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 35%.
(Example of how the HIVE income pool is worked out)
- EDS is pegged to 1 HIVE per token
- 12% of over 98,000 HIVE POWER pays out (98000*12/52.18) 225.37 per week
- EDS in circulation each yield (121.88/24900) 0.0071 HIVE per week
- 0.0071 each week for 1 year (52.18) equals 0.368 HIVE
- 1 EDS pays out a HIVE income of roughly 36.8% 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. Buy some miners, let them mint you some EDS tokens, build a pile and collect weekly HIVE dividends. In other words, buy 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.
This week's numbers
Here you can see the progress of EDS from Jan 2022 to date.
| Week | Eds Circulating | EDS minted | HIVE POWER | Income pool | EDS APY |
|---|---|---|---|---|---|
| 1 | 23,024.00 | 88.38 | 42,453.00 | 97.63 | 22.13% |
| 2 | 23,112.38 | 88.38 | 42,525.58 | 97.80 | 22.08% |
| 3 | 23,213.58 | 101.20 | 42,577.04 | 97.92 | 22.01% |
| 4 | 23,310.18 | 96.60 | 42,623.41 | 98.03 | 21.94% |
| 5 | 23,406.78 | 96.60 | 42,666.41 | 98.12 | 21.87% |
| 6 | 23,503.38 | 96.60 | 43,294.67 | 99.57 | 22.10% |
| 7 | 23,599.98 | 96.60 | 43,367.00 | 99.74 | 22.05% |
| 8 | 23,584.66 | -15.32 | 44,054.00 | 101.32 | 22.41% |
| 9 | 23,685.86 | 101.20 | 44,423.00 | 102.16 | 22.51% |
| 10 | 23,777.86 | 92.00 | 44,567.00 | 102.49 | 22.49% |
| 11 | 23,879.06 | 101.20 | 45,883.00 | 105.52 | 23.06% |
| 12 | 23,971.06 | 92.00 | 46,468.00 | 106.87 | 23.26% |
| 13 | 24,072.26 | 101.20 | 46,589.00 | 107.15 | 23.22% |
| 14 | 24,018.00 | -54.26 | 46,703.00 | 107.41 | 23.33% |
| 15 | 24,115.46 | 97.46 | 46,968.00 | 108.02 | 23.37% |
| 16 | 24,207.46 | 92.00 | 47,016.00 | 108.13 | 23.31% |
| 17 | 24,304.06 | 96.60 | 47,047.00 | 108.20 | 23.23% |
| 18 | 24,405.26 | 101.20 | 47,120.00 | 108.37 | 23.17% |
| 19 | 24,501.86 | 96.60 | 48,152.00 | 110.74 | 23.58% |
| 20 | 24,593.86 | 92.00 | 48,205.00 | 110.86 | 23.52% |
| 21 | 24,689.00 | 95.14 | 50,600.00 | 116.37 | 24.59% |
| 22 | 24,885.46 | 196.46 | 52,601.00 | 120.97 | 25.36% |
| 23 | 25,089.26 | 203.80 | 54,076.00 | 124.36 | 25.86% |
| 24 | 25,080.00 | -9.26 | 55,974.00 | 128.73 | 26.78% |
| 25 | 25,276.00 | 196.00 | 57,895.00 | 133.15 | 27.49% |
| 26 | 25,475.06 | 199.06 | 59,604.00 | 137.08 | 28.08% |
| 27 | 25,672.00 | 196.94 | 60,574.00 | 139.31 | 28.31% |
| 28 | 25,769.26 | 97.26 | 61,709.00 | 141.92 | 28.74% |
| 29 | 25,973.06 | 203.80 | 62,066.00 | 142.74 | 28.68% |
| 30 | 26,164.00 | 190.94 | 62,567.00 | 143.89 | 28.70% |
| 31 | 26,362.00 | 198.00 | 63,036.00 | 144.97 | 28.69% |
| 32 | 26,555.00 | 193.00 | 63,511.00 | 146.06 | 28.70% |
| 33 | 26,756.00 | 201.00 | 64,453.00 | 148.23 | 28.91% |
| 34 | 26,953.66 | 197.66 | 65,141.00 | 149.81 | 29.00% |
| 35 | 27,156.86 | 203.20 | 67,552.00 | 155.36 | 29.85% |
| 36 | 27,348.46 | 195.60 | 70,817.00 | 162.86 | 30.85% |
| 38 | 27,749.66 | 205.60 | 73,408.00 | 168.82 | 31.74% |
| 39 | 27,941.26 | 191.60 | 74,237.00 | 170.73 | 31.88% |
| 40 | 28,138.66 | 197.40 | 74,350.00 | 170.99 | 31.71% |
| 41 | 28,336.00 | 197.34 | 74,399.00 | 171.10 | 31.51% |
| 42 | 28,532.26 | 196.26 | 74,529.90 | 171.40 | 31.35% |
| 43 | 28,729.66 | 197.40 | 74,580.74 | 171.52 | 31.15% |
| 44 | 28,933.46 | 203.80 | 74,763.27 | 171.94 | 31.01% |
| 45 | 29,125.66 | 192.20 | 74,809.52 | 172.05 | 30.82% |
| 46 | 29,328.26 | 202.60 | 74,927.15 | 172.32 | 30.66% |
| 47 | 29,543.66 | 215.40 | 77,128.91 | 177.38 | 31.33% |
| 48 | 29,780.06 | 236.40 | 80,864.88 | 185.97 | 32.58% |
| 49 | 30,011.06 | 231.00 | 81,715.25 | 187.93 | 32.67% |
| 50 | 30,473.06 | 462.00 | 86,169.46 | 198.17 | 33.93% |
| 51 | 30,697.86 | 224.80 | 87,783.66 | 201.88 | 34.32% |
| 52 | 31,002.66 | 304.80 | 94,102.78 | 216.42 | 36.42% |
| 53 | 31,302.66 | 300.00 | 95,582.96 | 219.82 | 36.64% |
| 54 | 31600.26 | 297.6 | 96,680.77 | 222.35 | 36.71% |
| 55 | 32897.36 | 297.10 | 98,853.25 | 227.34 | 37.19% |
| 56 | 32,189.66 | 292.30 | 101,083.01 | 232.47 | 37.68% |
| 57 | 32,507.86 | 318.20 | 101,187.00 | 232.71 | 37.35% |
| 58 | 32,793.06 | 285.20 | 101,309.72 | 232.99 | 37.07% |
| 59 | 33,084.26 | 291.20 | 101,436 | 233.28 | 36.79% |
| 60 | 33,382.46 | 298.20 | 101,628.19 | 233.72 | 36.53% |
| 61 | 33,690.06 | 307.60 | 101,704.16 | 233.90 | 36.25% |
| 62 | 33,988.26 | 298.20 | 101,830.03 | 234.19 | 35.95% |
| 63 | 34,285.26 | 297.00 | 102,000.68 | 234.58 | 35.7% |
| 64 | 34,598.86 | 313.60 | 102,131.16 | 234.88 | 35.42% |
| Week | Eds Circulating | EDS minted | HIVE POWER | Income pool | EDS APY |
Lets get a look at the charts this week
Over 300 EDS minted this week but im doing the report about 12 hours later today. I would guess next week we'll mint 280 EDS. EDS mintage is consistent and will remain like this for many years until all 500,000 are in circulation.
HP grew by a little this weeks it does each week. Growth has slowed down from we sold out of EDSMM and we knew this happen so it's part of the plan. The account is currently growing by around 8% per year after INCOME payments are sent out.
Minimal growth this week but growth is growth and up is always better than sideways or down. The INCOME pool is 234.88 this week and this grows a little each week so EDS tokens holders will split a min of 12.2k HIVE. That might not sound like a huge for 1 year but when we consider there are 34k in circulation and EDS are pegged to 1 HIVE each, not so bad 😏
Damn, the above chart is starting to look nasty. It looks much worse than it is because the EDS APY is still over 35% paid directly in HIVE. We can expect this trend to continue over the coming weeks and months but you'll really not even really notice it that much.
In a nutshell - EDS still KILLING IT!!
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
Another smashing week for EDS and i have good news.
I have an update on the delegating HP to receive EDS idea and he said he can do it no problem. It actually works alot like brofi for those that are thinking "what is it?" You'll delegate HP to EDS and each week, you earn some EDS.
I still need to get a post out explaining this all but i was waiting to get a dev first. No point in shilling an idea i cant do on my own so i had to have a dev first. You can expect this post toward to the end of this week with plans to launch in around 2-3 weeks.
HIVE income payments will go out this evening have a great week everyone.
@eddie-earner is operated and its wallets/funds are backed by SPinvest
