not depends on whether they show up in the person's balance. Tokens that are placed for sale are removed from one's balance and hence will not be part of the upvote percentage. As there is no unstaking period, this is more than fair.

Our asset base value (ABV) has dropped temporarily below unity because of all the discounted tokens sold in the run up to HF21. Many such tokens are now on sale but we do not receive any sales income as they no longer belong to us. Hence the active tokens have increased without the commensurate income coming in this week.

The whole aim of MAXUV is to deliver upvotes that are larger than can be possible for an individual's own SP. Our target is to deliver 150-200% of a day's upvotes in one vote. We are currently delivering 186% in two votes, so almost double a day's returns if one posts at least twice per day.

Remember that these target values are not affected by HF21 as they are relative to one's SP, so although many rewards have dropped in STEEM terms, the relative size of our votes remains the same.

This MAXUV report is the third one I am writing today and so is interesting to find something new to say. Before I do so, worth reading the MAPX report and the MAPXV account as this will make much more sense after reading those.

Many long-standing Steemians are (finally) expressing their dismay at their experience of HF21. This also means they haven't prepared a strategy of how to move forward and earn money in the best ways that the blockchain still supports. This goes back to an old dilemma I had some 2 years ago. How to make money and support a community?

The answer is quite simple in that one has to split the income-generation from the community-support activities; merely giving out curated upvotes does not in itself scale or grow very quickly. This is how the former MAP Community turned into MAP Rewarder; initially it was just to support community members but then grew to become an independent fund. This is really no different to large charities having corporate off-shoots that earn an income for the charity.

So, even if you are thinking through this on your own, as an independent blogger with all the different relationships you have formed within communities, even then it is an important step to separate the social side from the financial side. The MAP FinTech family of tokens were designed specifically to help Steemians make the extra money they need so that they can concentrate on their content and social life. It's that simple, but it needs a change of point of view that the Steem blockchain is not, within its rules, a social blockchain.

The blockchain has no sense of aesthetics, no morals or scruples, no sense of taste (good or bad) and it doesn't care about your feelings. It is a machine with rules. You may interpret those rules through your own moral lens, but that doesn't guarantee that everyone else will have your same point of view. However, arguing about such interpretations does nothing to change the code. You have even witnessed how such wishful thinking is used to promote rules that do the very opposite of what the words suggest.

So, think about how to align your aims with how the blockchain now works and you may hopefully be both happier and wealthier.


The MAXUV headline figures are:

MAXUV tokens active = 8093
SP in MAXUV = 6671
Voting SP = 21,671
Other STEEM = 1042
Total STEEM = 7713

MAXUV ABV = 0.953 STEEM
MAXUV VV/STEEM = 186.0% in 2 votes per day

Note that "Other STEEM" is the sum of all holdings not powered up as SP: liquid STEEM and SBD plus holdings within Steem Engine. Also note that such 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 @MAXUV account.

The Asset Backed Value (ABV) is our total holdings calculated in STEEM divided by the number of active MAXUV tokens.

Target value for VVS is 150-200% in 1 upvote per day.

Full details of how the MAXUV token operates can be found at our launch document.

Any questions, please ask in the comments below.



Building Steem's Fintech

[BUY MAXUV] - [READ MAXUV]

[BUY MAPR] - [READ MAP REWARDER]

[BUY MAPXV] - [READ MAPXV]

[BUY MAPX] - [READ MAPX]

Plus Some Serious Funtech

ONECENT: The First Strategic Token Investment Game (STIG)

ADDAX

TULIP MANIA



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

You distributed more than 500 upvotes. Your next target is to reach 600 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

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