Quick updated on EDS token APY and miner token update
Hello gang. It's been a few minutes since I have done an update on how EDS tokens are performing. The current crypto climate has me busier than a bee in a bonnet but i have the time today to post out a quick update and I'm sure a few why have been waiting for it.
Things for EDS or going well, i continue to do everything that is required and things are running smoothly. Our weekly income dividend pot continues to grow a little each week and as more miners are issued, APY's will continue to increase.
This is very rough but we can see the important numbers. There are 20,256 EDS token in circulation and the account grew by 387 HIVE this week. The total growth of the project to date is 88% meaning weekly income payments are up 88% from launch and we launched at 12% APY. This is we work the current APY.
12% 188% = 22.56%**
The only way to get newly minted EDS tokens is to mine them using EDSM tokens. These are mining tokens that work exactly like tribe miners like LEOM. There are 2500 EDSM in circulation, each miner will provide mining rewards in EDS tokens equal to roughly 20% per year. This is based on 2500 EDMS being staked but currently, there are only around 1700 staked which means EDSM miners current APY is closer to 30%.
There are only 850 left to issue and then I'll burn the rest. We will release another miner when the current EDSM sells out. Issuing new EDS miners will not affect the ROIs of pre-existing EDS miners but they will increase the APY's of EDS tokens that all EDS miners will mine.
My advice is to get in early on the first miner because the EDS token APY will continue to go up as more miners are sold, more HIVE POWER is staked and more earnings come in. Plus dont forget about future HIVE airdrops and @eddie-earner's 38k and growing HIVE POWER balance. EDS are set up to be weekly HIVE income tokens, if you plan to be around HIVE for a while it doesn't hurt to start building some passive incomes.
EDS launched 31 weeks ago Below is a chart showing how many HIVE has been paid out each week since the launch. You can see the slow increase each week as the EDS HP balance increases. The big increase at week 13 was due to someone investing in the EDS seed round and the big jump at week 23 was when EDSM was released. We can see if continue to release new EDS miners, the weekly HIVE income payments for EDS token holder will increase.
When EDMS miners launched, there were 20,000 EDS in circulation. Since then over 1200 new EDS tokens have been mined and minted but the amount in circulation has only increased by 256 because we provide liquidity for EDS tokens by buying them back from the exchange for 1 HIVE each. All of the tokens bought back are burned, the more that are burned the higher the APY for remaining EDS tokens holders and EDS miners.
ONLY 859 EDSM tokens left
HIVE-ENGINE - https://hive-engine.com/?p=market&t=EDSM
LEODEX - https://leodex.io/market/EDSM
Thanks for taking the time to read through this post, if you have any questions please ask below and I will get back to you as quickly as I can.
Posted Using LeoFinance Beta
