MAP FinTech - M Token Distribution to Delegators and Price Increase - 20 September 2021

over 2 years ago

Our weekly report for both delegators and token-holders of M.

Delegators have received their token distribution and token-holders see the price rise to increase their value this week. (This post is a bit early, so the distro will be done in a few hours.)

M News

As promised last week, we have been able to increase our buyback price today by a further 0.1 cents. However, actual income has dropped a little, in line with the Hive blockchain yield.

To carry on the point made last week, HIVE coins from token sales are now worth more than the same delegated HP, primarily because I can get higher returns from other sources than just voting. It may come to the point where M may no longer be a delegation-program.

We have plenty of cash to cover our asset-backed tokens - which is why they are asset-backed! So, I'm thinking whether to just start a fresh token and wind down M, or pause M for a month and then reboot it with a new set of rules. I am currently leaning towards the former.

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 = 0.191% = 10.0% APR

Buyback price = 0.9540 HIVE (+0.001) = +5.6% APY

Hive gross actual vote = 19.6% APR (-0.4)
Hive net author rewards = 9.9% APR (+0.3)
Dlease Hive lease max = 13.2% APR (+2.3)

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.

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