EDS income token weekly report - 92

in #hive5 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.

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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.

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This week's numbers

Here you can see the progress of EDS from Jan 2022 to date.

WeekEds CirculatingEDS mintedHIVE POWERIncome poolEDS APY
123,024.0088.3842,453.0097.6322.13%
523,406.7896.6042,666.4198.1221.87%
1023,777.8692.0044,567.00102.4922.49%
1524,115.4697.4646,968.00108.0223.37%
2024,593.8692.0048,205.00110.8623.52%
2525,276.00196.0057,895.00133.1527.49%
3026,164.00190.9462,567.00143.8928.70%
3527,156.86203.2067,552.00155.3629.85%
4028,138.66197.4074,350.00170.9931.71%
4529,125.66192.2074,809.52172.0530.82%
5030,473.06462.0086,169.46198.1733.93%
5532897.36297.1098,853.25227.3437.19%
6033,382.46298.20101,628.19233.7236.53%
6534,893.46294.60102,223.83235.0935.16%
7036,469.58319.61102,880.59236.6033.85%
7538,136.80318.28103,552.48238.1532.58%
8039,872.92349.80104,470.72240.2631.44%
8541,665.69379.12105,319.93242.2130.33%
9043,569.61359.68106,530.84245.0029.34%
9143,936.88367.27106,776.94245.5729.16%
9244,306.81369.93107,022.40246.1328.99%
WeekEds CirculatingEDS mintedHIVE POWERIncome poolEDS APY

Let's get a look at the charts this week

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369 EDS minted this week. To be honest, we were minting 200 a week for so long that seeing over 350 being minted each week seems like lots to me, haha. And then I remember, thats still only 18k a year and we have over 400k that can be minted. Wen 500 a week? I hear you ask 😝

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The HP balance has gone past 107k which is amazing. I had a look into the past few months, week by week and from my eye it looks like the HP balance is growing by around 1k every 4ish weeks which is amazing, thats 13k per year. I have projected HP growth of 3% in the EDS model the HP balance is currently growing by 12% per year so we really kicking ass and getting it done!

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The HIVE income pool increased by 0.56 HIVE. That is not a big number but its worth 30 HIVE a year and we add this amount every week so after 1 year, we'll have increased the weekly HIVE pool by at least 30 HIVE and yearly pool by over 1500 HIVE. If you own 1% of EDS tokens, currently 450,thats 15 HIVE extra per year in your pocket.

It's actually much better because this weekly increase increases each week itself by just under 0.01 HIVE per week. Next week, the increase should be 0.57 HIVE.

EDS is really amazing when you think about it. It's just all compounding and this guarantees the HP balance increases and in turn the HIVE income pool increases.

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Another week, another dip in the EDS APY but the good news, the decline for this week was -0.17. Last week it was -0.18 so this is very good. It might just be a fluke like decimals being rounded up. We'll find out for sure next week.

At around this range of declining 0.17% per week, we can expect the EDS APY to decline by around 1% every 6ish weeks. The decline will continue as we get closer to 0.00. As we drop each 0.01%, it will take a little longer to reach to next decline and this continues until we get to 0.00. We might stay on a decline of 0.17% per week for the next 4 weeks, then -0.16% for 6, then -0.15% for 10 weeks, you get the idea.

The APY decline and APY flip is built into EDS but @eds-vote is speeding the whole process up a bunch so all support for @eds-vote is much love.

Oh the EDS APY after about 30 straight weeks of decline is 28.99% 🔥

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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

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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

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Weekly Roundup

Killing it always, what more can I say?

🎉🥳💰💰

HIVE income payments will go out this evening have a great week everyone.

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

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EDS Report Subscribers

@siddhartaz, @dkid14, @noctury, @stickupboys, @ericburgoyne

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another great report

!CTP

!PGM

!LOLZ

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Thanks man

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remaining commands 2

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

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Quote If you own 1% of EDS tokens, currently 450,thats 15 HIVE extra per year in your pocket. <

So i get 100 hive a year more! sweeet
its pretty amazing how much we are already snowballing
i think next year eds will kick ass

The ass-kicking will get better each year cause of the snowball. 🎉🥳💰

1


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!PGM

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS - 0.01 WOO - 0.005 SCRAP tokens

remaining commands 9

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

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Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444