Dear @accelerator
I just found out about your project and I'm doing my best to understand your economy.
Correct me if I'm wrong, however it seem that you're providing delegators with MAPR tokens. And amount of received MAPR tokens depends on current price of that token (comparing to steem).
So if price of MAPR will go up, then delegators will receive less of that token. At the same time if price of MAPR would go down, then delegators will receive more MAPR tokens.
Is that part correct so far?
I'm trying to figure out where value of MAPR token would be coming from.
I presume that you're using part of curation rewards to purchase MAPR tokens from the market. This way you're building some demand and bringing price up. That seem to be quite clear to me.
However I'm failing to understand how this business model could be sustainable in a long term. Where demand for MAPR tokens would be coming from (except of using part of curation reward with buy-back program).
It seem that this economy can last as long as most delegators will hold to their MARP tokens. Which makes it very fragile and it does look a bit like "milking the cow".
My most important questio is: do you plan to come with other ways of building demand for MARP tokens? Will this token serve any purpose except of speculative re-puchasing tokens?
Yours
Piotr
Hi, the MAPR token prices we set are calculated based on weekly income, so reflect the underlying value of the whole fund, including SP and other invested tokens. The way it is calculated ensures both delegators and existing token holders receive the same percentage increase.
We have been operating for almost 2 years and scales both up and down; we don't need delegators as can operate entirely on our own steem. It is a managed fund that generates income for investors.
The market appears thin because most people keep holding on to their tokens, however, there are sellers who cash-in sometimes. The market price may fall if many members sell their tokens, but this does not affect the following week's price-point - just like an investment trust will publish its NAV but the market can be at either a discount or premium to that Net Asset Value.
Hope that helps.