HBD Backed EDS tokens | EDSD Weekly Updates and Charts #4

3 months ago

Hello and welcome to this weeks EDSD post.

What are EDSD tokens?

EDSD @eds-d are the last to be released token from @eddie-earner because now all 500k EDS are allocated. Some will be aware that I have been itching to release an HBD-backed token for EDS for a long time but I could never think of a good model. I was thinking how can EDSD compete with the 20% APY being offered for saving HBD currently? This was the wrong way of thinking, let me explain.

I am aware that there is a demand for EDS tokens because they have a small mintage and pay out a handsome HIVE income equal to over 25% APY. We seen from @eds-vote that investors were happy to split rewards and receive 50% of the curation rewards as EDS with the other 50% being powered up to @eddie-earner which increases the EDS HIVE income pool. Win/win. EDSD is based on this model.

EDSD tokens are equal to a HBD Bond that you buy, hold a long time, get a yield and when you want your HBD back, you convert your EDSD back into HBD. All HBD collected from issuing EDSD is added to the @eds-d saving wallet. 100% of the interest earned is converted to HIVE with 50% used to mint and issue EDS at the value of 1 HIVE each to EDSD token holders and the remaining 50% being powered up to @eddie-earner. Basically, 100% is powered up and we issue EDS rewards on half the amount powered up.

After you exit, assuming you stacked your EDS, you will have an HIVE income for life or at least as long as mine, (38). The longer and more EDSD you hold, the more EDS you will get and the higher your HIVE income will be. Pretty simple, buy it and forget about it. EDSD will not last forever as they have a set amount of EDS allocated to them and when the allocation is done, EDSD will either wrap up or introduce another reward. We're talking a few years, not a few months.

For full information about EDSD and FAQ's, please click below

Week 4s Update

Get ready to embark on another rollercoaster ride through the wild and wonderful world of EDSD with our Weekly Report. This edition is juicier than a pineapple at a tropical crypto party, price shenanigans, and tech breakthroughs that even Elon would raise an eyebrow at. Let's get into it.

We added around 150 HDB to the wallet this week which is excellent, every little counts and it all add up quickly. Another way to look at it is 150 per week is 7500 a year assuming we can keep this up which is possible, we'll see.

Would be amazing to cross over the 4k mark next week so if your on the fence on whether to get some EDSD are not, the grass is greener on this side 🤑

Decided to add in numbers to the above chart this week. So the blue line in how much HBD we earn each week from interest payments and the orange line is the amount of HIVE we convert it in each week. Now because HIVE is under $1, the orange line is on top but when HIVE goes to over $1, the line will flip places. This will be interesting to see.

I understand people will understand if HIVE is over $1, we will get less HIVE and therefore mint less EDS. If HIVE were $2 this week as an example, we would have converted the HBD interest (14.96) into 7.5 HIVE and minted 3.75 EDS. This is all true and I dont have anything smart to say or come back with. I have an idea, i do have something but today is not the day to share it. Most projects try to be bear market proof but EDSD needs to be bull market-proof, haha.

Some thus far have been good, our HBD interest payments are increasing each week and the amount of HIVE we can convert that into is growing even higher.

We minted 23.91 EDS this week. It does not sound like alot and it's not back we're only getting started and this could be 50 EDS in only a few months. The important thing is, that the amount we mint from EDSD is increasing.

For next week, I will add to the bottom of this post a "withdraw request" progress. The withdrawal ticket is a picture that anyone looking to cash out can copy/paste into the comments of the latest EDSD weekly post each Tuesday. The idea is, the picture will make your comment stand out and we'll get your HBD back to you ASAP. Feel free to never use it.

The first will be publicly shammed, they might even get blacklisted from EDS rewards for a few months 🤣 Only joking, I understand having liquidity is king and being able to buy and cash out of an investment is a must most projects dont value and investors are the losers. Can you sell $1k of any token on HE without crashing the price? Hell no! Anyway, I'll get this sorted for next week. Have a great week everyone.