EDS income token weekly report - 138

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%
136	65,959.93	688.10	123,323.45	283.62	22.44%
137	66,600.17	640.24	124,017.69	285.22	22.35%
138	67,263.14	662.97	124,684.88	286.75	22.24%
Week	Eds Circulating	EDS minted	HIVE POWER	Income pool	EDS APY

Let's get a look at the charts this week

We minted 662 EDS this week and you can see in the above weekly chart that we have minted close to 20k EDS since the start of the year almost 9 months ago. At this current rate, EDS's inflation for this year will be around 80%. This does not sound good but not all inflation is bad. If fiat were still backed by gold, fiat currency inflation would be good because it would be growth but its not so we associate the word "inflation" with losing value.

Each EDS is backed with 1 HIVE when minted so EDS inflation does take value away from existing EDS tokens. 80% this year might be 40% next year, 25% the year after that until all 500k are minted and it becomes 0%. Shit, we could even redirect some income buybacks and burn to become deflationary. With 17ish years left on EDS miners rewards, we'll cross that bridge then. lol.

There were around 650 HIVE powered up this week which is good, it would have been closer to 700 if leo.voter had not missed a payout. The advertised 12% is closer to 10.5% when you factor in all the missed payments. Sadly, LEO tokens are pretty much the only HE token that has some liquidity.

You can see in the above total chart the curve in the last 25% of the chart is starting to increase higher and higher. This is the power of pumping incomes into capital. I'm not saying this will last forever because eds-vote will not last forever but for the next few years at least, I'd expect growth to continue as is.

Nice increase of 1.5 HIVE, we'll soon be at 300 weeks.

The EDS APY dropped this week by -0.11%. I was hoping for it to be -0.1% and it would have been if we got that 7th day earnings from leo.voter but whatever, it happens I guess.

As said last week, I will be able to start a new higher powerdown from eds-vote soon for 50 HIVE a week more and this will help to trim 0.01% off the decline.

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

Killed it! Shame HIVE was not doing the same, lol

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

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