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 22%.
(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 22% 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% |
| 125 | 58,808.16 | 577.37 | 117,399.05 | 269.99 | 23.96% |
| 130 | 62,604.81 | 288.57 | 120,122.91 | 276.26 | 23.02% |
| 135 | 65,271.83 | 693.53 | 122,622.45 | 282.01 | 22.54% |
| 140 | 68,630.93 | 686.46 | 125,916.99 | 289.58 | 22.02% |
| 141 | 69,321.76 | 690.83 | 126,380.82 | 290.65 | 21.88% |
| 142 | 69,997.24 | 675.48 | 127,122.67 | 292.36 | 21.79% |
| Week | Eds Circulating | EDS minted | HIVE POWER | Income pool | EDS APY |
Let's get a look at the charts this week
We minted 675 EDS this week bringing the total circulating supply up to 69,997. EDS inflation has been consistent over the past few months and we're minting a nice amount each week. With still over 430k to issue, we've alot of mintage ahead of us :)
The account powered up 759 HIVE this week which is an oddly large amount. For some reason, there was an extra 100 HIVE in the HE wallet that I cant account for so I powered it up. The total HP balance sits at 127,122.
The HIVE income pool grew by 1.7 HIVE this week which I think is the largest increase ever. At 292.36 HIVE, we'll soon be up to 300 HIVE.
The EDS APY this week dropped by only -0.09% which is great. This is mainly due to there being the extra HIVE in the HE wallet, leo.voter still missed 2 days of payments so we got lucky.
The APY is 21.79% this week. We're soon holding on the 20%+
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
As mentioned, not that happy we're missing out on income because of leo.voter but it is what it is I guess. We currently have 100k delegated to it and it is time to delegate to something else that pays out tokens, PWR is good but its APY is soon dropping so i will need to go looking.
Onwards and upwards always!
Thanks for checking out this week's 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, @thatcryptodave, @relict, @curatorcat.pal