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MAXUV Weekly Statement & News - 29 September 2019 [MAP Steem FinTech]

Welcome to our weekly MAXUV account statement.

The Steem environment remains challenging but this has been a pleasing week.

We saw some nice sales in the last couple of days, and powering up the income has meant we have finally reached our target of 200% of daily upvote value delivered in 2 votes. Admittedly, this is also due to a low rate of posting resulting in a very high VP. But so be it, we make progress slowly, and the way MAXUV is designed means that early members gain the same benefits however many members are in the program.

On that note, because MAXUV requires adjustments made in the background, members are not actually in competition with each other for voting power. The voting weights are adjusted, both up and down, so that everybody gains, on average, the stated returns. As the number of members increases, then so will the number of tokens sold and hence so will our overall voting SP.

These are average figures that will fluctuate during the day in reaction to posting patterns, but we will manage the system in response to any obvious trending changes. This means that the best adverts for MAXUV are the members themselves and I would request that existing members encourage their friends to join. As I said, unlike MAPX and MAPXV that are closed funds, MAXUV is designed to be open-ended, scalable and equitable to all members. Of course, members who have invested more tokens receive higher upvotes, but in percentage terms everybody gets the same returns.

As I don't like repeating myself (nor of "plagiarising" myself), worth reading this weekend's reports from MAPXV and MAPX too.

The MAXUV headline figures are:

MAXUV tokens active = 8,590
SP in MAXUV = 7,564
Voting SP = 22,400
Other STEEM = 940
Total STEEM = 8,504

MAXUV VV/STEEM = 200.0% in 2 votes per day

Note that "Other STEEM" is the sum of all holdings not powered up as SP: liquid STEEM and SBD plus holdings within Steem Engine. Also note that such 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 @MAXUV account.

The Asset Backed Value (ABV) is our total holdings calculated in STEEM divided by the number of active MAXUV tokens.

Target value for VVS is 150-200% in 1 upvote per day.

Full details of how the MAXUV token operates can be found at our launch document.

Any questions, please ask in the comments below or in our public chatroom.

Building Steem's Fintech



Plus Some Serious Funtech



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