EDS income token weekly report - 122

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%
120	55,950.65	437.50	115,655.63	265.98	24.81%
121	56,495.44	544.79	115,800.56	266.32	24.60%
122	57,035.06	539.62	116,020.63	266.82	24.41%
Week	Eds Circulating	EDS minted	HIVE POWER	Income pool	EDS APY

Let's get a look at the charts this week

Nice EDS mintage this week of 539, we're really starting to mint EDS at a higher volume. I know we over still over 440k to mint but feels fast at over 540 a week when we're used to 400. I cant see @eds-vote growing much more from now and I cant see EDSD ever minting a few hundred a week so we should float between 500-600 mintage from now until eds-vote runs out of EDS in 5-6 years, haha.

Hmm, this week not so good. The powerdown from @eds-vote finished last week and i never noticed until Wednesday. I started a new powerdown this morning and upped from 200 HIVE a week to 300 a week so we should get some sort of normality next week.

Total powered up was 106 HIVE which is nothing, to be honest, we earn 65 HP from inflation.

Very small increase to the HIVE increase pool of 0.50 HIVE this week to bring it to 266.82 HIVE. This is a direct result of only powering up 100 HIVE. Its the first week that I've actually struggled to get enough liquid HIVE to pay the income pool but just made it.

Exact the same as last week. The EDS APY takes a dip of 0.19% this week again. I've started a new increased powerdown so from next, we'll be getting an extra 100 HIVE every week. This extra 100 HIVE will pretty much cancel out the extra 100 EDS we're minting from @eds-vote and bring the EDS APY decline but down to closer to -0.12% again. Then in 13 weeks when we can start a new powerdown for 400-450 HIVE per week, we'll start to see the EDS decline faster.

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