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MAPX Token Weekly Profit Statement & News - 29 December 2019

Welcome to this week's review.

Market activity has been modest, yet MAPX token prices are now down at the same level as our ABV. This means that tokens can be bought and held as investments even by those who rarely, if ever, post and who thus don't even need the upvotes. I also notice a lot of members with less than ten tokens; maybe at that level they are useful "lottery tickets" for some of our random bonuses.

Our SP is significantly higher than the number of staked MAPX tokens, and we're inching our way up to our target 10k SP.

One number I'd like to highlight is the VVT, the vote value per token, which now stands at 1.28 STEEM, up slightly from last week. The market price is currently lower than this, so is a strong buy signal.

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.

One last thing, MAXUV is sponsoring the Buildbetter Contest - please read more about that here.

Have a good New Year!

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.

As I haven't posted in a few days, here are a few prizes:

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

Winners of TRENDO tokens are... @dksart and @kggymlife.

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.

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 (6810 staked)
SP in @MAP10K = 9880
Mining SP = none
Other STEEM = 1035
Total STEEM = 10915
Total Income = 21.20
Fee = 2.12
Total STEEM carried down = 10913

MAPX VV/Token = 1.28

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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Posted via Steemleo | A Decentralized Community for Investors

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