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 week has passed and the APY for EDS tokens has increased again as has the HIVE income reward pool. From the year start we can see a 10% increase in the income reward pool and it'll not be long until we're issuing out 150, 200, and 300 HIVE each week in HIVE payments as everything compounds.
As EDS APY is connected directly to the eddie-earner HIVE power balance, it has also increased by 10% over the past 15 weeks. With only 100 EDSM miner token left for issue and a new miner coming when they are sold out, we hope to see a FURTHER spike in the EDS APY when the new EDS miner is released and more HIVE is powered up to the eddie-earner account.
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
EDS is working perfectly for what it is supposed to do. It is paying out a HIVE income from an ever-growing reward pool. The income pool amount each week is based on 12% of the Eddie-earner HP balance so it never decreases because the account has more HP each week. Simple stuff? yep, simple works best.
We went from EDS paying out a 13% APY pre miner to 23% post miner, I'd hope 1 more mini miner could push us past 30% with ease. FYI, I plan each miner to pay out rewards for a minimum of 20 years, but closer to 30. Each miner will mint 5000 new EDS tokens per year with 100-150k tokens set aside per miner for future rewards.
As the price of HIVE increased, EDS income payments do not decrease as EDS is 100% HIVE backed, I dont had any hive-engine tokens, no gaming tokens, and no CUB/DEFI. EDS is HIVE pure meaning everything that comes in is converted to HIVE and powered up. The only thing that goes out is the weekly income pool.
Thanks for reading this weeks report. Not much has happened, we get closer selling off the last of our current miners and then the fun will begin all over with a new mini EDSM miner that will be sold off at 0.2 - 1 HIVE each. Im really on the fence between 25k miners at 1 HIVE, 50k at 0.5 HIVE or 100k miners at 0.25 HIVE each. The EDS mined will be exactly the same depending on the amount of HIVE invested but im not sure which will sell out faster, im thinking it'll take months as these first have. Anyways, thats still to be decided, other than that the process is simple.
Have a great week folks
@eddie-earner is operated and its wallets/funds are backed by SPinvest
