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.
Income Stats, Week 26
Another solid week behind as we continue to issue out more EDSMM and mint more EDS tokens into circulation. We crossed over the 28% APY mark and reach another all-time high making EDS most likely the best income token on HIVE.
There have been around 1800 HIVE powered up this week in total and 199 new EDS minted from EDSM and EDSMM. The HIVE income pool has also increased to just over 137 HIVE. It's truly amazing to see how this is growing out and I think it's possible for us to hit an EDS APY of 30%. Think how crazy that is and be glad you are part of it if you invested early on.
Bought back 50 EDS tokens this week, just waiting on the buy order to get filled. I'll have those burned for next week and we should see an increase of around 150 EDS instead of 200.
The above chart is looking amazing from week 20 going to 48,000 to 59,000 today and still growing as we issue more EDSMM tokens out. Remember the weekly HIVE income pool is equal to a 12% APY of this HIVE POWER balance so more HIVE POWER, higher income payments. I choose 12% because I know we can earn more than 12% so we can issue 12% and compound the rest to ensure the income pool is always increasing each week.
The proof is in the pudding they say and here's the proof paying out 12% and compounding the rest increases the income pool each week. There's not 1 single week since launch that the HIVE income pool has not increased. It's just built into the model.
Lastly, APY. This does dip off sometimes by the amount of a fraction of a percentage. You can see that from week 1 to week 20, the APY increased very steadily from 20% to 22%. We see this current jump because we released EDSMM miner tokens and we've had a nice surge of investment. Keep it coming and this APY will continue to increase.
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
Weekly Roundup
Everything is going very well in EDS land and the APY is currently amazing. Im always trying to think of the next thing and for EDS I have been thinking for around 6 months about how to add another layer of income token to EDS. I've had alot of good ideas that tested poorly in simulations and silly ideas but I think I have the next thing for EDS. Nothing will happen before all 25,000 EDSMM tokens are issued but I will say it's HBD related and that's all I'll say. OKokok, I'll also say that the APY will be more than 20% and HBD income will be weekly. I have said too much already. Maybe I should delete that last sentence, I'll flip a coin....you got lucky.
Focus now is still on issuing EDSMM tokens and increasing the account HIVE POWER balance. EDS is a 100% HIVE POWER account, everything we get, tribe tokens, airdrops, prizes, whatever it is, it's all converted to HIVE and powered up. It's just that simple.
@eddie-earner is operated and its wallets/funds are backed by SPinvest
