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EDS income token weekly report 24

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@eddie-earner
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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 53,000 HIVE POWER pays out (53000*12/52.18) 121.88 per week
  • 24,900 EDS in circulation each yield (121.88/24900) 0.0048 HIVE per week
  • 0.0048 each week for 1 year (52.18) equals 0.255 HIVE
  • 1 EDS pays out a HIVE income of roughly 25.5% 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. The only way to mint new EDS tokens is by owning and staking either EDS miners (EDSM) are EDS mini miners (EDSMM) tokens. These miners when full issued and staked will yield a 20% minimum ROI per year.

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 things have been going well. We issued a few thousand EDS mini miners (EDSMM) and of course, powered all that HIVE up pushing near 60k HP. Really amazing to see this all starting to come together.

Hive Power is up so the HIVE income pool is up and the EDS APY is now 26.78% jumping almost 1% since last week. In the world of EDS, 1% is huge. You can check out the table below (12% HIVE Income Pool) to see growth is slow but consistent.

If you look at EDS minted this week, you can see that it is -9.26 EDS. This is because i was able to buy back 200 EDS tokens from the market and burned them. Between EDSM and EDSMM, there is 192 EDS minted each week, i burned 200 and we get a minus number. Having a minus mintage number is good :) You can see burns on the chart below at weeks 8, 14 and this week 24.

Another week and we have more HIVE powered up. There's been a nice jump the past 4 weeks. Let's hope it continues as sell more mini Miners (EDSMM)

You can see that the charts above and below mirror each other. The APY income paid out by EDS is equal to 12% of the powered-up balance of @eddie-earner so that is why. You can see that us growing by 1% in a week is massive for us.

From year start, the EDS HIVE income pool has increased by over 30% which is pretty amazing when we consider most other streams of passive income are now paying out less. EDS's model is so simple, that it cant fail.

So the HIVE income pool has increased 30% but I must mention that there are also 10% more EDS tokens in circulation. At year start 100 EDS would have earned 0.43 HIVE per week. Today 100 EDS will earn 0.51 HIVE per week so knowing these numbers, I can work the actual adjusted growth in HIVE income payments is 18%. Not too bad, I didn't even know that, just worked as i was writing it. Cool ๐Ÿ˜Ž 18% higher HIVE income per EDS token from year start 24 weeks ago.

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 still available to buy at the cost of 1 HIVE per mini miner 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

Its been a great week. We issued alot of miners, we increased out HP balance, income pool is up, everything is up.

Code for bots, not so great but we'll get there and get everything working as we'd planned.

HIVE income payments update There seems to be a problem with the code that distributes the HIVE payments each Monday for EDS. The problem is it is missing out on a block of token holders in the middle of the list which is very strange. I contacted the dev 5 days ago and again this morning but he has not gotten back to me, even to say he's busy and it's stressing me out so I move to plan B.

Plan B is to use the SPI coder (EDS was set before SPI had a coder so it's not our guy) to write up some new code and cancel the current bot. The new bot will be used from next week onwards and tonight's payment will be distributed by the broken code that pays out to 98% of tokens holders.

I have an excel sheet done up with the name on it so you are 1 of the unlucky ones, you will get paid when the new bot is confirmed to be working and of course, missed payments will be backdated to around 3 weeks ago when this all started.

DO NOT SET UP RECURRING PAYMENTS TO @eddie-earner Again, the problem is with the code. The bot does not pick these transactions up. The coder is sure he can get it working but when? im not sure. Im in the UK, he's in India so we are rarely online at the same time but we always get things done in the end.

Sending HIVE directly to @eddie-earner is still working fine. Each EDSMM costs 1 HIVE so you send 50 HIVE from your HIVE wallet, you get 50 EDSMM to your HE wallet.

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