EDS income token weekly report - 48

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.

It's just getting to be too easy. 32.5% APY. It's never been this high below

Cool looking numbers. Lets look at this weeks numbers in charts from year start to this week, week 48.

There were 236.40 EDS minted this week. This will be around 245 per week going forward for the next while. I said that if the currently 12.5k mintage of EDSMM sell out within 1 month, i will mint another 12.5k. This would result in a total of 294 EDS being minted per week. If another 12.5k are minted, those would be 100% be the last EDSMM minted because we need to reserve at least 20 years of rewards when minting miners and enough would be allocated to miners.

Damn, thats a pretty sweet looking jump we've had this week. We've added close to 4k HP this week and off HIVE POWER inflation alone, EDS is pulling in over 45 HP per week. More HP is good, it gets harder to earn a good APY of over 15% when you have more but I'm an excellent negotiator 🧙‍♂️

This charts follows the HIVE POWER charts so BOOM, its up nicely and the great thing is it never drops so the weekly HIVE income pool is always increasing because the HP balance increases each week. The Income pool is equal to a 12% APY of the eddie-earn HP balance. The account earns 16-17%, issues 12% as an income payment and compounds the remaining to keep growth going.

This weeks payments is 185.97 HIVE, up 8 HIVE from last week. That is an insane jump, i actually double checked my excel sheet to make sure the calculation was correct.

And lastly the one everyone cares about. We finish this week with a APY of 32.58% for EDS token holders. That is madness and the crazy thing is there are still 200k EDS to allocate. I will be aiming to raise a final 50k HIVE for EDS and that will be it, all EDS created will be allocated for the next 20 years of distribution.

Just for fun, i increased the HP balance on my sheet by 50k and the APY today would be 52.73%. We could never get this high, i think high 30's low 40's is possible. Im telling you, if you can understand the miner model and the impact it has on the EDS APY, you'll understand EDS will have a higher APY in the near future.

After everything that mints EDS tokens is sold, we will decline a fraction of a percentage for a few years and then it'll turn around start to increase. It declines because no new funding is coming in and more EDS are being minted that HIVE earned each week. The amount of EDS being minted will be set in stone number but our HIVE earning potential has no limit and there will come a time when our HP balance will earn more per week than EDS tokens minted if that makes sense.

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

So it's been another fantastic week with lots of people still interested in buying up EDSMM tokens. There are currently 6,500 remainings and we'll see how long it takes to issue them.

The EDS APY is through the roof and things are looking really good. We have almost doubled the HP balance from year start and we're earning more than ever from it, in terms of %.

Dont know what else to say, everything is going better than expected. HIVE income payments will go out this evening and i hope you have a great week.

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