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% |
| Week | Eds Circulating | EDS minted | HIVE POWER | Income pool | EDS APY |
Let's get a look at the charts this week
We minted 403 EDS this week in our first week with EDSD rewards going out. Now there are 3 ways to get EDS, you can own EDS miners (EDSM & EDSMM), you cand delegate HP to @eds-vote and now you can get EDSD, our new token thats is pegged to HBD and rewards in EDS (which rewards in HIVE).
We are s close to moving 50k EDS in circulation which is 105 of all the EDS that can over be created.
We've powered up about the same as last week so doing good. The extra we got from EDSD was cancelled out by low content rewards, lol. Remember giving a big juicy upvotes to @eddie-earner content is all powered up and goes toward increasing the HIVE income pool. wink, wink.
The HIVE income pool increased this week by 0.64 HIVE which is a good week, not a great one. Good weeks are good, not great. Overall in the above chart, we can see that the incline is increasing faster and this is basically what compounding looks like. Little and often equals big results :)
This week we are back to normal with an EDS APY decline of 0.16%. We've been at this level for a while now and I hope with a boast from EDSD, we can get this decline to 0.15 in the coming weeks. Pretty standard week, we've been declining for over a year now.
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 great week behind us, sorry I mean a good week.
EDSD is doing well, I see a few people have set up recurring payments was it cool to see because it cost $100 to set up, lol. The first payments went out last Tuesday and going forward, These rewards will go out each Tuesday from now on.
EDS-vote is doing well also, it has grown by around 5k HP this past week so it's back on the upward trend. Massive thank you for everyone who delegates to @eds-vote. I mean you get EDS tokens but you are also helping to speed up the EDS flip. The flip is when EDS goes from a declining APY to an increasing one.
We're doing well in all parts of EDS and all engines are now firing. We just have to let compounding do its thing and then after a decent amount of time has passed, we can slap EDS into cruise gear, sit back and collect the income.
HIVE income pools will go out this evening as always, have a great week folks.
@eddie-earner, its wallets and tokens are managed and backed by SPinvest
EDS Report Subscribers
@siddhartaz, @dkid14, @noctury, @stickupboys, @ericburgoyne, @shanibeer, @riandeuk
!DHEGDE
@eddie-earner ? Gonna ask a fourth time, and a reply would be appreciated..
Toward the bottom of the post. I will update this later this evening. EDS distribution is the main use case for @eds-vote, upvotes are just a bonus and i only update the bot every 1-3 weeks.
https://peakd.com/leofinance/@eddie-earner/edsvote-update-17-or-they-see-me-rollin-they-hatin
Thanks for the report, good day.
Your welcome, will have another out next week.
I'm wondering why I'm getting shorted on my HIVE payments for the last few months? According to the calculations above I should be getting .006 HIVE per EDS every week but I've plateaued for a while now. I have 557 EDS * .006 = 3.342 HIVE and yet I once again only received 2.74...which has been fairly standard for the last few months.
Like I said, it used to go up slowly as my miners keep adding EDS but that hasn't happened for a while. Please get back to me. Thank you!
Ok, 0.06 HIVE per EDS is not right. The HIVE income pool this week is 253.78. We divide that by the 49,495 EDS in circulation and we get 0.0051 HIVE. You have 557 EDS so your payment should have been 2.85 HIVE, not 3.342.
0.0051 weekly for 1 EDS is 0.267 HIVE per year equal to a 26.7% APY. I dont see how your being shorted.
You are not aware but the @spi-payment pays out 98-99% of its balance when issuing HIVE payments, this is to ensure we dont overspend. This 1-2% compounded for almost 3 years and around 2 months back, i moved the buildup of HIVE to the accounts savings wallet. This will have factored into you getting a little less each week but this was extra.
Thanks for the explanation. I guess my biggest question is why my earnings are no longer going up, even though I continue to add EDS every week? Like I said, for the last 3 years I've just let my miners mine and add to my EDS total. Throughout that time my HIVE payment every week has grown from literally 0 up to a high of 3.05 in October. Since that time it's gone back down to 2.68 and was 2.74 this last time. In that same time I've added around 60 EDS. So I'm just trying to figure out why my total EDS has grown by over 10% while my payout in HIVE has dropped by 10%. It's not making sense to me. Can you enlighten me please?
I'd guess that EDS tokens are being minted faster than your minting
your EDS tokens if that makes sense. EDS mintage each week from both EDS miners is 300, which was for a very long time. We added @eds-vote 6-7 months ago and it mints around 100 EDS per week and now we've have EDSD minting another 40 EDS per week. So we could say that the weekly EDS mintage has increased by 45-50% over the past 6-7 months.
This does dilute HIVE income payments per EDS token but this should not be a surprise because the EDS APY has been dropping for over a year now and I highlight it every week.
My guess would be since @eds-vote came along, more EDS have been minted and the ones that you are minting have less of an impact and is resulting in less share of the total income pool.
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