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 
(Example of how the HIVE income pool is worked out)
- EDS is pegged to 1 HIVE per token
- 12% of over 98,000 HIVE POWER pays out (98000*12/52.18) 225.37 per week
- EDS in circulation each yield (121.88/24900) 0.0071 HIVE per week
- 0.0071 each week for 1 year (52.18) equals 0.368 HIVE
- 1 EDS pays out a HIVE income of roughly 36.8% 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 
This week's numbers
Here you can see the progress of EDS from Jan 2022 to date.
| Week | Eds Circulating | EDS minted | HIVE POWER | Hive income pool | EDS APY |
|---|---|---|---|---|---|
| 1 | 23,024.00 | 88.38 | 42,453.00 | 97.63 | 22.13% |
| 2 | 23,112.38 | 88.38 | 42,525.58 | 97.80 | 22.08% |
| 3 | 23,213.58 | 101.20 | 42,577.04 | 97.92 | 22.01% |
| 4 | 23,310.18 | 96.60 | 42,623.41 | 98.03 | 21.94% |
| 5 | 23,406.78 | 96.60 | 42,666.41 | 98.12 | 21.87% |
| 6 | 23,503.38 | 96.60 | 43,294.67 | 99.57 | 22.10% |
| 7 | 23,599.98 | 96.60 | 43,367.00 | 99.74 | 22.05% |
| 8 | 23,584.66 | -15.32 | 44,054.00 | 101.32 | 22.41% |
| 9 | 23,685.86 | 101.20 | 44,423.00 | 102.16 | 22.51% |
| 10 | 23,777.86 | 92.00 | 44,567.00 | 102.49 | 22.49% |
| 11 | 23,879.06 | 101.20 | 45,883.00 | 105.52 | 23.06% |
| 12 | 23,971.06 | 92.00 | 46,468.00 | 106.87 | 23.26% |
| 13 | 24,072.26 | 101.20 | 46,589.00 | 107.15 | 23.22% |
| 14 | 24,018.00 | -54.26 | 46,703.00 | 107.41 | 23.33% |
| 15 | 24,115.46 | 97.46 | 46,968.00 | 108.02 | 23.37% |
| 16 | 24,207.46 | 92.00 | 47,016.00 | 108.13 | 23.31% |
| 17 | 24,304.06 | 96.60 | 47,047.00 | 108.20 | 23.23% |
| 18 | 24,405.26 | 101.20 | 47,120.00 | 108.37 | 23.17% |
| 19 | 24,501.86 | 96.60 | 48,152.00 | 110.74 | 23.58% |
| 20 | 24,593.86 | 92.00 | 48,205.00 | 110.86 | 23.52% |
| 21 | 24,689.00 | 95.14 | 50,600.00 | 116.37 | 24.59% |
| 22 | 24,885.46 | 196.46 | 52,601.00 | 120.97 | 25.36% |
| 23 | 25,089.26 | 203.80 | 54,076.00 | 124.36 | 25.86% |
| 24 | 25,080.00 | -9.26 | 55,974.00 | 128.73 | 26.78% |
| 25 | 25,276.00 | 196.00 | 57,895.00 | 133.15 | 27.49% |
| 26 | 25,475.06 | 199.06 | 59,604.00 | 137.08 | 28.08% |
| 27 | 25,672.00 | 196.94 | 60,574.00 | 139.31 | 28.31% |
| 28 | 25,769.26 | 97.26 | 61,709.00 | 141.92 | 28.74% |
| 29 | 25,973.06 | 203.80 | 62,066.00 | 142.74 | 28.68% |
| 30 | 26,164.00 | 190.94 | 62,567.00 | 143.89 | 28.70% |
| 31 | 26,362.00 | 198.00 | 63,036.00 | 144.97 | 28.69% |
| 32 | 26,555.00 | 193.00 | 63,511.00 | 146.06 | 28.70% |
| 33 | 26,756.00 | 201.00 | 64,453.00 | 148.23 | 28.91% |
| 34 | 26,953.66 | 197.66 | 65,141.00 | 149.81 | 29.00% |
| 35 | 27,156.86 | 203.20 | 67,552.00 | 155.36 | 29.85% |
| 36 | 27,348.46 | 195.60 | 70,817.00 | 162.86 | 30.85% |
| 38 | 27,749.66 | 205.60 | 73,408.00 | 168.82 | 31.74% |
| 39 | 27,941.26 | 191.60 | 74,237.00 | 170.73 | 31.88% |
| 40 | 28,138.66 | 197.40 | 74,350.00 | 170.99 | 31.71% |
| 41 | 28,336.00 | 197.34 | 74,399.00 | 171.10 | 31.51% |
| 42 | 28,532.26 | 196.26 | 74,529.90 | 171.40 | 31.35% |
| 43 | 28,729.66 | 197.40 | 74,580.74 | 171.52 | 31.15% |
| 44 | 28,933.46 | 203.80 | 74,763.27 | 171.94 | 31.01% |
| 45 | 29,125.66 | 192.20 | 74,809.52 | 172.05 | 30.82% |
| 46 | 29,328.26 | 202.60 | 74,927.15 | 172.32 | 30.66% |
| 47 | 29,543.66 | 215.40 | 77,128.91 | 177.38 | 31.33% |
| 48 | 29,780.06 | 236.40 | 80,864.88 | 185.97 | 32.58% |
| 49 | 30,011.06 | 231.00 | 81,715.25 | 187.93 | 32.67% |
| 50 | 30,473.06 | 462.00 | 86,169.46 | 198.17 | 33.93% |
| 51 | 30,697.86 | 224.80 | 87,783.66 | 201.88 | 34.32% |
| 52 | 31,002.66 | 304.80 | 94,102.78 | 216.42 | 36.42% |
| 53 | 31,302.66 | 300.00 | 95,582.96 | 219.82 | 36.64% |
| 54 | 31600.26 | 297.6 | 96,680.77 | 222.35 | 36.71% |
| 55 | 32897.36 | 297.10 | 98,853.25 | 227.34 | 37.19% |
| 56 | 32,189.66 | 292.30 | 101,083.01 | 232.47 | 37.68% |
| 57 | 32,507.86 | 318.20 | 101,187.00 | 232.71 | 37.35% |
| 58 | 32,793.06 | 285.20 | 101,309.72 | 232.99 | 37.07% |
| 59 | 33,084.26 | 291.20 | 101,436 | 233.28 | 36.79% |
| 60 | 33,382.46 | 298.20 | 101,628.19 | 233.72 | 36.53% |
Lets get a look at the charts this week
Circulating supply increased by 298 this week which is pretty standard. New EDS tokens are minted through EDS miners and because they are sold out and the mining rewards are set, we will see a slow and steady increase of around 300 tokens per week.
We are increasing by a little bit each week. This weeks HP balance is around 190 more than it was last week. On the chart, 190 HIVE into 101k does not really nudge the candle and its looks flat with last week. In 3-4 months time when we've been sideways and have 12-15 candles to look at, you will see that week to week, you don't see any growth in the above chart but if viewed over 15-20 candles, you'll see the lastest candle is higher than the starting candle there on week 55. I'll see this in 3-4 months time. Growth is built into the EDS model.
The income pool reflects the HP balance and because the HP balance grows each week, so does the HIVE income pool. Pretty neat? The weekly income pool is simply worked out by looking at the EDS powered-up HIVE balance and working out 12% from that and then dividing it by 52.18 to get the weekly amount.
EDS HP balance = 101,309.72
12% = 12,195.3828
Divide by 52.18 weeks = 233.72
Weekly income pool = 233.72 HIVE
Now this chart is not as pretty as the rest but I've spoke about this declining coming for months. Its just a simple reaction to not selling EDS miners anymore and not having tons of HIVE coming in. The APY dropping by around 0.25% per week so you could say around 1% per month. This decline over time will decline so in 1 years time, the decline each week might 0.1%. The happens because our outgoing are a set amount while our incoming grow each week as the HP balance grows.
After alot of time, a flip will happen when the APY stops declining and starts to increase. Once this flip takes place, we are in the land of milk and honey, the APY will only increase forever at that moment. This will be EDS's grail moment.
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
Things are going perfectly and exactly to plan. We all knew the EDS APY would decline a little each week as I've talked about it. Most are understanding and can see the long term vision.
I am still planning to upload a post soon about delegating HIVE to EDS to receive EDS tokens in return. I just wanna get all the numbers right and lay out a masterclass post. It might be a long one, more charts/projections than everything but tons of information for sure. Anyways, im having fun playing with numbers and seeing outcomes, i'll share some soon.
HIVE income payments will go out this evening and have a great week everyone.