MAPX Report: News, Updates & Steem Economy - Hive - 20 March 2020

in hive-167922 •  last year 

A brief communication to current and future MAPX members.


We are a few hours away from the launch of the new Hive chain, so time for a further update.

I mentioned in the previous post that the recent turmoil on Steem, including undelegations and token sales, has left MAPX largely unaffected. We have ample SP supporting our staked tokens, no delegators and very few recent liquidations.

However, I am coming close to the time to decide about whether to have a MAPX program running on Hive. My feeling is that MAPX shall remain on Steem but will not operate on Hive. The argument is the same as I made for MAPXV. Worth reading that post as it is a bit longer.

In essence, MAPX and MAPXV were developmental vote-bonds that led to the creation of the more recent MAXUV. All three were doing very well in terms of sales until the HF21/22 event. Interest was finally picking up again when we were dealt a second blow by the Steem-Tron saga. In my opinion, and given the novelty of Hive, it is best to concentrate on running MAPR and MAXUV on the new Hive platform. Hence, the MAPX and MAPXV votebonds are best left on Steem for the time being.

This is not a support for the current Steem but an acknowledgment that members have placed their trust and money in the programs and very few have sold their tokens. Without receiving any public comments, this tells me that there is no desire for MAPX to close down or unwind. However, I feel that launching three rather similar products on Hive may not be so prudent or successful. Hence, I would like to concentrate on one vote-bond on Hive, that being MAXUV.

Therefore, once Hive is up and running and we can see the tokens in the MAPX account, plus some further clarity on how Steem-Engine assets will be handled, then I would like to calculate a HIVE token value per MAPX token and distribute those tokens to every member. This will be an extra bonus for being MAPX holders and Hive users.

I hope MAPX members feel this is an equitable solution and that they may use this windfall to invest in the Hive version of MAXUV.

The situation may yet change swiftly, so please take the above as the most recent iteration of what will happen.

Have a fine week!

What is MAPX?

MAPX was our first "vote bond" in the MAP FinTech family of programs. It is designed to deliver a 0.1% upvote per token held, with a maximum holding of 1000 tokens. The fund has a total of just 10,000 tokens available. MAPX token holders also benefit from profits being compounded into SP so that the token price should slowly rise.

MAPX is thus designed like a bond in that "interest" is earnt as upvotes, plus each token is backed by STEEM so that the capital value slowly increases in line with our fund. MAPX is managed by the same team as MAPR, which has been distributing profits to Steemians for 20 months.

As MAPX tokens have nearly sold out, we would encourage new members to consider the open-ended token @MAXUV.

Crypto News

For the latest Steem news, please check @pennsif's daily aggregator.

Crypto's 101 stupidest moments of 2019: October—December

This is the last of four articles mocking the crypto gaffes of the year.

This year is already filling up quickly.

A small plug for our big brother, MAXUV!

OK, time for some prizes!

Our winners are... @ange.nkuru and @abrockman, who get TRENDO tips for 10 days.


Enjoy your day!

We have opened up a former MAP channel on Discord for anyone seeking advice or more information regarding any MAP FinTech program. You can find us here.

Building Steem's Fintech





Plus Some Serious Funtech

ONECENT: The First Strategic Token Investment Game (STIG)



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Join the community in our migration to Hive, a community built blockchain for the community. All Steem account holders will receive equivalent stake on the new Hive blockchain.

Please follow @innerhive on twitter for more information.

A member bonus $trendotoken tip from MAXUV!
These bonuses are for members, selected at random when @MAXUV posts, and last for a few days.
Thanks for being a member of MAXUV.
NOTE, the ADDAX Game Round 3 starts 17 March.

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Hi @map10k, a small upvote and a tip from the ADDAX trading game!
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Congratulations @addax, 7.83% upvote has been shared with your successful call on the post that shared by @map10k!

Support @trendotoken projects by delegating : 100SP , 200SP , 500SP , 1000SP , 2000SP

so I remove my delegation to @accelerator on steem and add it back on hive? or should I wait for an announcement?

Hi, lucky I saw this as is on a MAPX post.
All STEEM and SP and delegations will be copied over to Hive automatically, so no need to do anything.
Indeed, being so near to launch, I wouldn't change any delegations just now.
Yes, MAPR will continue on Hive, but will take a few days to calculate the value of the tokens held within Steem-Engine.
Will post on @accelerator within the next hour.
Thanks for your support!

I doubt the delegations are copied over?

All valid STEEM stakeholders will receive a perfectly mirrored balance of their current STEEM holdings in the new HIVE coin. This will include matching amounts of current liquid STEEM, Steem Power, and SBD. All other account state data, such as claimed accounts, delegations, etc. will be mirrored onto Hive.

For example: if your Steem account has 10 STEEM, 5 SBD, and 1000 SP, your new Hive account will have 10 HIVE, 5 HBD, and 1000 HP.


ahh, thanks! good to know :)

Awesome! Thank you.

Hi there

I've been reading through many comments related to new hive chain and I've seen your comment too. Many users are being torn, however majority seem to be moving to new hive.

Are you fully moving there or will you stay on both chains? Just curious. I'm trying to figure out what to do myself.

  ·  last year (edited)

Hi @crypto.piotr are you not going to be posting here anymore?

That would be a shame and does not seem to make sense to me.
The abusers of the Steem Blockchain have gone. Now we can start to grow our number of active users again which has not happened for more than three years. I know the account number has grown but not new users numbers

sorry for such a latr reply

I wonder why did you think that I'm not planning to post anymore? I'm staying on steem for sure. Just I'm still not clear about my approach to hive.

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