MAPX Daily News: Random Upvotes, Tonsures & TULIPS - 9 August 2019
MAPX now has some 8,600 tokens sold and about 7900 staked.
Much of today's news has been written about in MAPXV Report - Price Rise and TULIPS - 9 Aug 2019.
The TULIP game hasn't bloomed yet, but MAPXV is on the rise!
Regarding STEEM, we are having a bad tonsure day - is there a good one? Again, best read the MAPXV post. What is most visible is that the Steem blockchain's algorithmic price appears to drift away from the market price. This is by design so that the SBD debt ratio does not rise high enough to potentially be larger than the value of STEEM; this is in theory possible if left wholly to the markets and would mean that the debt could be larger than the capital base. Sound familiar?! Well, we don't yet have fractional reserve cryptos - unless someone can prove me wrong.
As mentioned yesterday, I shall soon be giving out just one random bonus upvote per day. They're random and they're a bonus, so will be worth more to the recipient!
Have a fine day!
OK, time for some more random bonuses!
One 10% upvote each to @dragonblades and @videosteemit.
A 10% upvote from MAPX is equivalent to 100 MAPX tokens and today is worth 0.116 STEEM. Notice how this value has little relationship to the price of STEEM in US$.
I'm going to make these just one a day soon - maybe from this weekend, as we are now close to full subscription.
Enjoy your day!
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[BUY MAPXV] - [READ MAPXV]
ONECENT: The First Strategic Token Investment Game (STIG)
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