MAP Rewarder: MAPR Payouts to Delegators and Price Increase for Token-Holders for 9 Sep 2019 (20.0% APR)
This week's distributed profits are 0.383%, equivalent to 20.0% APR.
Total rewards to delegators and token-holders, including bonuses, are 0.391%, or 20.4% APR.
In spite of the difficulties with HF21 and its aftermath, we continue to pay out both delegators and token-holders with high returns.
One small alert is that due to the Steem blockchain being offline for some 48 hours, we may experience a temporary dip in earnings for the following week. Disruptions such as these take 7 days to filter through as the lack of posting and upvoting only manifest at the scheduled payout time.
However, this should only be a blip and we expect to be back to normal the following Monday.
Last week I published a very short post with payout information. Nobody complained, or even commented, so here goes again!
However, there are some important comments regarding HF21; please read below.
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 you get the same amount in STEEM as you would have done under the old system of just paying out STEEM transfers.
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.
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 25.3% [1]
Value of Steem rewards payouts = APR 12.6% [2]
Distributed MAPR payouts = 0.383% (APR 20.0%) [3]
Total MAPR payouts = 0.391% (APR 20.4%) [4]
MAPR BUY Price: 1.02687 STEEM [5]
MAPR SELL Price: 1.03714 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.
[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. This increases our overall payouts to about 90% of gross income.
[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].
Profits will be paid today in the new MAPR tokens.
MAPR News
This is a repeat of last week's text, but worth a reminder of how our new benchmark values are calculated.
You all have now experienced the new model steem under HF21. There are some consequences regarding MAPR and the way we analyse our own profits and how they relate to targets based on the Steem blockchain.
Firstly, notice that our values based on the blockchain have changed significantly. These are still 7-day averages so have not yet settled down to what would appear to be something like 24% for a full upvote and 12% for a full author-rewards payout.
These are now quite tricky numbers to extract as the non-linearity of the new reward curve means that we have to make a decision as to where to pitch our baseline numbers.
I have taken the full upvote as that made by an SP of 1 million STEEM. Very few users have this but it sets an upper bound to what the blockchain is actually generating in terms of upvotes. Your own upvote could be as low as 50% of this value. The theoretical author-rewards is easier to estimate in that it is just half of the maximum upvote. Again, for most users this will be half of whatever upvotes they can generate.
It is, in theory, possible that author rewards could be as low as 6% APR; this is now lower than the coin-creation rate of about 8.4% APR. I do not need to express that this, in itself, could be cause for concern.
One possible solution for many Steemians is to invest in a variety of MAP FinTech tokens. For example, MAPR itself gives a steady and high capital return. As author rewards are now somewhere in the region of 6-12% APR and we are delivering 20% APR, then the difference has become even more pronounced than before.
It also means that your STEEM is more liquid than if held in SP. This notion that STEEM may be more valuable not powered-up is a new scenario which is a consequence of HF21. Our funds all report their assets and token sales do not take 13 weeks to be completed.
The other tokens, such as MAXUV and the other vote bonds, are designed to generate votes much higher than an individual's SP could generate. Again, this would involve a rebalancing of one's holdings, possibly converting some SP into tokens. Again, all our tokens are asset-backed so there is peace of mind in the knowledge that they can be sold at any time. Large sales may require us to move funds around so as to release liquid STEEM or STEEMP, but that takes days rather than weeks.
Worth considering MAP FinTech tokens as part of your new earning strategy.
See you next week!
Next rewards distribution will be on Monday 16 September.
[BUY MAXUV] - [READ MAXUV]
[BUY MAPR] - [READ MAP REWARDER]
[BUY MAPXV] - [READ MAPXV]
ONECENT: The First Strategic Token Investment Game (STIG)
So do MAPR tokens now replace the Steem we would have received in the past?
So the more tokens we accumulate, the more tokens we receive?
And as always, I'm not quite understanding the numbers lol but that's okay.
Only delegators receive tokens as part of the payout.
What token-holders get is an increase in the token price.
The MAPR price started at 1 STEEM, it is now above 1.02 STEEM, so those people who are still holding tokens from when they were 1 steem now have tokens worth some 2% more.
So holding tokens is like compounding, whether those tokens are bought or received from being a delegator makes no difference.
It is an interesting way to pay ppeople in 2 different ways without having 2 different tokens :-)
Yes, MAPR replaces the previous STEEM transfers. If you wish to have the STEEM just sell the tokens.
It was impossible before to compound earnings - well, possible but it meant users would have to trust me holding their rewards and it would quickly become horribly complex!
Ok cool. So by holding the tokens, their value goes up, and since I delegate, I receive tokens. So then, they accumulate, while their value keeps going up.
Posted using Partiko Android
You got it!
:-)
Hi boss why give me -upvot what my post problem tell me
What are you talking about?