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MAPX Token Weekly Profit Statement & News - 22 September 2019

Welcome to this week's review.

The main news is that we have increased our SP further and that, despite a turbulent market, we are keeping both our ABV and Vote Values well above unity.

We have decreased our reliance on delegated SP and aim to power up our holdings as briskly as possible. This has meant that the ABV has decreased but is still at 1.08, meaning that our assets are more than the MAPX tokens held. Our VVS has dropped to 1.20, so our upvotes are only 20% higher than would be achieved through one's own SP, and a VVT of 1.10 means that we are still about 10% under-priced on the market.

Putting all those together means the current market price of about 1.08 STEEM is at the low end of a range of 1.08-1.18 STEEM.

To help our members further, we shall be placing a few modestly-priced tokens on the market. However, MAPX is the oldest of our vote bonds and has the smallest token number, so those who appreciate our service should really start looking at MAPXV and MAXUV to further support their posts and boost their returns.

The Steem blockchain is currently rather chaotic in behaviour and people are still finding their feet. Many tribes now have very different reward parameters compared to the underlying Steem, so an individual needs to make some choices as to which platform(s) to call home and focus on those tokens - without forgetting that STEEM remains the base currency.

Have a good week!

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. We are also aware that HF21 is imminent although there is no fixed date as yet.

The headline figures are:

MAPX tokens active = 9130
SP in @MAP10K = 7800
Mining SP = 2,000
Other STEEM = 2070
Total STEEM = 9870
Total Income = 40.40
Fee = 4.04
Total STEEM carried down = 9866

MAPX VV/Token = 1.10

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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