MAP Rewarder: MAPR Payouts to Delegators and Price Increase for Token-Holders for 18 Nov 2019 (18.5% APR)
Earn significant passive income with STEEM without locking SP by investing in MAPR tokens.
This week's distributed profits are 0.355%, equivalent to 18.5% APR.
Remember that MAPR has a unique distribution and pricing system. If you look at the MAPR tokens you, as delegator, have received today, multiply that number by the new official BUY Price and you get the same amount in STEEM as you would have done under the old system of just paying out STEEM transfers.
Token-holders receive no token distribution, unless they are also delegators. Their profit comes in the token price increase.
The added bonus is that if you don't sell this week's tokens, then next week their value will rise to at least the new BUY Price. This is how the token allows compounding of profits, for both delegators and token-holders.
Using the language of investment trusts, delegators hold "income" stakes where the "interest" is paid out in tokens, whereas token-holders have "capital" stakes where the profit is added to the token price.
MAPR: The Numbers
All these numbers relate to a 7-day period (Monday to Sunday) and calculated in STEEM per SP.
Value of Steem upvotes = APR 22.2% [1a], 12.7% [1b], 12.1% [1c]
Value of Steem author rewards payouts = APR 11.1% [2a], 6.4% [2b], 6.0% [2c]
Distributed MAPR payouts = 0.355% (APR 18.5%) [3]
Total MAPR payouts = 0.362% (APR 18.8%) [4]
MAPR BUY Price: 1.06202 STEEM [5]
MAPR SELL Price: 1.07264 STEEM [6]
[1] Theoretical maximum value of Steem upvotes, assuming 10 full upvotes at 100% power for 7 days, averaged over 7 days and expressed as an APR. This calculation was performed for an SP of 1 million STEEM to be as close as possible to linearity. Your own upvote will be somewhere between 50-100% of this value.
The values are now calculated for three levels of voting power: 1 million SP (a); 10,000 SP (b); and 1,000 SP (c).
[2] Theoretical value of Steem upvote author rewards, assuming 50% curation rewards, 50-50 split of post payouts and SBD print rate, averaged over 7 days and expressed as an APR. Your own author rewards will be somewhere between 50-100% of this value.
[3] MAP Rewarder distributed payout sent to delegators this week as tokens and the MAPR price adjusted to reflect this.
[4] Total payouts for the week, including bonus upvotes, free full upvote, free SBI and this week's distribution.
[5] Our BUY price is the price you may sell your MAPR tokens such that their value in STEEM is the same as if this week's distribution was done by direct STEEM transfer.
[6] Our SELL price is about 1% above the BUY price.
Our MAPR distribution [3] is much higher than the average blockchain author rewards [2].
Our payout [3] is now significantly higher than most users can achieve [2a, b & c]
and
higher than most users can even generate with a full vote [1b, 1c].
Profits will be paid today in the new MAPR tokens.
MAPR News
Our profit distribution has remained at about the 18.0% APR mark or higher. This comes from a mixture of post and curation rewards and token trading. With the new Steem economy, the latter has become more important.
Notice that Steem's top-end upvote value has finally stopped dropping and has edged up this week from 22.0% to 22.2% - we shall see what happens next week.
Our income of 18.5% APR sits well above the 75% level of a whale's self-vote (at about 83%), and significantly above what most users can generate, even from a self-vote including curation rewards.
So, by investing in MAPR, whether as a delegator or by buying tokens, you will be earning about the same percentage as a whale. Sure, it won't be the same amount but it is the same percentage - and with a non-linear curve that's important.
Although our weekly returns are variable, here is a graph of how we have been performing since the MAPR token was launched. (Thanks to @gerber for the discord-bot.)
MAP Rewarder, without the token, has been in operation some 22 months, so you can extrapolate back from that graph to get an idea of our returns to members.
There really needs to be a psychological change in Steem users who think that SP is the only way to invest in the blockchain. Tokens such as MAPR, and others in the MAP FinTech family, are designed to achieve high and stable returns without any SP. This also means you no longer have to wait 14 weeks to undelegate SP and then power it down fully.
See you next week!
Next rewards distribution will be on Monday 25 November.
[BUY MAXUV] - [READ MAXUV]
[BUY MAPR] - [READ MAP REWARDER]
[BUY MAPXV] - [READ MAPXV]
ONECENT: The First Strategic Token Investment Game (STIG)
A bonus $trendotoken tip from ONECENT!
Also consider MAPR fund and MAXUV vote bonds too.
MAP Steem FinTech: growing your STEEM without SP.
Hi @accelerator, a small upvote and a tip from the ADDAX trading game! Round 2 has closed - Round 3 to start soon.
$trendotoken
Hi @accelerator, a free $trendotoken from the TULIP Mania Game!
Round 3 will start soon and full details will follow. Thanks for playing!
A member bonus $trendotoken tip for @accelerator from MAXUV!
Also consider our MAPR fund and MAPXV vote bonds too.
MAP Steem Fintech: growing your STEEM without SP.
Hi @accelerator, a modest tip of appreciation:
$trendotoken
Thanks!
Dear @accelerator
I just found out about your project and I'm doing my best to understand your economy.
Correct me if I'm wrong, however it seem that you're providing delegators with MAPR tokens. And amount of received MAPR tokens depends on current price of that token (comparing to steem).
So if price of MAPR will go up, then delegators will receive less of that token. At the same time if price of MAPR would go down, then delegators will receive more MAPR tokens.
Is that part correct so far?
I'm trying to figure out where value of MAPR token would be coming from.
I presume that you're using part of curation rewards to purchase MAPR tokens from the market. This way you're building some demand and bringing price up. That seem to be quite clear to me.
However I'm failing to understand how this business model could be sustainable in a long term. Where demand for MAPR tokens would be coming from (except of using part of curation reward with buy-back program).
It seem that this economy can last as long as most delegators will hold to their MARP tokens. Which makes it very fragile and it does look a bit like "milking the cow".
My most important questio is: do you plan to come with other ways of building demand for MARP tokens? Will this token serve any purpose except of speculative re-puchasing tokens?
Yours
Piotr
Hi, the MAPR token prices we set are calculated based on weekly income, so reflect the underlying value of the whole fund, including SP and other invested tokens. The way it is calculated ensures both delegators and existing token holders receive the same percentage increase.
We have been operating for almost 2 years and scales both up and down; we don't need delegators as can operate entirely on our own steem. It is a managed fund that generates income for investors.
The market appears thin because most people keep holding on to their tokens, however, there are sellers who cash-in sometimes. The market price may fall if many members sell their tokens, but this does not affect the following week's price-point - just like an investment trust will publish its NAV but the market can be at either a discount or premium to that Net Asset Value.
Hope that helps.
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