MAXUV Weekly Statement & Token Distribution - over 13% APR - 27 February 2022 [MAP Steem FinTech]
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. However, some changes are of concern and I shall be posting further in a day or two. MAXUV will have to reset at a lower base in order to ride out this period.
OK, some changes starting. 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 0.89 HIVE, from 0.90. 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 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.
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 = 13,590
SP in MAXUV = 7,200
Earning SP = 16,720
Other STEEM = 10
Total STEEM = 7,210
MAXUV ABV = 0.54 STEEM
Estimated Gross Earnings = 2.13 STEEM per 1000 MAXUV = 11.1% APR (inc SBD est. 23% APR)
(2.13 = 1.39 votes + 0.74 income)
Estimated Net Earnings = 1.44 STEEM per 1000 MAXUV = 7.5% APR (inc SBD est. 13% APR)
(1.44 = 0.70 votes + 0.74 income)
Total MAXUV Distribution = 10.0 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]