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MAPX Token Weekly Profit Statement & News - 2 February 2020 [MAP Steem FinTech]

Welcome to this week's review.

A good week overall, with staked MAPX tokens rising by over 1,000 units. Our SP has reached its target 10,000 SP, so assuming all tokens are sold and staked, members will be receiving a full expected vote.

In reality, sold tokens remain at around the 9,600 level, so much of the trading is now between existing members and new users. Our active voting SP has dropped a bit but is still comfortably higher than the number of staked tokens. This is to increase our income further. The next target is, indeed, to achieve a voting SP of over 10,000 STEEM; this may take a while but rest assured that if staking rises significantly I shall decrease the outward delegations.

Our voter has been a bit glitchy at time, although this seems to be a consequence of API issues, so beyond our control. However, I do check daily for missed votes and do upvote manually any posts that have been missed in error. However, also bear in mind that MAPX delivers one upvote per UTC day; this means it is possible for it to be the "next day" in your timezone but for it to fall within the same day as defined by UTC.

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.

Note that the TULIP Mania Game restarts today!

Also, MAXUV tokens being given as prizes in this Third Nonsense Writing Contest

Have a fine 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 22 months.

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

And... here are a few prizes:

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

Winners of TRENDO tokens are... @voxmortis and @trailofwhales .

Prizes last for at least 10 days and TRENDO tokens are subject to supply.

Note that the random draw is done from the top 100 MAPX token holders. If you are outside this top 100, then your name will not appear in the draw. At the moment, this means having at least 2 MAPX tokens to be safe.

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 = 9640 (7670 staked)
SP in @MAP10K = 10,018
Mining SP = none
Other STEEM = 976
Total STEEM = 10994
Total Income = 33.0
Fee = 3.30
Total STEEM carried down = 10991

MAPX VV/Token = 1.08

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.

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