Welcome to our weekly MAXUV account statement.
Our hybrid votes-and-rewards model seems to be working well, with total income significantly higher than many other programs for a similar stake.
This week we see an increase in overall yield, largely due to our income stream. Indeed, the vote-yield has dropped slightly, although as I've mentioned a few times now, adding the elevating effect of SBD shows even the vote values have increased. I don't wish to clutter even further the data, so I'm not going to do the full calculations with and without the SBD effect.
I'd also like to mention the buybacks; the promise made in the original document is that we would guarantee buybacks at the set price and up to the value generated for that week. When users wish to sell more, we do have a buffer of holdings, but once those are used up then one just has to use the market. It is thus very much up to the individual to decide whether to wait or sell quickly. Indeed, we cannot be the only buyer every week; there are many attractively-priced MAXUV tokens available for sale for someone to increase their holdings - and the value of their votes.
We have yet again seen a bit of income from both TRX and BLURT. The numbers are modest, so will do this as and when they add up to a meaningful amount.
Dlease rates seem, to me, to still be very high, but is good for delegators. Indeed, as users realise the value of TRX tokens, we may see these leasing rates 10-20% higher than the historical values that closely tracked vote-yields.
A further reminder, that the voting will remain at 100% for 2,000 tokens, and the capital limit is 5,000 tokens for a share in the weekly rewards. You may, of course, hold more than this like a deposit account. Minimum holding is now 10 MAXUV tokens.
The difference between MAXUV and MAPR is that MAXUV will have no delegators and will be paying out in MAXUV tokens whereas MAPR does accept delegators, pays out in tokens to auto-compound but does not give upvotes nor measures posting activity.
I hope these two programs will help members achieve greater rewards from both staking and posting.
Enjoy your week!
The MAXUV headline figures are:
MAXUV tokens active = 18,620
SP in MAXUV = 9,620
Earning SP = 18,860
Other STEEM = 200
Total STEEM = 9,820
MAXUV ABV = 0.53 STEEM
Estimated Gross Earnings = 4.83 STEEM per 1000 MAXUV = 25.1% APR (inc SBD est. 40% APR)
(4.83 = 1.95 votes + 2.88 income)
Estimated Net Earnings = 3.86 STEEM per 1000 MAXUV = 20.1% APR (inc SBD est. 32% APR)
(3.86 = 0.98 votes + 2.88 income)
Total MAXUV Distribution = 55.0 MAXUV
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.
Full details of how the MAXUV token operates can be found at our launch document, although there have been tweaks and updates since.
Any questions, please ask in the comments below or in our public chatroom.