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 payout weekly dividends every Monday based on 12% of the total powered up balance of the eddie-earner account. This is currently paying out an APY to tokens holders of over 23%.
- EDS are pegged to 1 HIVE per token
- 12% of over 40,000 HIVE POWER pays out (40000*12/52.18) 91.89 per week
- 20,800 EDS in circulation each yield (91.89/20800) 0.0044 HIVE per week
- 0.0044 each week for 1 year equals 0.23 HIVE
- 1 EDS pays out a HIVE income of roughly 23%
EDS tokens launched with a hardcap of 500,000 and public sale 20,000 tokens each issued for 1 HIVE each. The only way to mint new EDS tokens is by owning and staking EDS miners (EDSM) tokens. These cost 10 HIVE each and yield a 20% minimum ROI per year. There are only a few hundred left for sale and then we release a new miner that will push EDS APY to 35% plus.
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 great week for us, the HIVE POWER balance has grown again and this means so has the HIVE income pool. The APY for EDS is currently 22.49%, tiny dip this week but we're talking 1/50th of 1% so we're ok.
There are currently only 300 EDSM miners tokens left for sell, each miner costs 10 HIVE and mints roughly 2 EDS tokens per year. These miners are the only way to mint new ERDS tokens and once they are gone, they are gone.
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 that's 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 first is buying some EDSM tokens. These will always produce a min APY of 20%.
https://hive-engine.com/?p=market&t=EDSM
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.
https://hive-engine.com/?p=market&t=EDS
Weekly Roundup
We continue to grow and build the HIVE POWER balance, that's been the plan for day 1 and we've stayed true to that and remain a 100% HIVE income token, we convert everything to HIVE. I got airdrops, we convert it to HVIE, we earn tribes tokens from posts, we convert it to HIVE, everything goes into HIVE and this why we pay out 22.5% HIVE incomes to EDS token holders. There is no other project paying that high an APY for HIVE directly and EDS a pegged to 1 HIVE so they are safe as houses, safer because of the blockchain.
Look at the APY chart above, look how consistent the APY is each week. From the start of this year, in 10 weeks the variance in EDS weekly APY is 2/3rds of 1%. That's nothing, it's pretty much a set payment and the proof is in that chart. How many projects have you bought into that payout great HIVE dividends in the beginning and then fall off and die? Not EDS but its model is simple and very sustainable as proven over the past 18 months.
@eddie-earner is operated and its wallets/funds are backed by SPinvest
