MPATH Weekly Report - 6 February 2022

Welcome to the MPATH Weekly Report.

The text is pretty much the same as last week. Active tokens have dropped further - estimate 3 more weeks to fully clear buybacks.

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.

I have added the drop in the amount of active MPATH tokens per week, just to show progress. I shall only start tagging individuals once the current backlog has cleared - first come, first served seems fair.

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.

The power-downs come to about 2,000 MPATH per week, so you can calculate how long this will take. I see a long queue of open sells - either be patient or put in a lower price. On the positive side, the token price remains stable in HIVE and, seeing many other 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. The bulk of buybacks will take place during the weekends, with some smaller tranches when other third-party token sales are processed. 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.)