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MAPX Token Weekly Profit Statement & News - 3 November 2019

Welcome to this week's review.

This has been a slow week but have still been able to increase our SP.

Sales seem to be stuck around the current level, with some 8,300 MAPX tokens staked. The value in our tokens has risen slightly, meaning the upvote-value, with the VVT parameter up slightly at 1.17. This means our upvotes are about 17% above par. The market price is, however, at or below this level - another signal that MAPX tokens remain a good buy.

All of which indicates that MAPX remains attractively priced for the votes being delivered. Indeed, for anybody wondering how they may reach the maximum allowed tokens of 1,000, then may I suggest looking at @MAXUV; it is open-ended so tokens won't run out and it delivers higher votes than MAPX. With our own account down to our last few hundred tokens, buying 1,000 will mean that someone has to be selling them. However, building up to a few hundred tokens is possible. There are also other bonus benefits such as double-votes and TRENDO tokens.

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

Have a good 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 20 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... @theb0red1

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

prizes last for 10 days and TRENDO tokens are subject to supply.

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 = 9600 (8280 staked)
SP in @MAP10K = 9542
Mining SP = 2,000
Other STEEM = 1158
Total STEEM = 10700
Total Income = 71.00
Fee = 7.10
Total STEEM carried down = 10693

MAPX VV/Token = 1.17

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.

Building Steem's Fintech



Plus Some Serious Funtech



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