EDS income token weekly report - 117

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.

Let's get a look at the charts this week

Light week for EDS mintage with 408.60 being issued. Last week I did the report late and mintage was high at 462 EDS so we knew this week it would be low. Next week, we will be back to 420-430. With about 11% of EDS issued so far, we still have a ways to go.

A decent week for HP growth, not great, not bad. The balance grew by 354 HP so not a small number but we we're adding closer to 400 the past few weeks. Maybe the result of LEO's price going up and extra income from the leo.voter delegation. I sell 1 time a week so when the price increases, we get more HIVE overall, a better APY on the HP delegation. The same is the other way round when the price goes down.

Just looking back over the past 10-12 weeks, 350 looks to be about average, maybe LEO pumped us for a few weeks. Im still happy with 350 HP growth cause it's building the HIVE income pool nicely.

We have an increase of 0.79 HIVE this week bringing the HIVE income pool to 263.51 HIVE. Can think that someday, the income pool will be more than 1000 HIVE each week? maybe even over 2000 HIVE 🚀. It sounds class until reality kicks your ass and you remember, only 11% of EDS are circulating and in 10-15 years, there'll be 8-9x more!

The APY will still be good but i really look forward to 4 digit income pools, years and years off but something to aim toward.

Good news, the EDS APY declined by -0.11% this week so we're back on par with what we've already been doing. Last week was a little bad but only because i did the report about 12 hours later than normal and more EDS where in circulation.

Anyways, im happy we're but to -0.11%. This will be are 5th week at this level so fingers crossed we can see the decline decline (not a typo) to -0.10% within the next few weeks. After that, we'll be on single numbers and on the home straight to the flipping when the EDS APY stalls at 0% for a couple of months and then starts to increase.

The APY could continue to drip for 3-5 more years but it'll still always be the best HIVE income out there. I dont mean the best I mean the one that pays the highest yield. Ok, I mean the best.🤣 Its funny because im typing EDS is the best HIVE income token while looking at that chart where its more down than up, haha. At least we're consistent 😝

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

Crap, I dont know man. EDS smashed it again. It's just crushing it every week. Thats the beautiful thing about being a single currency token, because EDS is 100% HIVE/HP, we do not have any external holdings that would add violently to teh model and because we're HIVE, we can have consistent incomes that lead to growth.

But that's why EDS never loses, it cant. If you put $100 into a bank account and they pay you interest, you expect your balance to never go down and only increase, right? Same thing with EDS, just replace dollars with HIVE and there to go, cant go down. HIVE can go down the same as the dollar can go down but EDS cant go down the same as your dollars in a savings account. 1 HIVE = 1 HIVE, always.

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

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