MAPX Token Weekly Profit Statement - 9 June 2019
This is the very first Weekly Statement as MAPX was launched just last week. This will therefore be an abbreviated statement as it does not need to be compared to previous weeks.
The headline figures are:
MAPX tokens active = 2264
SP in @MAP10K = 2234.55
Other STEEM = 25.27
Total STEEM = 2259.82
MAPX Fair Value = 0.998 STEEM
I think this is a pretty good start given that quite a few tokens have been given out as bonuses or prizes. I shall adjust our market price on Steem Engine to reflect this Fair Value.
As no profit has been made, we shall not take any management fees this week.
Note that "Other STEEM" is the sum of all holdings not powered up as SP: liquid STEEM and SBD plus holdings within Steem Engine to maintain market liquidity.
Full details of how the MAPX token operates can be found at New MAPX Token for Upvotes and Value Growth.
If you look at our launch post, you will see there are still 5 bonus MAPX tokens available, One free for every STEEM transfer of 10 STEEM or more. As the Fair Value price is almost exactly 1 STEEM, we shall keep this special offer open for one more week.
Any questions, please ask in the comments below.
That's an excellent first week! Can't wait for more people to find MAPX.
Many thanks @eturnerx! Maybe everyone is waiting for bargain prices. Thing is, as MAPX is priced in STEEM and backed by STEEM (as SP) then the price is more likely to go up rather than down.
The other thing I hope more people will notice is how profitable the upvotes are. Even with just over 2k SP, the upvotes are worth 2x what the equivalent upvote would be from each MAPX token held.
Early days :-)
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