Hello EDSers, today i give an update on our new HBD backed EDSD token and we'll start the proper weekly report for this token from next Tuesday. Today, im in a little bit of a hurry but i have charts (empty charts) and we've done the first EDS distribution already so just a few updates really.
So Far...
It's been going pretty good. We sold over 3000 tokens so far which is a great start and because we're using a 500 HBD float provided for by eddie-earner, we can start to issue weekly rewards right away. 12 payments per year is not Eddie's style, weekly rewards of EDS that grow your weekly HIVE income each week sounds more like Eddie's style.
Investors' Path Start to Finish
- Send any amount of HBD to @eds-d
or - Set up a HBD recurring payment to @eds-d (for Saturday Savers 🤑)
- Receive EDSD in your hive-engine wallet a few moments later
- Hold EDSD to receive weekly EDS rewards each Monday
To exit
- Request cash out in the weekly EDSD post
- Send your EDSD tokens to @eds-d
- Receive your HBD back after 3-4 days
- Pegged and backed to 1 HBD each
- Unlimited mintage
- All buybacks are sent to @null
- 3 decimal token
- Earn 50% of HBD interest as EDS tokens each week
- 50% of HBD interest is converted to HIVE and powered up to @eddie-earner
- 100% passive, no actions or staking required
Easily buy in and cash out
Here is the tracking sheet i use this just to show you the numbers. It's all simple stuff. People think operating a project and thinking up tokenomics is hard but thats because people go OTT and add tons of crap they dont need.
We can see we've minted 3301.86 EDS and the same amount is in circulation so no difference this week. We received no HBD interest payment this week and the weekly HBD Pool is 12.66. This is 20% of 3301.86 divided by 52.18 to give us a weekly interest amount. We got 37.82 HIVE for this 12.66 HBD at a conversion rate of 2.99 HIVE per HBD (internal HIVE exchange rates 👎 ). There is 487.34 HBD left in the HBD float.
In charts, it looks like...
Of course, we stay with the EDS charting style. It would be nice if we only see this increase for the next few months but we'll see.
The chart above shows 2 things, the blue line is HBD and the orange line is HIVE. As the price of HIVE increases and decreases, we are sure to see some flips taking place. We can the HBD interest pool this week is around 12.60 HBD and worth 38 HIVE after conversion.
Lastly, a EDSD mintage chart. We gotta have one of these to show our growth, remember each EDSD is the same as 1 HBD, better if you ask me but the higher the mintage amount the better!
18.91 EDS already been minted and shipped out to EDSD token holders so check your wallets.
For EDS
We've just powered up 37.82 HIVE to @eddie-earner. It's not alot but its more than 0 and works out to around 2000 EDS per year. Thats about 4000 HP being added to the @eddie-earner HP balance and we can hope this will grow some as well. I dont think we ever have over 10k EDSD minted but we can hope and shill it as best we can.
EDSD are sold directly through your HIVE wallet by sending HBD to @eds-d. You can automate saving EDSD using recurring payments and grow a nice stack slowly over time. No Hive-Engine deposit or withdrawal fees to pay
Thats about all I have time for this week. We're off to better than I thought start. It's hard to shill an investment that rewards at 50% but it is amazing to see so much support and people who understand long-term it's a good move because you getting EDS which has a hardcap and you're also helping to speed up EDS's growth which long term benefits everyone including you as an EDSD holders.
Have a great week folks, we'll be back not week with a better-structured report and the official week 1 report for EDSD.
