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% |
| 96 | 45,817.04 | 398.73 | 107,937.62 | 248.23 | 28.27% |
| Week | Eds Circulating | EDS minted | HIVE POWER | Income pool | EDS APY |
Let's get a look at the charts this week
Just under 400 EDS minted this week, 296 going to EDS miners and around 100 going to @eds-vote delegators. Next week the mintage number will be higher again because eds-vote continues to grow. This puts us at minting over 20k per year, still over 2 decades to hardcap.
This week is pretty much the same as last week for HP growth. Next week will be better because i have just started a new powerdown from eds-vote for 150 HIVE per week up from 100 so an extra 50 HIVE to powerup each week 🎉
Another week, another small increase. This week the income pool increased by 0.52 HIVE. Its not alot but the income pool increases each week, it's currently seeing growth of around 12% per year. It will be interesting to see if powering up an extra 50 HIVE per week will have any impact on this.
What can I say that I have not already said? 30ish weeks of straight decline and still over 28% APY. How low will it go? God knows!
Working out projections with EDS miners is easy cause they mint a set number of EDS but eds-vote is variable so it's harder to guess and we'll release a HBD token that will reward much like eds-vote next month which will mint moar EDS. This should also have a positive impact on the EDS APY so we'll start the new year off with that and see how the APY for 2024 goes.
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 killer week, it's almost too easy. I do a few reports each week, about 6 in total and this is the only one I actually enjoy doing cause I know its a winner every week. The others are ok but you can understand writing weekly reports for 4 years gets a bit dry when not much really happens week to week during bear markets. But EDS is always up!
For me, EDS is a fun project to run. It takes little time, very little time and it works perfectly as it should. Because we keep it 100% HIVE, market fluctuations mean nothing to us and our results are fairly predictable and consistent. What else could ya want as an operator fair flip sake?
Like I said above, I started a new powerdown from eds-vote, we've increased it from 100 HIVE per week to 150. eds-vote is currently earning over 200 HP per week so if we can keep that up for the next 13 weeks, we'll beable to do a 200 HIVE per week powerdown 🚀
HIVE income payments will go out this evening have a great week everyone.
@eddie-earner, its wallets and tokens are managed and backed by SPinvest
EDS Report Subscribers
@siddhartaz, @dkid14, @noctury, @stickupboys, @ericburgoyne, @shanibeer, @riandeuk
looking good
!CTP
!BBH
!PGM
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!
Discord
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
@eddie-earner! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @ericburgoyne. (2/20)
great stuff!
200 HIVE powerdowns will be sooo helpful for EDS ^^
hope the EHBD launch goes good!
now lets wait for HIVE to go down, so we print more EDS
200 HIVE powerdowns would be epic.
I'll need to get the ball rolling on the HBD token. My work is only 4-6 hours but i need to let the coder know i need something
yep, im waiting for HIVE to drop off some as well. I have HBD in my personal wallet im looking to convert.
Great to see organic growth in delegations to @eds-vote.
Its doing amazing, over 230 HP from rewards this week and half of that issued as EDS
!PGM
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!
Discord
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