Welcome to the MPATH Weekly Report.
As mentioned in the most recent announcement, the MPATH program is winding down in an orderly fashion.
We have finally reached the end of the line. The last distribution has been done; a bit higher than last week's, which is a nice way to end. Votes will also now stop. The only thing left to do is to buy back the remaining MPATH tokens.
The power-downs come to about 2,000 MPATH per week, so you can calculate how long this will take. On the positive side, the token price remains stable in HIVE and, seeing many other token prices fall, this is no small consideration.
I am glad I kept a buffer between the fund value and the market buyback price; as other token prices have plunged, that buffer has evaporated, but we are now bang on par value! If there is any value left at the very end, it will be sent to the MAXUV fund, which is where the original HIVE value came from when MPATH started.
I shall carry on posting just with token updates and how the winding-down process is going.
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... for the last time...
As ever, I give the caveat that individual member returns depend on many things, but these are our baseline figures to see how income changes from week to week. This is also a good time to remind members that such high returns may require adjustments at times so that our Voting Power does not get too low. We have plenty of capacity left, so this is not an issue, as yet, but members with 2000 MPATH tokens are getting votes from about 35k HP, so even if the VP is down to 60% that's still an effective vote from a 21k HP account.
A final reminder that the maximum holding to receive votes is 2000 MPATH, and the maximum to receive reward distributions is 5000 MPATH. You may, of course, own more than this as an investment. We shall increase these if we see the demand to do so, but they are there to attenuate the effects of large accounts and thereby help the smaller accounts. Also worth a reminder that any accounts below 10 MPATH will receive no benefits.
For full details, please read How the MPATH Program Works [May 2020].
Have a good week!
The MPATH headline figures are:
MPATH tokens active = 31,200
Earning HP = 37,670
Voting HP = 36,650
Total HIVE = 18,400
MPATH ABV = 0.600 HIVE (+0.00, +0.0% APY)
Sale Price = 0.633 HIVE (spread 0.033 HIVE)
Earnings Distribution = 1.81 HIVE per 1000 MPATH = 9.4% APR
Total MPATH Distribution = 45.0 HIVE = 71 MPATH tokens at 0.633 HIVE sale price
Hive est. vote APR = 18.8% (-0.0)
Hive est. curation APR = 9.4% (half of the vote APR)
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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It's been a fun ride. Thank you for being consistent and transparent with this project.
Thanks! Much appreciated :-)
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