Welcome to our weekly account statement.
Another week of consolidating our account so that more funds are allocated to SP.
The liquidity freeze has passed and we have been able to move funds around. The MAPXV fund is a vote bond that provides very high upvotes plus capital gains from income. Sales remain slow and, given the high value of the delegation-miners, we feel that increasing upvotes further does not appear to encourage such sales, hence we have started to delegate to services that will increase income for the long term.
Our upvote value VVS remains high at 29.39, with VVT at 17.29; what these mean is that members are getting 29 times the upvotes for each STEEM invested in MAPXV compared to having the same STEEM powered up as SP. If these are not high enough, then I'd challenge anyone to find anything similar.
Our ABV has dropped to 1.09 STEEM as the number of active MAPXV tokens has increased, meaning they show up in user balances, but these have been traded between members rather than coming from our own stock of tokens, hence such sales do not appear as income. There has also been a modest increase from tokens given to our delegation-miners.
As I have said before, these target parameters have not changed since HF21 as they are based on the ratio of our upvotes compared to your own SP upvotes. Yes, both have dropped with respect to author rewards but their ratio remains the same. Indeed, unless you yourself have some 30k SP in your account, the non-linear curve means that upvotes from MAPXV are now worth slightly more than from your own SP.
Our MAP FinTech vote bonds were designed before HF21 was unleashed on the chain but backed up by my own analysis of what the real consequences were going to be. Hence, if you do carry on posting, these vote bonds will increase your rewards more than the equivalent STEEM powered up as your own SP. That was, and remains, their whole purpose.
Worth also reading last week's report as there is some useful information about HF21 and how to re-think one's earning strategies; I also don't wish to repeat it all.
Any questions, please ask in the comments below, or you may ask in our new public Discord room.
Have a good weekend!
The headline figures are:
MAPXV tokens active = 6689
SP in @MAPXV = 4778
Mining SP = 23,500
Other STEEM = 2481
Total STEEM = 7259
Total Income = 72.50
Fee = 7.25
Total STEEM carried down = 7252
MAPXV ABV = 1.09 STEEM
MAPXV VV/STEEM = 29.39
MAPXV VV/Token = 17.29
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, 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.
ONECENT: The First Strategic Token Investment Game (STIG)