EDS token APY and miner token update - Still growing

Hello EDSers, time for a quick update on things are going and how things are still growing. We sold over 100 EDS miners (EDSM) this week and that has helped to boost the EDS APY to just over 23% for 22.5% last week. There are still around 750 EDS miners for sale so we can expect the APY to increase to between 25-30% by the time the last miners sell.

What happened this week?

We all got crypto wrecked, that's what happened. HIVE at the time of writing is +0.01% from this time last week so HIVE has done ok which is good because @eddie-earner only holds HIVE.

Someone sold 85 EDS tokens back to us through the exchange and as always, they have been destroyed and burnt out of existence. To date, we've bought back and burnt around 75% of all EDS minted from miners since miners launched. I never really noticed that until now, that's pretty cool. Do you know what else is cool? How the weekly HIVE payments for EDS token holders keeps increasing. The weekly pool will soon be over 100 HIVE. Here are a few basic numbers to wet your whistle.

Growth to date is how much the weekly dividend has grown from 12% at launch.

12% (launch) 1.9279 (growth) = 23.13% (dividend)**

We'll soon be hitting 25% of we can issue the rest of the miners. Of course when these current miners are all sold out. I'll release another miner that will help to boost our weekly payments even higher still. I know it sounds like a ponzi but we pay out less than we earn every week and maths behind it can be seen here if you interested to see mining simulations run out over decades and projected APY's and growth.

EDS tokens were launched 34 weeks ago. The first weekly dividend pool was worth 12.** HIVE and tonight pool is worth 90 HIVE. Below is a chart showing weekly dividend pool sizes since launch.

The 1st big jump at around week 13 was an investor buying up the last of the exchange tokens for sale. You can see from weeks 13 to 23, growth is there but it's slow and then we launched EDS miners in week 24 and since the weekly pool has been growing quickly. Look at that trending line, the SOB is almost 45 degrees.

Also, from week 13, 20,000 EDS tokens have been in circulation just encase you thinking that the reward pool is being liquidated by new EDS tokens being minted from EDS miners. Remember, we've burned off around 75% of all mined tokens so far. EDS APY has increased by 9.5% and circulating EDS tokens only by 1.7% since miners were launched.

Simple stuff and with more miners in the future, the APY is set to keep increasing based on the model we use. Im not the fence between cheap miner are expensive miner? the result will be the same either way. Anyways, the current miners need to be sold out first.

Thank you for reading this EDS update, I hope you've enjoyed it and will consider adding a few EDS miners to your portfolio.

Posted Using LeoFinance ^Beta