EDS income token weekly report 22 | Now over 50k HP and EDS APY 25%+

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 payout weekly dividends every Monday based on 12% of the total powered up balance of the eddie-earner account. This is currently paying out an APY to tokens holders of over 23%.

EDS are pegged to 1 HIVE per token
12% of over 40,000 HIVE POWER pays out (40000*12/52.18) 91.89 per week
20,800 EDS in circulation each yield (91.89/20800) 0.0044 HIVE per week
0.0044 each week for 1 year equals 0.23 HIVE
1 EDS pays out a HIVE income of roughly 23%

EDS tokens launched with a hardcap of 500,000 and public sale 20,000 tokens each issued for 1 HIVE each. The only way to mint new EDS tokens is by owning and staking EDS miners (EDSM) tokens. These cost 10 HIVE each and yield a 20% minimum ROI per year. There are only a few hundred left for sale and then we release a new miner that will push EDS APY to 35% plus.

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. By some miners, let them mint you some EDS tokens, build a pile and collect weekly HIVE dividends. In other words, bu 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.

Another week has passed and it has been a fantastic week for EDS. Around 4500 EDS mini miners (EDSMM) have sold over the past week which is very roughly 1/5th of mini miners sold. Doing some quick head numbers, i can work out the current APY for EDSMM is over 100%. Im sure that everyone that has already invested is happy so far or at least not disappointed.

So on to earnings. They are up! We have much more HIVE POWER as we've sold 4500 HIVE worth of mini miners and the HIVE income pool is up to 120.97 HIVE this week. Remember as well, this number will never drop either because it's based on 12% of the HIVE POWER balance and we add more HIVE POWER each week. Even I were to fall into a coma is something, the account would still grow from HIVE POWER inflation alone. Likely, im in good health and we're pushing an EDS APY of 25.37%.

I'd say it's been a good week. EDS is now paying out a HIVE income equal to more than 25% of investment over a year.

Using the rule of 72, that's 2.88 years to double your EDS holdings if you use your HIVE income dividends to place buy orders for EDS at 1 HIVE each on hive-engine. There's not much volume but I've never had any problem buying a few hundred at 1 HIVE over a few days. Speaking of which, I bought back 150 EDS from hive-engine and I'll be burning them soon o reduce the supply a little. Just waiting on the last 15 to get filled. 150 EDS is equal to 75% of the EDS created each week from the 2 miners just as an FYI and a bit of information you might like.

Starting out with the APY chart this week, not much to say other than it looks amazing and as expected. 30% APY is the next target, im thinking it'll not happen as fast and might take a month are 2 but we'll get there.

Now we have 2 miners, we are minting 192 new EDS every week. There are reserves for decades. You will see this chart bending upwards in a few weeks from now as we double minting. No need to worry about this, if EDS brings in more than 192 HIVE per week to back the newly minted tokens, it's all good.

There's a nice jump there at the end for the past 2 weeks as the eddie-earner account now officially has over 50,000 HIVE powered up! That has to be some sort of milestone on the fish to whale scale thing. What's a dolphin? 50k? Anyways, you can see this chart moves 1 way which is up and sorta sounds for itself.

The weekly income pool is based off the HIVE POWER balance so more HIVE POWER, bigger HIVE income pool each week. It's based off a 12% APY of the HIVE POWER balance. These that were around when EDS was putting out weekly cartoons will remember the 12% APY as it was always in each cartoon. Income pool is now over 120 HIVE and the only way is up.

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 that's 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 first is buying some EDSM tokens. These will always produce a min APY of 20%.

https://hive-engine.com/?p=market&t=EDSM

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.
https://hive-engine.com/?p=market&t=EDS

Weekly Roundup

As i said, it's been a great week, 4500ish HIVE powered up and earning is amazing. Im sure we'll sell lots more mini miners (EDSMM) that are only 1 HIVE each on hive-engine and be able to power up even more HIVE, maybe we'll even hit 60k soon.

Oh, I almost forgot, I've been talking with the coder and he's going to throw something together for us to make it easier to buy EDSMM miners. So you know how you need to go to hive-engine, deposit HIVE and lose 1%, then have to search for EDSMM and blah, blah. What about being able to send HIVE directly to eddie-earner through your HIVE wallet to receive your EDSMM tokens on your hive-engine wallet a few minutes later. That would be cool?

Well, it should be ready for next week. Why? 2 answers

1/ It's cool 2/ Recurring payments - Savers can easily set up a recurring HIVE payment to eddie-earner to happen as often as they like. This will help alot of people stack lots of miners over time. Buying 10 a week could turn in a holdings of 350-500 by the time all 25k are minted. If there was to be lots of savers and recurring coming into the account, we can always issue more miners and increase the mining rewards. I'd say there is a 15% chance of this happening but that's 1 in 7 so it might but probally not.

I think alot of Saturday saving club will love this idea!

Thats your week this week from last week. Have a great week, buy more EDS mini miners (EDSMM) and starting mining those sweet EDS tokens that are paying out an APY of over 25%. Heee-yaaa, dividends will go out later this evening.

@eddie-earner is operated and its wallets/funds are backed by SPinvest