EDS income token weekly report - 118

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 113,000 HIVE POWER pays out (113,000*12/52.18) 259.86 per week
• EDS in circulation each yield (260/54000) 0.0048 HIVE per week
• 0.0048 each week for 1 year (52.18) equals 0.25 HIVE
• 1 EDS pays out a HIVE income of roughly 25% 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%
115	53,758.19	423.18	113,875.81	261.89	25.42%
116	54220.80	462.61	114,237.93	262.72	25.28%
117	54,629.40	408.60	114,581.43	263.51	25.17%
118	55,054.05	424.65	114,916.90	264.29	25.05%
Week	Eds Circulating	EDS minted	HIVE POWER	Income pool	EDS APY

Let's get a look at the charts this week

We minted 424 EDS this week so fairly normal week. Next week this will change because @eds-vote received a massive 100k HP delegation and we'll be minting more EDS. Ballpark numbers would suggest that our new normal mintage each week will increase to 500. This big delegation has come from SPI and will remain in place for 8-10 months.

This week was a little low for the amount of HIVE powered up to the @eddie-earner wallet. I removed a delegation so no income for 5 days on that HP during cooldown. No biggie and part of the game. Still powered up 350 HIVE 😁

The HIVE income pool increased by around 0.8 HIVE this week. I look forward to seeing how this big delegation will impact this, sadly it'll be 12-13 weeks before we see this impact. Im 98% sure in 3 months time, the income pool will be growing by more than 1 HIVE a week. That might not sound like alot but growing by 1 HIVE per week for 1 year results in 1378 extra HIVE being paid out during that year and 2704 HIVE every year after. Little and often plus time yields fooking massive.

Bad week, we've gone backwards and the EDS APY decline was -0.12%. This is a result of powering up 30-40 HIVE less due to the undelegation and 5-day cooldown. We'll be back on track for next week.

A quick word on the 100k delegation to @eds-vote. This pushes the curation wallet to 240k HP which should earn roughly 360 HP per week. This is a juicy increase from the current 210-220 HP we earn now. It will be 12-13 weeks before we start to see the benefit of this because we need to build up a HP balance before we can power it down to be transferred to @eddie-earner. EDS currently gets 200 HIVE from @eds-vote and we should be able to increase this to 350 HIVE a week in 12-13 weeks time. We could go up in levels of 250,300 and then 350 but I'd rather just save it all up and go straight to 350 HIVE a week.

You should be aware that your HIVE income payment might drip a fraction of a percent over the next 12-13 weeks as 80 more EDS is being minted each week with no extra 80 HP going into the @eddie-earner wallet to balance it out. You may not even notice but you might and if you do now you know why.

The ecosystem is growing out nicely, crap we'll be doing NFTs soon and starting an Eddie tribe. Expect good EDS rewards from EDSD this week because the price of HIVE dropped 15%.

As with every week, SMASHED IT!

Income payments will go out this evening 😁

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

Thanks for checking out this weeks report!! Have a great week!

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

EDS Report Subscribers

@siddhartaz, @dkid14, @noctury, @stickupboys, @ericburgoyne, @shanibeer, @riandeuk, @roleerob, @thatcryptodave