MPATH Weekly Report - 28 February 2022

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. We are now down to about 500 token buybacks per week, so this will take 9 or 10 weeks longer, assuming everybody takes action.

Time to tag some more members... some again! Four months into this winding down process and many just havent noticed or don't care. Once we have cleared out the few remaining buybacks we shall start to decrease the buyback price. Tagging is not a very efficient process, but does nobody ever notice the tokens in their wallet? Anyway, last call:

@shaunmza
@ironshield
@ronaldoavelino
@freewritehouse
@needleworkmonday
@innerblocks
@dylanhobalart
@cmplxty
@emergehealthier
@iamraincrystal
@eirik
@blue.rabbit
@thekittygirl

These are the top MPATH token holders. Please read the posts about the winding-down process, then sell those tokens on the market. Next week, I shall post a few more, there is no point listing everybody as that would just create a larger backlog.

I shall also now initiate the final sell-off of our remaining invested 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 = 3,200 (-900)

Total HIVE = 2,100

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.

---

Building Hive's Fintech

[BUY MPATH] - [READ MPATH]

[BUY new M token] - [READ M posts]