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.
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.
I have added the drop in the amount of active MPATH tokens per week, just to show progress. The large 13-week cycle has ended and we are now in the smaller second cycle of HIVE earnt during the first power-down. From what is left on the market, it will take 2 more weeks to clear those tokens. After that, it is up to the remaining members - the buyback price will then start to drop.
Note that the two power-downs are now slightly out of sync and hence buybacks will be done twice per week.
I have even sent comments to a few members who still appear to be blogging. I think that's going slightly beyond the call of duty.
Having said that, I do see some new open sells on the MPATH market. Glad to see a few more members cashing out. Looking at the rate of power-downs, this will now take a few more weeks to clear. The figures below do not appear to have changed very much only because I am posting this a few hours before the coming buyback.
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 = 2,300 (-200)
Total HIVE = 1,700
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.
[BUY MPATH] - [READ MPATH]
[BUY new M token] - [READ M posts]