Our weekly report for both delegators and token-holders of M.
Delegators have received their final token distribution.
M News
We have now reached a buyback price of 0.96 HIVE per M token. As mentioned many times, this is now the last token distribution. We shall continue buying back tokens as we power down and sell other token holdings. This will take a few weeks.
This week has seen income dip a bit. We had a blip upwards last week as income came from a large undelegation; this week it is our own undelegations and token selling that have lowered income a bit - although still higher than the Hive blockchain curation yield.
No further new delegations shall be accepted - this includes increasing current delegations.
Thanks to all delegators for your support. If there are monies at the end of the winding down process, they shall go to MAPR, which is where the value originated.
In the spirit of the paying attention economy, I shall tag users who haven't acted only once everybody else has.
I shall continue to publish ad hoc posts with any updates.
The Numbers
Distribution to delegators = 0.181% = 9.4% APR
Buyback price = 0.960 HIVE (+0.001) = +5.6% APY
Hive gross actual vote = 19.3% APR (+0.6)
Hive net author rewards = 9.1% APR (-0.2)
Dlease Hive lease max = 12.0% APR (-0.1)
The Hive vote estimates are calculated based on the average weekly prices. The "gross actual vote" is now calculated based on our HP and is the same as the old "gross linear vote", that we have now removed; the "net author rewards" estimates the payouts adjusted for HBD and assuming a "gross actual vote".
Minimum delegation is 100 HP. Changes in delegation, including new ones, start earning rewards after 2 days.
Existing delegators under 100 HP who change their delegation must then conform to the new minimum or forfeit earnings.
New delegations now closed.
The buyback price increase is shown as an APY because members are automatically compounding their tokens, whereas the distribution uses an APR value as that reflects the delegation income. Older-style info can be seen in our last post using the old format. The new format is explained in more detail here.
The story of M:
Have a fine week!
Any questions, please ask in the comments below or in our public chatroom.
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