MAPX Further Explained - Random Bonus Upvotes & News - 8 Jul 2019steemCreated with Sketch.

in #mapx5 years ago

A Token For All Investors

The structure of the MAPX token seems to perplex some people, so shall write a few articles looking at different aspects of how it has been set up and what it will look like going forward.

MAPX is essentially an investment in Steem Power.

Now, SP can generate income in two ways: upvotes and rewards.

Rewards can then be either distributed, paid out, or powered up and capitalised.

Those staked MAPX holders are currently getting very high upvotes; this is discussed on this previous post. Upvotes are a form of income; deducting curation rewards, author rewards are currently worth about 16% APR per SP, slightly more if the author has also strategically upvoted themselves and hence gained some extra curation rewards.

However, because MAPX has delegators mining its tokens, upvotes from MAPX are currently yielding about 69% APR; even deducting curation rewards that still comes to 52% APR to the author.

What do the delegation-miners get out of it? Mining rates are set at 2,000 SP-days and is fully explained here. The rate is set to make mining simple and predictable and currently yields just over 18% APR. This is higher than the author reward rate yet not as high as our upvote rate.

Thus MAPX can cater to two different types of investors: those that post and those that don't!

There is actually a third type of investor: those seeking capital gains from the token. Once mining is exhausted, those rewards that have been funding each new token will carry on and make each token worth more than the current launch price of 1 STEEM. How long that will take depends entirely on the interest and support of the investment community.

One last thought for today: MAPX has been established in a very similar way to its older brother, MAP Rewarder, with stability, longevity and profitability as the guiding principles of the fund.


As our higher rewards are bearing fruit (with thanks to all the delegation-miners!) so we shall continue to distribute random bonuses.

Some bonuses are also not so random but shall be given to those stakeholders who promote MAPX in some way, either by resteeming or tagging this @MAP10K account in a comment or post.

News

Today's random prize is a Double Upvote for one week; this will double whatever the current stakeholder upvote is.

Today's winner is @simplymike!

Congratulations!

We are also giving away one small upvote to a MAP Rewarder delegator with a comment to, hopefully, encourage them to also hold MAPX tokens.

Today's winner is @shaunmza.

They have received a 1% upvote, equivalent to 10 staked MAPX tokens.

And finally, our TOKENOMIX CONTEST - Win MAPX tokens - Round 8 of 10 will run for a couple more days, so still a chance to win 1 free MAPX token.

Remember too, that every token is backed by SP making its value stable compared to STEEM.


- - - - - -
Please Comment, Resteem and Upvote. Thanks!

@rycharde manages the MAP Rewarder high income program and MAPX Token.

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So staked MAPX tokens holders are getting post upvotes once a day, on Steem, are voted also on palnet?
Is everyone that stake’s MAPX considered a miner?
If un-staked, how are the rewards paid out?
So many questions..... I’m just trying to wrap my mind around all this Lol🤔

Yes, we have modest stakes in both PAL and LEO so you will receive rewards on posts with those relevant tags.

Miners are delegators with SP and are paid in tokens, so separate from staking within Steem Engine.

I don't understand your last question. Unstaked tokens can benefit from the price increase. There are no rewards paid out, earnings are compounded and reflected in the token price.

Hope that helps :-) More questions, just fire away - they may end up in one of my daily posts.

Thank you The wording I was looking for was " earnings are compounded and reflected in the token price", and you just answered my last question! :)

Congratulations @map10k! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 1000 upvotes. Your next target is to reach 2000 upvotes.
You distributed more than 32000 upvotes. Your next target is to reach 33000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

I find this really interesting, how long is the unstaking period as well?

Hi, unstaking is just 2 days in 1 transaction; it isn't designed as a lock-in, just to distinguish between those who would like to benefit from upvotes and those who don't post and just wish to invest in the price rise.

Thanks for staking your MAPX tokens; your upvote has been set up and you should see one per day from now on.

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