EDS income token weekly report - 141

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.

Let's get a look at the charts this week

There were 690 EDS minted this week which is a little higher than normal but not a bad thing. That puts the total circulating supply at 69,321 and this week's mintage is bang on 1% of the total supply. Not a target, just a funny coincidence.

Only 545 HIVE powered this week to the @eddie-earner account. It should be closer to between 650-700 but leo.voter is pissing about someone serious and im very tempted to pull the delegation from it. We received only 2 payouts this week and there mistakes and lack of urgency to fix it is costing EDS literary 100's of HIVE each week. We have 100k HP delegated to leo.voter and this was a goal of mine. I will start to build another large delegation with PWR.

But this leo.voter thing is really pissing me off. I honestly could care less about the actual HIVE or its dollar value, it's wrecking the EDS APY because less HIVE is being powered up. It would ok if they at least back-paid the missed payouts but they dont and you told to open a support ticket that takes them 2 weeks to reply to and at which time, you've maybe missed another 6-10 payouts.

Anyways, we powered up HIVE but it was about 150 less than we should have.

Increased by 1.07 HIVE this week to 290.65 in total. Thats the smallest increase we've had for around 5 months.

The EDS APY was dropping at a nice steady -0.11% but this week it's -0.14%. This is because we powered up less HIVE than normal.

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

To round up. not a great next thanks mainly to only receiving 2 payouts for our 100k delegation this week.

We've come to not expect too much from the LeoFinance team as they always underdeliver on anything. leo.voter has never paid out a full month in its existence but it was always maybe 2-4 missed days for month. This time round, they are taking the piss. They have 3.5M of HP being delegated to them and when they dont pay, they are still taking the income of curation rewards, they dont stop voting. The fact that they cant keep a simple delegate HP for reward bot up and running is plenty of evidence they dont care about their community.

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