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 we're up. I never thought I would get bored of saying, we're up but I am, haha. HIVE POWER balance is up, the income pool is up and the EDS APY is up as well.
Straight killing it folks, the EDS APY is back up to 28.7%, not an all-time high but pretty much on par which is our highest APY to date. The income pool is getting close to 150 HIVE per week and we're 100% on the right path. Other earning such as content, leasing and curation were up a little bit so it all helps and grows the HIVE POWER balance faster.
193 EDS issued this week, a little bit less than normal because I need to numbers around 6 hours earlier this week than I normally would. At this rate, its going to take roughly 17 weeks to reach 30k EDS in circulation which will be near the end of the year.
Up bu around 500 HIVE this week so i consider this a good week. We've not been selling lots of miners but still selling some. I will push them a little harder this week as I have not been promoting them as much. 75k HP would be our next target to hit, it'll take a few months but we'll get there.
The APY for EDS is still amazing at 28%, there's 100% no other hive-engine token that produces a high HIVE yield like this consistently. I understand there are not alot of EDS in circulation but there are over 470k EDS to be issued and by following the model, this APY should never drop under 18% and that's the worst case and even at that, a drop from 28% down to 18% would take just under 4 years as the APY drops by 1/50th - 1/20th of 1% each week.
EDS is set up perfectly to be as stable as possible. The proof is in the chart above. When we get an influx of new HIVE POWER from issuing EDSMM, the APY increases by 0.5% - 2% and when we dont and only have to bear minimum HIVE POWER earning from leasing and content, the APY drops by 1/20th of a 1%. If your think the APY's will drop when all EDSMM is issued, you are correct but again it'll be a small fraction of a single per cent and by the time all EDSMM are issued, I'd hope the APY is over 30%.
When i launch the next way to issue EDS into circulation and we start collecting HIVE again, the APY will increase once more and surpass 35% for sure. It's all part of the long game. The speed we play depends on how fast we can issue new miners/ways to issue EDS.
Nothing much to say here, the HIVE income pool is up,...again. We're getting closer to 150 HIVE which is a nice milestone to hit considering we started the year at under 100 HIVE.
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
| EDSMM Issued | EDSMM APY | EDSMM Issued | EDSMM APY |
|---|---|---|---|
| 0 | n/a | 13,000 | 38% |
| 500 | 1k % | 13,500 | 37% |
| 1000 | 501% | 14,000 | 36% |
| 1500 | 334% | 14,500 | 35% |
| 2000 | 250% | 15,000 | 33% |
| 2500 | 200% | 15,500 | 32% |
| 3000 | 167% | 16,000 | 31% |
| 3500 | 143% | 16,500 | 30% |
| 4000 | 125% | 17,000 | 29% |
| 4500 | 111% | 17,500 | 29% |
| 5000 | 100% | 18,000 | 28% |
| 5500 | 91% | 18,500 | 27% |
| 6000 | 83% | 19,000 | 26% |
| 6500 | 77% | 19,500 | 26% |
| 7000 | 72% | 20,000 | 25% |
| 7500 | 67% | 20,500 | 24% |
| 8000 | 63% | 21,000 | 24% |
| 8500 | 59% | 21,500 | 23% |
| 9000 | 56% | 22,000 | 23% |
| 9500 | 53% | 22,500 | 22% |
| 10,000 | 50% | 23,000 | 22% |
| 10,500 | 48% | 23,500 | 21% |
| 11,000 | 46% | 24,000 | 21% |
| 11,500 | 44% | 24,500 | 20% |
| 12,000 | 42% | 25,000 | 20% |
| 12,500 | 40% | - | - |
Weekly Roundup
You can see from above that the EDSMM miner token is about 3/5's sold out with roughly 10k left for sale at 1 HIVE each.
Everything is going as it should be and im very happy with how EDS is performing. I'd predict the EDS as a project will have a lot of success in the future and make alot of money for its token holders. After EDSMM are sold out, I'll have to introduce a new way to create EDS tokens. There are currently over 200k EDS that can are not reserved and can be minted. If we can gamify their mintage in the same way we have been doing with miners tokens, we add another layer to EDS and of course, bring in lots of new HIVE to power up. By the time all EDS are reserved for future rewards, the HIVE POWER balance of the EDS should be 120k+ and EDS APY 100% north of 35%. EDS is a sleeping giant for sure.
Going further out, after all, EDSs are reserved and we have nothing to sell to bring in new HIVE. We are done, pretty much finished with manual growth. When this time comes in 2-3 years from now, we will be on the last level of the game with growth being passive.
EDS tokens will continue to be minted into circulation for 20+ years, the APY will drop by 1/20th of a percent each week for the 3-4 years and then the flipping takes place where the APY starts to increase. A flip takes place because any EDS mintage rewards will be a fixed number while HIVE POWER and content earnings can grow each week. After so much time has passed, the amount of HIVE earned each week from the account will overtake the amount of EDS tokens being minted and the APY will start to increase. Once this flip takes place, we're set for life. The weekly reports will still come and the HIVE income payments will last forever and we'll all live happily ever after with our HIVE incomes.
Thanks for checking out this week's report, I know it's the same thing week in and week out but it's important to check a log on the blockchain as a sort of proof of work. HIVE income payments will go out this evening as always, have a great week everyone.
@eddie-earner is operated and its wallets/funds are backed by SPinvest
