Our weekly report for both delegators and token-holders of M.
Delegators have received their token distribution and token-holders see the price rise a small amount this week.
This time is on time! Almost.
M News
A decent week, with income and distributions up, and weve finally reached a price of 0.95 HIVE per M token. Looking at the numbers, and barring any unpleasant events, we should be able to raise the buyback price a bit faster from next week.
Looking at the data below, the author rewards have increased due to the rise in HBD; the gross vote yield continues to drift downwards, albeit rather slowly.
I have finally made a change to the MAPR token, so expect something similar for M. I will give it another week to run, then announce it in a separate post. Apologies, I keep forgetting this - will try and do it soon.
One change to our terms. Please see below that the minimum delegation has been increased to 100 HP. Honestly, delegating 10 HP is not of much use to anybody! For the moment, we are allowing existing delegators under 100 HP to continue receiving distributions, but any changes in the amount delegated must then meet the new minimum. We reserve the right not to issue rewards to such accounts if they do not meet the new minimum. Thanks to a few members who I notice have increased their delegations in recent weeks.
We continue to navigate through a volatile period. It remains interesting to see that what may be good for HIVE need not always be so good for the tokens priced in HIVE.
The Numbers
Distribution to delegators = 0.213% = 11.1% APR
Buyback price = 0.9500 HIVE (+0.0002) = +1.2% APY
Hive gross actual vote = 20.7% APR (-0.2)
Hive net author rewards = 13.1% APR (+1.3)
Dlease Hive lease max = 13.4% APR (+0.2)
The Hive vote estimates are calculated based on the average weekly prices. The "gross actual vote" is now calculated based on our HP and is the same as the old "gross linear vote", that we have now removed; the "net author rewards" estimates the payouts adjusted for HBD and assuming a "gross actual vote".
Minimum delegation is 100 HP. Changes in delegation, including new ones, start earning rewards after 2 days.
Existing delegators under 100 HP who change their delegation must then conform to the new minimum or forfeit earnings.
The buyback price increase is shown as an APY because members are automatically compounding their tokens, whereas the distribution uses an APR value as that reflects the delegation income. Older-style info can be seen in our last post using the old format. The new format is explained in more detail here.
Have a fine week!
Any questions, please ask in the comments below or in our public chatroom.
[BUY MPATH] - [READ MPATH]
[BUY M token] - [READ M posts]