MAPXV Weekly Statement & News - Important Announcement - 12 April 2020 [MAP Steem FinTech]

Welcome to our weekly account statement.

MAPXV News

As has been extensively announced, MAPXV is winding down and members need to make a choice whether to convert their MAPXV into MAXUV tokens or into STEEM/HIVE.

I do not wish to repeat myself, so token-holders must read these posts:
MAPXV Daily Report & News - - 28 Mar 2020 on SteemPeak, or
MAPXV Daily Report & News - - 28 Mar 2020 (Hive) on PeakD.

The MAPXV account cannot visibly publish on Steem, hence is a waste of time doing so. Therefore, token-holders must pay attention here on Hive.

There is a long queue for cashing out and power-downs are slow. It is therefore important to get in touch and express your decision as to what you wish to do with your tokens. You may either leave a comment below or contact us at the MAP FinTech Discord channel.

I expect upvotes will continue for at least another 4 weeks; that will take us to the mid-point of the 13-week power-down and I shall decide then whether to turn them off or keep them going for another 2 weeks.

I am trying to make this transition as smooth and painless as possible and thank those members who have been in contact. Those remaining members must get in touch; I have not set a final closing date but there will be one, after which any MAPXV tokens will be converted to MAXUV on Steem-Engine and any left on the DEX will then become worthless.

Lastly, please note that the figures below will be abbreviated to just show the winding-down process. The active tokens are coming down quite quickly, which is good to see, but there are a number of small token-holders whom I have not heard from.

Have a fine week!

MAPXV Headline Numbers

The headline figures are:

MAPXV tokens active = 3070 (20,000 max)
SP in @MAPXV = 9,140
Mining SP = none
Other STEEM = 1,094
Total STEEM = 10,234

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. 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 @MAPXV account.

Note also that some tokens have been sent back to MAPXV but are still awaiting payout due to the power-downs; it thus can look as if there is more STEEM compared to tokens, but that gets adjusted on Mondays.

Building Steem's Fintech