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% |
| 131 | 62,604.81 | 288.57 | 120,122.91 | 276.26 | 23.08% |
| 132 | 63,234.91 | 630.10 | 120,603.30 | 277.36 | 22.89% |
| 133 | 63,907.58 | 672.67 | 121,284.26 | 278.93 | 22.77% |
| Week | Eds Circulating | EDS minted | HIVE POWER | Income pool | EDS APY |
Let's get a look at the charts this week
The total EDS in circulation is 63,907.58, up 672.67 from last week. We have been minting around 600 per week for a few months now and to be honest, it still freaks me out a little because we were minting 300-350 per week for so long and im not used to minting 600+ per week.
Im glad but at the same time, It feels like alot. 672 EDS this week is equal to a little over 1% of the circulating supply giving EDS a token supply inflation of over 50% per year. That's what freaks me out but then I look and see how many HIVE @eddie-earner powers up every week and remember, token inflation will decrease each year, im good. In theory, the faster we mint EDS the better it is for us long term
The HIVE POWER balance grew by 692.84 this week. Ohh yes, the 500 HIVE per week power-downs from @eds-vote have started and we should get used to powering up 600-700 HIVE per week from now on.
If you remember 1 thing from this report, make it this Look at the EDS mintage number (672) and then look at how many HIVE @eddie-earner powered up (692) and notice @eddie-earner powered up 20 more HIVE than it had to use to back newly minted EDS tokens. This gives us a 20 HIVE profit on paper, the first profit since the first EDSM token was released.
This is a very important milestone. Infact this is the last milestone we had to achieve because the next goal/target is our end goal of the EDS APY flip. It will take a long time but we are 100% headed in the right direction and it's happening faster thanks to the amazing support investors have shown for @eds-vote and @eds-d.
Remember EDS is hardcapped to 500k and if we are minting 650 a week with 65k already in circulation, rewards for @eds-vote and @eds-d will not last forever.
Best week ever! with an increase of 1.57 HIVE bringing the income pool to 278.93. EDS as a project is around 4 years old and only 4-5 weeks ago I was boasting about HIVE income growth of 1 HIVE per week after 4 years and here we are today with a growth of 1.57, over 50% more than I was bragging about last month. It's a crazy ole world. At this rate, the income pool will hit 300 HIVE in 14 weeks.
No change here sadly, the EDS APY dropped -0.12% to 22.77%. On paper, we are powering up more HIVE than using to mint EDS so the decline should accelerate some. I feel this should be closer to a -0.1% decline based on the fact we are powering up an extra 200 HIVE but it might take a few weeks to trickle down. We'll have to wait and see what happens next week.
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
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