MAP FinTech - M Token Distribution to Delegators and Price Increase - 22 March 2021

in Project HOPE3 months 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 a significant amount.

Apologies this is going out two days late but have been very busy the last week.

M News

This week we see overall earnings drop a bit but the distribution rise a little. Overall, we are flat compared to last week, but these small changes are due to a large number of tokens being sold, so a higher proportion of the profits get paid to delegators compared to token-holders. This is the same pattern as last week.

Indeed, the weekly price increase has only gone up to 0.934 HIVE, to adjust for this and the on-going slow-down on DCity. I hope to raise it to 0.936 next week. We have plenty of cash, is just liquidity; the current larger power-down will help those waiting to sell tokens. As far as investments go, the most liquid and profitable - mainly because they do not suffer wild price slumps - are my own tokens, in this case MPATH.

Because both M and MPATH are priced in HIVE and operate wholly within the Hive economy, any changes to the HIVE price in USD makes no difference at all to our earnings or distributions. Of course, it makes a difference to those who wish to grab some HIVE profits, but as far as our funds are concerned there is no net gain, or loss, in HIVE terms.

Note that the yield on M tokens is higher than the vote-yield for our level of HP (14.7% APR) and higher than what is available on Dlease (also 14.6% APR).

We continue to navigate through a volatile period. It is, of course, good to see coin prices rise, but it is also good to plan ahead for the next down-turn.

The Numbers

Distribution to delegators = 0.290% = 15.1% APR

Buyback price = 0.934 HIVE (+0.001) = +5.7% APY

Hive gross actual vote = 14.7% APR (+0.1)
Hive gross linear vote = 22.8% APR (+0.1)

The Hive vote estimates are calculated based on the average weekly prices. The "gross actual vote" is calculated based on our HP; the "gross linear vote" is calculated based on a stake of 1 million HIVE and hence approximates to the reward curve's linear asymptote.

Minimum delegation is 10 HP. Changes in delegation, including new ones, start earning rewards after 2 days.

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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