MAPXV Weekly Statement & News - Important Announcement - 5 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.

So these weekly accounts are no longer about the growth of the MAPXV fund and token, but about our winding down towards zero. This will take a few weeks as it relies on our powering down.

Those who wish to swap for MAXUV tokens can do so quickly, but we still need to slowly transfer the underlying funds.

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.

MAPXV upvotes will continue for now, but at some point will be switched off; no date has been set and will depend on the number of tokens left active.

Lastly, please note that the figures below will be abbreviated to just show the winding-down process.

Have a fine week!

MAPXV Headline Numbers

The headline figures are:

MAPXV tokens active = 5350 (20,000 max)
SP in @MAPXV = 9,790
Mining SP = none
Other STEEM = 1,112
Total STEEM = 10,902

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.

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