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MAPX Token Weekly Profit Statement & News (MAPR, MAPXV, TULIP) - 11 August 2019


Welcome to this week's review.

Two landmarks to report this week are the same two as last week! Both are good, so it just means the program continues to head in the right direction. The MAPX ABV continues to be above unity and we are even closer to 9,000 tokens being sold.

As you can see from the figures below, the MAPX ABV is now at 1.016, a touch down from last week but comfortably above unity. This means each token is now worth slightly above 1 STEEM, just based on the assets of the fund, ignoring the upvote value. This has been due to two factors: the slowly increasing market price of a MAPX token and the holdings in MAPR.

You may also notice we continue to have a rather large holding in "Other STEEM". This is largely in MAPR and MAPXV, plus the trading games. So I have no worries about the capital liabilities in these tokens, but as the delegation-mining will stop fairly soon, I need to speed up in converting them to SP. However, trading MAP FinTech tokens has been profitable so, as always, there is a balance to be struck.

In preparation for the departure of our miners, I have undelegated to MAPXV - the tokens were useful but the SP is required back home. Our delegations to SBI and MAPR will bring above average income so, for now, have kept those - I may reduce them in the short term, though.

Although the TULIP Mania Game was not a blistering success, its rather modest capital value means that it will be fairly easy for its ABV to push through the current price-point so that, hopefully, most people will see some profit.

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 = 8844 (+618)
SP in @MAP10K = 6325 (+230)
Mining SP = 16,900
Other STEEM = 2658
Total STEEM = 8983
Total Rewards = 101.20
Fee = 10.12
Total STEEM carried down = 8973

MAPX ABV = 1.016 STEEM

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.

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.

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

[BUY MAPR] - [READ MAP REWARDER]

[BUY MAPX] - [READ MAPX: The First Strategic Token Investment Game (STIG)

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