MAXUV Weekly Statement & Token Distribution - over 14% APR - 20 March 2022 [MAP Steem FinTech]
Welcome to our weekly MAXUV account statement.
Firstly, please read our post about MAXUV winding down.
OK, some changes can now be seen. The rewards have now dropped to the point where the gross APR, including the adjustment for SBD, is slightly higher than the Steem gross vote yield. This means members are not really losing anything as we wind down.
The second thing is that the token buyback price has dropped to 0.86 HIVE - I have now included that buyback price in the data. This will drop by 1 cent each week. As I said last week, it is very much up to members to calculate the worth of their tokens compared to the returns. We are already seeing a nice drop in active tokens.
To those not reading these posts and leaving tokens for sale at the original 0.90 STEEM price, all I can suggest is to pay more attention to your investments.
We have yet again seen a bit of income from both TRX. The numbers are modest, so will do this as and when they add up to a meaningful amount. Because of the winding-down process, we have cashed-out the BLURT, so has been a nice extra capital rather than just the income. TRX is purely income and has no capital, hence that cannot be cashed out as a lumpp sum.
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.
Votes will stop on Sunday 3 April 2022.
Rewards will then stop on Sunday 24 April 2022.
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 = 8,130
SP in MAXUV = 6,300
Earning SP = 15,840
Other STEEM = 95
Total STEEM = 6,395
MAXUV Buyback = 0.86 STEEM
MAXUV ABV = 0.79 STEEM
Estimated Gross Earnings = 2.47 STEEM per 1000 MAXUV = 12.8% APR (inc SBD est. 24% APR)
(2.47 = 1.44 votes + 1.03 income)
Estimated Net Earnings = 1.75 STEEM per 1000 MAXUV = 9.1% APR (inc SBD est. 14% APR)
(1.75 = 0.72 votes + 1.03 income)
Total MAXUV Distribution = 8.0 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.
[BUY MAXUV] - [READ MAXUV]
[BUY MAPR] - [READ MAP REWARDER]