Hello EDS'ers. Today is the day we issue the EDS weekly report to keep all your guys up to date and let you know how things are going.
What are EDS tokens?
EDS tokens are HIVE income tokens that pays out weekly dividends every Monday based on 12% of the total power up the balance of the @eddie-earner account. This is currently paying out an APY to token holders of over 25%.
(Example of how the HIVE income pool is worked out)
- EDS is pegged to 1 HIVE per token
- 12% of over 53,000 HIVE POWER pays out (53000*12/52.18) 121.88 per week
- 24,900 EDS in circulation each yield (121.88/24900) 0.0048 HIVE per week
- 0.0048 each week for 1 year (52.18) equals 0.255 HIVE
- 1 EDS pays out a HIVE income of roughly 25.5% per year
EDS tokens launched with a hardcap of 500,000 and a public sale of 20,000 tokens each issued for 1 HIVE each. The only way to mint new EDS tokens is by owning and staking either EDS miners (EDSM) are EDS mini miners (EDSMM) tokens. These miners when full issued and staked will yield a 20% minimum ROI per year.
EDS converts all earnings, airdrops, tribe tokens into HIVE. This account is 100% focused on powering up as much HIVE as possible. It's just that single-minded. This projects weekly saving club content is run by @shanibeer and wallet by @silverstackeruk both on behalf of SPinvest. This is a long term project and should be viewed as a token to stack up and HODL. By some miners, let them mint you some EDS tokens, build a pile and collect weekly HIVE dividends. In other words, bu some EDSM miners and forget about it. Add a few every week/month and watch your EDS pile grow. You can also buy EDS directly from the market, if you add a buy order for any amount at 1 HIVE each, it'll get filled. It might take a few days but it'll get filled as some miners like to sell their mining rewards right away to lock in them profits.
Another week has passed and we're still killing it. I swapped over how we earn from our HIVE POWER this week and hope to increase earnings by a few percent. Income payments stay equal to a 12% APY of the total HP balance but this means more is being saved and compounded down which ultimately ends up in higher-income payments for you.
As always, the HIVE income pool this week has increased, we're up to 139 HIVE and closing in on that 150 HIVE target I have, admittedly we're getting there much faster than I thought so....brilliant. The current APY for EDS tokens is 28.3%
There have been 196 EDS tokens created and issued this week through EDSM and EDSMM miner tokens. I put in a buy order for 100 EDS @1HIVE each this week and that is 12 away from being filled so I will have those burnt for next week and we'll cut the next token mintage by half effectively.
Issued some EDSMM tokens this week, around 1000 so we see another boast in our HP balance. With 12,000 mini miners left to issue, we can expect our HP balance to continue increasing as they are sold and the HIVE is powered up. If the account was at 75k HP by year end, that would be the cherry on a perfect (so far) year.
28.3% is where we are. When EDS first launched and was paying out 12-13% for the first 9-12 months, who would have thought it would be paying out a steady APY, paid in liquid HIVE of 28%. Nothing else on HIVE is close to that, I have searched and can confirm that EDS is with no question the 100% best HIVE income token out there. You can get EDS for 1 HIVE each, you put in your buy order for 1 HIVE and wait, it might take a few hours, days or even weeks to get filled depending on the size. The same in reverse, you wanna cash out, put in a sell order at 1 HIVE each and someone will buy them over a few days.
28.3%, i still cant believe it myself 😮
And finally the weekly HIVE income pool chart. This is knows one way and it's UP. I say this every week but this pool increases every week. It's built into the token model. EDS converts 100% of anything into HIVE POWER and earns from that HP. I pay out a HIVE income equal to 12% of the HP balance and the rest is compounded. As an example, if I earn 16% with the HP, 12% is going out as income payments and 4% is being compounded. This ensures that the HP balance is always growing and this results in a higher HIVE income pool the following week. Also by compounding and having a higher income pool each week, we are partly protected against HIVE inflation. Im, not 100% what HIVE inflation is, I'd guess 15-20% off the top and we are certainly not compounding down at 15% but we are at maybe 6-7% so halfway there. In my POV, if EDS is to be the best HIVE income token, I should be forward-thinking and plan ahead to protect that position.
Anyways, income pool is up, we'll be at 150 HIVE soon
How do you build a HIVE income that only ever increases over time?
If the EDS project sounds right up your street, there are 2 ways to get your hands on EDS tokens. Building a HIVE income is one of those things when it's better to get started sooner than later. We all put money aside for a pension/old age with the money we earn from jobs, why not do the same with blockchain earnings? If blockchain is the future, why not be playing the game of life 3 steps ahead of everyone else? There's no day like day to start increasing your income and the snowball effect is real when you have patience.
Mine them
The 1st EDS miner (EDSM) is now sold out and can be bought from the hive-engine market by clicking here
The 2nd EDS mini miner (EDSMM) is still available to buy at the cost of 1 HIVE per mini miner by clicking here
Buy them
Or buy them directly from hive-engine from someone looking to sell out. You can place a buy order for 1 HIVE and just wait, it will get filled. Click HERE
EDSMM yielding ROI based on mini miners issued
The table below lets you easily see what the current RIO is for EDSMM at a glance based on many have been issued and or currently circulating. We have currently sold 12,500 EDSMM highlighted below. The current EDSMM ROI is 40%.
| EDSMM Issued | EDSMM APY | EDSMM Issued | EDSMM APY |
|---|---|---|---|
| 0 | n/a | 13,000 | 38% |
| 500 | 1k % | 13,500 | 37% |
| 1000 | 501% | 14,000 | 36% |
| 1500 | 334% | 14,500 | 35% |
| 2000 | 250% | 15,000 | 33% |
| 2500 | 200% | 15,500 | 32% |
| 3000 | 167% | 16,000 | 31% |
| 3500 | 143% | 16,500 | 30% |
| 4000 | 125% | 17,000 | 29% |
| 4500 | 111% | 17,500 | 29% |
| 5000 | 100% | 18,000 | 28% |
| 5500 | 91% | 18,500 | 27% |
| 6000 | 83% | 19,000 | 26% |
| 6500 | 77% | 19,500 | 26% |
| 7000 | 72% | 20,000 | 25% |
| 7500 | 67% | 20,500 | 24% |
| 8000 | 63% | 21,000 | 24% |
| 8500 | 59% | 21,500 | 23% |
| 9000 | 56% | 22,000 | 23% |
| 9500 | 53% | 22,500 | 22% |
| 10,000 | 50% | 23,000 | 22% |
| 10,500 | 48% | 23,500 | 21% |
| 11,000 | 46% | 24,000 | 21% |
| 11,500 | 44% | 24,500 | 20% |
| 12,000 | 42% | 25,000 | 20% |
| 12,500 | 40% | - | - |
Weekly Roundup
Things are going great for EDS at the minute, everything is running smoothly and mostly on autopilot. Time to shake shit up.
I have said in the past that the next thing for EDS will be something HBD related. I have been playing with some numbers on excel sheets and they are looking good. My main concern is offering a weekly HBD income when I would be earning interest monthly. My idea was to create EDS$ but only have them created from miners. The APY's, in the beginning, are unreal. After around 5 years, they drop to under 20% so that's not gonna work long term. They drop to a low of 12% after about 10 years and then start to increase again but very slowly. I had thought I could have used the EDS model tweaked a little for EDS$ but I never factored in that EDS earns 3% inflation on top of HP earnings plus all the small dips feeding into the HP balance such as content rewards and airdrops. I am sure i can think of something that will ensure growth without teh need for other feeds of income in HBD. Anyways, thought I would throw that out there.
HIVE incomes should be issued around the same time as this post is uploaded. This week's income payments should be double this week as I let the ball drop last week by missing the transfer time. I have to fund the spi-payments wallet manually and thought I had when I had not. My bad
Have a great week everyone!
@eddie-earner is operated and it's wallets/funds are backed by SPinvest
