Just wanted to quickly talk about two tokens I recently purchased, MAPX & UFMM. Both are quite a bit different from each other but I don't see much talk about either so figured I would share my thoughts are both and give you some quick numbers on just what you get for buy either token.
Let's start off with MAPX. It's a bit different from other tokens I've been buying and looking at. Essentially you are purchasing in a stake of the @map10k account. The tokens are backed by the account and sales of new tokens go into the account. On top of this you also get a daily vote based on how many tokens of MAPX you have staked. There are 10,000 MAPX tokens in existence and each one is worth a 0.1% vote from @map10k every day. Idea being, 10 votes per day so 1,000 MAPX tokens represent each voting period split down into 0.1% chunks. I have 100 MAPX tokens staked on @bwar and end up getting a vote worth around $0.04 each day. The tokens are worth around 1 Steem each so it's pretty good bang for your buck considering that powering up 100 Steem doesn't get even close to a $0.01 vote. In order to get the voting power up to that point, map10k also has a delegation system that rewards users with MAPR tokens. I don't know the reward structure of delegating but I do know that it results in a larger upvote for MAPX token stakers. I like the project so far and feel good about my purchase. The returns aren't as crazy as some of the miners out there right now but converting 100 Steem into about 1/5th Steem per day is alright. And since the value of the tokens is backed by the value of the account the price should remain fairly stable. A quick math APR over the course of a year ends up around 43% after curation.
Next up we have UFMM, aka UpFundMe Miner. Right now these miners don't actually have mining capabilities but the people running UpFundMe are sending UFMM token holders 2 UFM for each UFMM they hold each day. I have no idea what the eventual mining rate will be but there are a few things I like about this current arrangement. UFMM cost 5 Steem each right now, UFM are trading at 0.1 Steem, that's only 25 days to hit 100% ROI, possibly the most lucrative miner available right now. Down side is that the UFM you receive is staked when you receive it. I've been very tempted to scoop up a few more of these but I have no idea how long this will last so I'm not willing to commit quite yet.
Two very different tokens, I like both of them and think they were both good purchases. MAPX is definitely a long term hodl for me, while UFMM is still up for debate. I'm considering buying more of both but not quite ready to pull the trigger yet.
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I'm a big believer in MAPX and have the maximum useful amount of 1000 staked. I've been giving a few away here and there too.
MAPR is another interesting token by the same guy. That one is more focussed on capital growth, whereas MAPX is about posting first and capital growth second.
I'll look at UFMM.
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Hi, thanks for the positive review. MAPX token-holders currently receive high upvotes (about 3.5x daily self-votes) and share in the capital base of the fund, so as SP grows they should be able to sell at a profit.
The mining is done through simple delegation-mining through SP. As this is a closed fund of just 10,000 I saw no point in the expense of creating mining tokens when they would stop after a few weeks.
Any questions, please ask on any of our posts. I have just posted our weekly account review and included a link back to your article.
Good day!
Just read your weekly account review, I think I'm gonna go buy some more MAPX right now.
Thank you for the spotlight on our tokens.
Those earning right now by mining will earn even more by using this stake to create and curate content in #upfundme like this post. They will likely see large rewards until things balance out.
We are considering setting up the bidbot sink accepting UFM before fully setting up miners. People seem to be enjoying their 2 for 1 rewards and having sinks is important for holding value. If that's the direction we take it will be about a month before the switch with mining methods for UFMM.
Once UFMM is fully set up, it will get half of the reward pool. We want miners to be lucrative, especially for those grabbing them up early on.
Thanks for the information. A month at the current rate should pay off the miners before staking is even possible. I addicted to mining so I might just have to purchase a few more.
Perhaps I should also buy some more miners. But looking at the dearth of relevant content to curate under this tag, I guess UFM needs to widen up the scope of post subjects a little more to encourage more people to use this tag / tribe.