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 113,000 HIVE POWER pays out (113,000*12/52.18) 259.86 per week
- EDS in circulation each yield (260/54000) 0.0048 HIVE per week
- 0.0048 each week for 1 year (52.18) equals 0.25 HIVE
- 1 EDS pays out a HIVE income of roughly 25% 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. There are 2 ways to mint new EDS tokens. 1 is by owning and staking either EDS miners (EDSM) are EDS mini miners (EDSMM) tokens and 2 is delegations HIVE POWER to @eds-vote. EDS Miners yield roughly 20% per year and EDS-vote yields around 4-5%.
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. Buy some miners, let them mint you some EDS tokens, build a pile and collect weekly HIVE dividends. In other words, buy 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.
This week's numbers
Here you can see the progress of EDS from Jan 2022 to date.
| Week | Eds Circulating | EDS minted | HIVE POWER | Income pool | EDS APY |
|---|---|---|---|---|---|
| 1 | 23,024.00 | 88.38 | 42,453.00 | 97.63 | 22.13% |
| 5 | 23,406.78 | 96.60 | 42,666.41 | 98.12 | 21.87% |
| 10 | 23,777.86 | 92.00 | 44,567.00 | 102.49 | 22.49% |
| 15 | 24,115.46 | 97.46 | 46,968.00 | 108.02 | 23.37% |
| 20 | 24,593.86 | 92.00 | 48,205.00 | 110.86 | 23.52% |
| 25 | 25,276.00 | 196.00 | 57,895.00 | 133.15 | 27.49% |
| 30 | 26,164.00 | 190.94 | 62,567.00 | 143.89 | 28.70% |
| 35 | 27,156.86 | 203.20 | 67,552.00 | 155.36 | 29.85% |
| 40 | 28,138.66 | 197.40 | 74,350.00 | 170.99 | 31.71% |
| 45 | 29,125.66 | 192.20 | 74,809.52 | 172.05 | 30.82% |
| 50 | 30,473.06 | 462.00 | 86,169.46 | 198.17 | 33.93% |
| 55 | 32897.36 | 297.10 | 98,853.25 | 227.34 | 37.19% |
| 60 | 33,382.46 | 298.20 | 101,628.19 | 233.72 | 36.53% |
| 65 | 34,893.46 | 294.60 | 102,223.83 | 235.09 | 35.16% |
| 70 | 36,469.58 | 319.61 | 102,880.59 | 236.60 | 33.85% |
| 75 | 38,136.80 | 318.28 | 103,552.48 | 238.15 | 32.58% |
| 80 | 39,872.92 | 349.80 | 104,470.72 | 240.26 | 31.44% |
| 85 | 41,665.69 | 379.12 | 105,319.93 | 242.21 | 30.33% |
| 90 | 43,569.61 | 359.68 | 106,530.84 | 245.00 | 29.34% |
| 95 | 45,418.31 | 377.02 | 107,710.30 | 247.71 | 28.46% |
| 100 | 47,471.89 | 405.79 | 109,011.43 | 250.70 | 27.56% |
| 105 | 49,495.27 | 403.14 | 110,351.05 | 253.78 | 26.75% |
| 110 | 51,631.75 | 428.51 | 112,015.90 | 257.61 | 26.03% |
| 115 | 53,758.19 | 423.18 | 113,875.81 | 261.89 | 25.42% |
| 120 | 55,950.65 | 437.50 | 115,655.63 | 265.98 | 24.81% |
| Week | Eds Circulating | EDS minted | HIVE POWER | Income pool | EDS APY |
Let's get a look at the charts this week
The mintage numbers are starting to increase. We've been creating 420ish EDS per week for the past 5-8 months which has been nice and consistent but eds-vote has grown and this week we see a mintage of 459 and next week it'll be over 500. Can you imagine that? When the above chart started, we were minting 96 EDS per week and now we're doing 5 times that. HOT DAM!
A fairly average week with the account powering up 377 HIVE. This is going to take a dip of 20-30 HIVE a week going forward as HP delegations are being moved around. Next week, we'll power up under 300 because of the 5-day cooldown and not earning on 75k HP in that time. This happens and no delegation is forever.
In 2 weeks, we'll be back to normal. We'll less 30ish HIVE a week from HP delegation rewards but in 2 weeks, we'll start a new powerdown from eds-vote for 250 which is a 50 HIVE increase and this cancels out the loss from HP income. And then in 12-13 weeks time, we'll see a big increase from eds-vote to 400 HIVE a week.
Exciting times are ahead of us for sure and we'll add alot of HIVE to the @eddie-earner wallet this year.
The HIVE income pool increased by 0.82 HIVE so fairly standard week. There's not much more to say, it increases every week and after 120 reports, i'd might have ran out of ways to ballon it up, lol.
Right ok, the EDS APY decline this week was -0.12% again. We're going backwards because it was -0.11% only 3 weeks back but because the EDS model is so transparent and simple to understand, it's easy to identify the problem.
The amount of EDS we are minting has increased but HIVE being powered up has not. In the past 2 weeks, delegations going to @eds-vote have doubled from 140k to almost 290k currently. This means eds-vote is minting double the amount of EDS but it's not powering down double the amount of HIVE because it takes 12-13 weeks to build it up first before we can start the powerdown.
We mint EDS weekly and powerdown quarterly. If for example, everyone in 3 months' time undelegated from eds-vote for whatever reason and eds-vote was 100% dead, it would still pay @eddie-earner 400+ HIVE a week for 13 weeks.
To make a long story short, short term over the next 3 months we might see the EDS APY decline speed up but when we start a 400-a-week powerdown from eds-vote, the decline will drop to around -0.09-0.07%. Long term, its all gravy
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 now sold out and can be bought from the hive-engine market 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
You know, it's starting to get boring just kicking ass every week. There's not even a challenge to it anymore.
@eds-vote is going crazy, I dont know what the crap is going on with it and it's got very popular all of a sudden. Every time I check in on it, there's more HP being delegated in. It's up to 288k atm. I guess SPI and 3 other huge delegations are making delegating to get an upvote very appealing to some. It'll be a 300k curation account soon minting out 12k EDS a year, almost as many as EDS miners at 15k a year.
EDS-D still continues to grow, little by little each week and its wallet is sitting with almost 6k HBD in it now which earns a juicy 100 HBD a month in interest. HIVE will be be cheap forever and now is probally the next time to get into these for EDS rewards per EDSD held.
Thanks for checking out this weeks report!! Have a great week!
@eddie-earner, its wallets and tokens are managed and backed by SPinvest
EDS Report Subscribers
@siddhartaz, @dkid14, @noctury, @stickupboys, @ericburgoyne, @shanibeer, @riandeuk, @roleerob, @thatcryptodave