MAPXV Weekly Profit Statement & News - 22 September 2019 [MAP Steem FinTech]

Welcome to our weekly account statement.

Another week of consolidating our account so that more funds are allocated to SP. Indeed, both our ABV and VVS have increased.

Today we have continued to power up modest amounts of SP and good to see sales moving along. One puzzling thing is that the number of active tokens appears to have dropped from last week. Without doing a thorough search of the week's transactions, I can only assume a batch has been been put on sale, thereby being removed from the owner's balance. But with an increase in overall fund value, this has meant that the ABV has increased to 1.16 STEEM; this is the asset-backed value, ignoring the upvote service.

This has also meant that the Vote Value per STEEM has also risen to about 30, although the VVT is stable at about 17. MAPXV continues to deliver outstanding upvotes to support our members, all with the help of the delegation-miners boosting our voting SP.

A reminder that our overall fund includes a host of tokens, most of which have been accumulated as rewards, but a few have been investments. We shall continue to divest ourselves of most of these, with a few exceptions. It isn't up to me to manage those tribes, but most really need some advice on handling an economy, even a small-scale system such as a tribe. They need to sit down and analyse the current flows of their tokens and decide on how to make meaningful changes that redirect those flows into more valuable activities. What those activities actually are may depend on the specific tribe, but there will hopefully be some successful best-practices that admins can follow.

We shall continue to monitor developments.

Any questions, please ask in the comments below, or you may ask in our new public Discord room.

Have a good weekend!

The headline figures are:

MAPXV tokens active = 6520
SP in @MAPXV = 5093
Mining SP = 23,500
Other STEEM = 2489
Total STEEM = 7582
Total Income = 94.50
Fee = 9.45
Total STEEM carried down = 7572

MAPXV VV/Token = 17.0

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, MAPX, 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 @MAPXV 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 MAPXV tokens, whether staked or unstaked. Given that MAPXV token holders are getting 8 times the equivalent daily upvotes per STEEM, and adjusting for a variable VP, I shall leave it to the investor to calculate a market price for MAPXV tokens.

If VVS > 8.0, then MAPXV stake-holders are getting upvotes of greater value than the par 0.2% twice per day per token.

If VVT > 1.0, then MAPX tokens are under-priced on the market and good value to buy.

Building Steem's Fintech



Plus Some Serious Funtech



Comments 1