EDS income token weekly report - 111

3 months ago

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 28%.

(Example of how the HIVE income pool is worked out)

EDS is pegged to 1 HIVE per token
12% of over 104,000 HIVE POWER pays out (104,000*12/52.18) 240 per week
EDS in circulation each yield (240/40,000) 0.006 HIVE per week
0.006 each week for 1 year (52.18) equals 0.31 HIVE
1 EDS pays out a HIVE income of roughly 31% 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. There are 2 ways to mint new EDS tokens. 1 is by owning and staking either EDS miners (EDSM) are EDS mini miners (EDSMM) tokens and 2 is delegations HIVE POWER to @eds-vote. EDS Miners yield roughly 20% per year and EDS-vote yields around 4-5%.

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%
5	23,406.78	96.60	42,666.41	98.12	21.87%
10	23,777.86	92.00	44,567.00	102.49	22.49%
15	24,115.46	97.46	46,968.00	108.02	23.37%
20	24,593.86	92.00	48,205.00	110.86	23.52%
25	25,276.00	196.00	57,895.00	133.15	27.49%
30	26,164.00	190.94	62,567.00	143.89	28.70%
35	27,156.86	203.20	67,552.00	155.36	29.85%
40	28,138.66	197.40	74,350.00	170.99	31.71%
45	29,125.66	192.20	74,809.52	172.05	30.82%
50	30,473.06	462.00	86,169.46	198.17	33.93%
55	32897.36	297.10	98,853.25	227.34	37.19%
60	33,382.46	298.20	101,628.19	233.72	36.53%
65	34,893.46	294.60	102,223.83	235.09	35.16%
70	36,469.58	319.61	102,880.59	236.60	33.85%
75	38,136.80	318.28	103,552.48	238.15	32.58%
80	39,872.92	349.80	104,470.72	240.26	31.44%
85	41,665.69	379.12	105,319.93	242.21	30.33%
90	43,569.61	359.68	106,530.84	245.00	29.34%
95	45,418.31	377.02	107,710.30	247.71	28.46%
100	47,471.89	405.79	109,011.43	250.70	27.56%
105	49,495.27	403.14	110,351.05	253.78	26.75%
110	51,631.75	428.51	112,015.90	257.61	26.03%
111	52,062.87	431.12	112,378.01	258.45	25.90%
Week	Eds Circulating	EDS minted	HIVE POWER	Income pool	EDS APY

Let's get a look at the charts this week

We minted 431 EDS in total. Thats roughly 290 from EDS miners, 115 from eds-vote and the remaining 25 from EDSD. Mintage growth is starting to steady off at 410-430 per week which is nice. This is around 20k a year and falls inline with our target to hardcap in 19-20 years.

Another great week with 370 HIVE powered up. The HP balance is continuing to see very good growth equal to over 15% per year. We are powering up around 1000 HIVE every 3 weeks so it will not be long until we hit 120,000.

This week the HIVE income grew by 0.84 HIVE. We've been grinding at this for a long time and in almost 4 years, we've never had a week where the HIVE income pool declining. The income pool will always increase because its related to the HP balance and the HP balance grows each week. Simples

I've added 4 lines in to show that the EDS APY is getting better. By that I mean, it's not declining as much as it used to. Starting from the 1st line at week 55 when we sold out of EDS miners and the APY was peaking. You can see how each line following becomes a tiny bit more horizontal, you see this most on the last line.

I talk about the EDS APY decline slowing down but it all looks like the chart on the chart. You cant see a 0.01% increase. We finished well with a decline of 0.13% this week and on par with last week. In other words, it takes around 8 weeks for the EDS APY to decline by 1%.

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 now sold out and can be bought from the hive-engine market 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 solid week is done and another week closer to the hardcap, only about 1000 more weeks to go.

Just an update, it looks like all our bots are up and running again. I see rewards from eds-vote and eds-d have been shipped and fingers crossed things are smooth sailing for now on.

Thanks for checking out this weeks reports, income payments will be shipped this evening and i wish you a great week.

@eddie-earner, its wallets and tokens are managed and backed by SPinvest