MAXUV Weekly Statement & News - Changes to MAXUV - 22 March 2020 [MAP Steem FinTech]

maxuv (61)in UpFundMe • 4 years ago

Welcome to our weekly MAXUV account statement.

Some major changes are coming to the MAP FinTech programs. I've hinted at this for some weeks, and this seems like a good time to finally announce changes to how MAXUV operates.

Firstly, the good news. We have over 9,000 HIVE in the various MAXUV accounts on Hive. These will be used for when Hive-Engine is launched and we will create a new MAXUV for the Hive blockchain. Until that happens, those HIVE will sit there earning a bit of extra funds for that launch.

Once Hive-Engine is running and the MAXUV-Hive token created, then we will airdrop the tokens held by members on MAXUV-Steem into the new token market. You will then hold double the tokens and at that point the two versions of MAXUV will be independent.

At the same time, we have announced that MAPX and MAPXV will be winding down. One option given to those token-holders is to swap them for MAXUV. We should therefore see some growth in MAXUV membership.

MAXUV is also changing the way it operates, moving away from the pure vote-bond system to a weekly payout that simulates posting rewards. I will explain this in more detail in the next post. But essentially it means that MAXUV token-holders will be earning a baseline figure based on the number of tokens plus bonuses based on how many posts they make during a week, with a cap, of course.

Starting from today, we shall run MAXUV in "experimental mode", meaning that we shall continue delivering the upvotes and on top of that pay out from our earnings. This will start this coming Sunday, our standard accounting day.

I shall explain the numbers in more detail in the next post, but this means that members will have a more balanced earning potential that rewards both their MAXUV stake and their creative output.

We are also working towards delivering upvotes to your Hive posts even while MAXUV remains a Steem token. I will say more on this once our voters are working.

And a final reminder, that the MAPR fund is now 2 years old since the start of February. We've been making money for Steemians for a long time.

The difference between MAXUV and MAPR is that MAXUV will have no delegators and will be paying out in native STEEM (or HIVE) whereas MAPR does accept delegators, pays out in tokens to auto-compound but does not measure 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 = 11,460
SP in MAXUV = 9,938
Voting SP = 18,748
Other STEEM = 846
Total STEEM = 10,784

MAXUV ABV = 0.94 STEEM
MAXUV-meter = 100.0% (of 1 million SP)

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 MAXUV-meter is 100% in 1 upvote per day, proportional to your token holdings as if delivered by 1 million SP.

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.

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