Welcome to the MPATH Weekly Report.
Some new info this week!
As mentioned in the most recent announcement, the MPATH program is winding down in an orderly fashion. Much of the text below is a copy of recent posts but serve as a reminder to those members who haven't yet acted. The data below will be updated weekly.
I have added the drop in the amount of active MPATH tokens per week, just to show progress. I shall only start tagging individuals once the current backlog has cleared - first come, first served seems fair.
We have finally reached the end of the line. The last distribution was done some weeks ago. Votes have stopped. The only thing left to do is to buy back the remaining MPATH tokens.
The large cycle of power-downs has now come to an end. This means that weekly buybacks will slow down now. I shall start to tag the stragglers from next week, and only those with at least 10 MPATH tokens in their wallet.
I shall also now initiate the final sell-off of our remaining token holdings. These have been useful in earning enough to mitigate the losses in some of the less productive third party tokens. The other option, to drop the buyback price to 0.59 HIVE (and that was an option at one point), has not been necessary.
I have now removed one more metric, the effective voting power, as no votes have been given out for some time. We are really now just looking at MPATH tokens left and the HIVE that backs them. We are still earning while winding down and the best performing assets will be sold last.
Here is a graph of the MPATH token price. (Thanks to @gerber for the discord-bot.)
This remains a record of progress over the months. Any panic sales will be gratefully accepted by patient buyers.
MPATH members have received healthy votes, good weekly rewards and a slowly increasing token price. I hope everyone has been entertained.
And on to my usual closing remarks...
... silence.
For full details of how it all worked, please read How the MPATH Program Works [May 2020].
Have a good week!
The MPATH headline figures are:
MPATH tokens active = 4,600 (-2,600)
Earning HP = 21,000
Total HIVE = 2,850
MPATH ABV = 0.600 HIVE (+0.00, +0.0% APY)
Sale Price = 0.633 HIVE (spread 0.033 HIVE)
Earnings Distribution = closed
The Asset Backed Value (ABV) is our total holdings calculated in HIVE divided by the number of active MPATH tokens.
Any questions, please ask in the comments below or in our public chatroom.
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