This has been a very busy week, with a new member added to the "MAP Family": ONECENT.
I wish to stress immediately that ONECENT is designed to be a strategic token trading game and, as such, I hope may serve as a microcosm of the broader Steem token ecosystem and lead users to some practical insights how to better manage their token portfolio strategies - and, of course some people will make a tidy profit!
Just as in the wider market, the ONECENT game may well have different optimal strategies at different price points. I do not feel it is my duty to instruct everyone on precisely what to do next, but rather to explain why things are developing the way they are and to elucidate strategies that will serve users well in the future. The ONECENT game went from FOMO to FUD in a matter of hours and has now entered a new phase where profits are very much still to be made by those who are both astute and patient. The ONECENT game is far from over!
Also, beyond FUD and FOMO, even better than just HODLing, there is PUP: Patience, Understanding and Perseverance. Are you a PUPpy too?
The Paying Attention Economy has witnessed a sudden burst into activity recently. The best protection against manipulated price depression is to be actually worth holding; this is true for tokens too, being priced in the underlying STEEM currency.
I think the Paying Attention Economy is a good description of what many of us are building here and it expresses succinctly the two sides of the producer-consumer equation. You heard it here first!
One small issue has cropped up in the MAPX special offer of free ONECENT tokens to existing MAPX holders; I really don't think the original post was ambiguous but some people took it to mean they could buy one MAPX token now and then claim 5 ONECENTs for their effort. This wasn't the aim and isn't going to happen! All my funds have a mathematical structure that keeps them liquid and profitable and any freebies are calculated so as not to be detrimental to any existing investors.
Please note that upvotes are worth 34x the SP value equivalent of the tokens held. As there is one vote per day, this still comes to 3.4x what you would receive using the same SP to upvote yourself ten times per day. With the Steem blockchain upvote worth some 21% APR this means you are earning 71% APR! And that's just on the upvotes; with our rewards also yielding about 18-20% that's a total of about 90% APR! Where else will you find that on Steem?
As our forward earnings are set to rise, we have set our tokens at a price of just 0.999 STEEM; this is a small increase compared to last week. We feel this remains a buying opportunity. When we come close to selling all MAPX tokens, then most of our profits will be compounded into the token price; then it will start to rise in line with such earnings. We have, however, seen purchases at the 1.01 STEEM level, so I am letting the price float as the market wishes.
When MAPX was launched, I expected our holdings within the Steem Engine DEX to be minimal and merely there to add liquidity to the token market. However, the development of new tokenised Steem-based platforms has somewhat changed this strategy and our "Other STEEM" value has risen. It is currently at about 3% of our fund and I shall try to limit the holdings to 5% of the total. However, tokens have been a source of significant income this week, both from airdrops and trading, and it has allowed the fund to increase faster than the mining rate.
Please note that I always qualify any forward predictions as they are subject to technical issues such as the proper functioning of the blockchain and our own algorithms. We are also aware that HF21 is imminent although there is no fixed date as yet.
The headline figures are:
MAPX tokens active = 3958 (+1252)
SP in @MAP10K = 3817 (+1237)
Mining SP = 31,100
Other STEEM = 138
Total STEEM = 3955
Total Rewards = 104.00
Fee = 10.40
Total STEEM carried down = 3945
MAPX ABV = 0.999 STEEM
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 plus some investments; we also now have stakes in PAL and LEO, and some others, and receive rewards from them. Also note that values are volatile, especially any holdings priced in US$, so the above numbers are a snapshot and may have changed when you look at the @MAP10K account.
The Asset Backed Value (ABV) is our total holdings calculated in STEEM divided by the number of active MAPX tokens, whether staked or unstaked. This shall be used as the lowest price we offer MAPX tokens on the Steem Engine market.
Full details of how the MAPX token operates can be found at New MAPX Token for Upvotes and Value Growth.
Details on delegation-mining of MAPX tokens can be found at Mining MAPX Token Now Open and Stakeholders Getting 30x Upvote Value.
Current TOKENOMIX CONTEST is at TOKENOMIX CONTEST - Win MAPX tokens - Round 9 of 10.
Any questions, please ask in the comments below.
MAPX Token = compounded high returns + daily upvotes + random bonuses
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Please Comment, Resteem and Upvote. Thanks!
