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 payout weekly dividends every Monday based on 12% of the total powered up balance of the eddie-earner account. This is currently paying out an APY to tokens holders of over 23%.
- EDS are pegged to 1 HIVE per token
- 12% of over 40,000 HIVE POWER pays out (40000*12/52.18) 91.89 per week
- 20,800 EDS in circulation each yield (91.89/20800) 0.0044 HIVE per week
- 0.0044 each week for 1 year equals 0.23 HIVE
- 1 EDS pays out a HIVE income of roughly 23%
EDS tokens launched with a hardcap of 500,000 and public sale 20,000 tokens each issued for 1 HIVE each. The only way to mint new EDS tokens is by owning and staking EDS miners (EDSM) tokens. These cost 10 HIVE each and yield a 20% minimum ROI per year. There are only a few hundred left for sale and then we release a new miner that will push EDS APY to 35% plus.
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 last week payments were missed due to an error on my part. Double payments will be sent out this week to make sure everything is straight.
This account is cruising along, it would be nice to sell the remaining of the EDSM miner tokens but I guess everyone that is gonna buy-in has bought in already so might consider burning 500 and leave the remaining 150ish up for sale. Burning some means I'd need to change the miner setting and because it's on hive-engine, im 90% sure there's a 200 BEE fee attached.
Weekly HIVE dividend payout chart
The chart below shows how much HIVE has been paid out each week from launch. You can see it only goes way based on our token model.
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 that's 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 first is buying some EDSM tokens. These will always produce a min APY of 20%.
https://hive-engine.com/?p=market&t=EDSM
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.
https://hive-engine.com/?p=market&t=EDS
Weekly Roundup
It's been a good few weeks for HIVE and as we move further into the bullrun, please note that the HIVE payments from EDS will not drop as the price of HIVE increases. You will see most other income tokens are fund tokens that pay tokens have a decline in payment amounts because most of their investments are not valued in HIVE. UTOPIS produces its div's from ETH so if HIVE outperforms ETH, you receive less HIVE everyweek. Bro is heavy invested in Splinterlands but its value in dollars so when the price of HIVE spikes, SPS rewards sell for less HIVE. EDS income payments or 100% based in HIVE, we receive LEO as rewards from leo.voters but these rewards are equal to 16% if converted at the time of receiving into HIVE. I do it weekly and over time, it evens out. The point is if HIVE moons to $3-5, you can expect your EDS to remain are continue to grow as they have been doing, not saying everything bad about UTOPIS or BRO, just highlighting an EDS USP and using them as examples as they are well known.
We'll keep doing what we are doing and continuing to grow. Thank you for taking the time, SMASH the UPVOTE button if you liked this report and have a great day.
@eddie-earner is operated and it's wallets/funds are backed by SPinvest
