EDS income token weekly report - 52 | EDS payments are now 36% paid directly in HIVE
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 53,000 HIVE POWER pays out (53000*12/52.18) 121.88 per week
- 24,900 EDS in circulation each yield (121.88/24900) 0.0048 HIVE per week
- 0.0048 each week for 1 year (52.18) equals 0.255 HIVE
- 1 EDS pays out a HIVE income of roughly 25.5% 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. The only way to mint new EDS tokens is by owning and staking either EDS miners (EDSM) are EDS mini miners (EDSMM) tokens. These miners when full issued and staked will yield a 20% minimum ROI per year.
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.
Another week has passed and (excuse my french) HOLY FUCK!!! what an amazing week it has been. People really really like these EDSMM tokens that mint EDS. I wish i had started with the 1 HIVE miner instead of the 10 HIVE miner, haha.
Well, everything has exploded this week. I cant even hardly believe it still. Below is EDS's numbers for the past year.
Go and grab a pair of underwear cause your about to crap yourself when you see how amazing a simple project like EDS can grow and yield over the course of 52 weeks.
Pretty sweet looking numbers. Look at the EDS APY!!! 36.42% Listen, you guys that read these weekly reports know i know my stuff with its comes to EDS tokenomics and im able to predict weeks and sometimes months out what the APY will be at those times. With that said, i would be bet last week that the EDS APY would have remained under 35% but god damn, we sold 6500 EDSMM and powered the lot up, every last HIVE.
I'll go into more detail on the important ones below.
This week we minted 304 EDS, i think i did the report early last week as miners should mint 288 EDS in a perfect 168-hour week. We are starting to heat up and we are up to minted 15,027 EDS per year now. This time next year, there will be close to 45,000 EDS in circulation. Oh, don't worry about your INCOME payments, remember, the income pool increases every week, as you can see below.
Its still early days for EDS, there are 500,000 in total to be minted over the span of the next 20 years. Growth is slow and steady so, and so is minting EDS tokens to ensure we remain sustainable long term.
We are smashing it! Because we sold 6500 EDSMM tokens, we were able to power up 6500 HIVE. I think the remaining 6000 EDSMM will get us to 100,000 HIVE POWER but only just. We started the year with 42,453 HP and we ended it with 94,102 HP.
Being honest, this rapid growth and good times we're having is down to EDS selling miner tokens and things for most of 2023 will be sideways with a slow decline. Worst case, i see EDS back to 20-21% this time next year. We have raised about 50,000 HIVE from issuing miners and this is were most growth has come from.
The amount the account made after weekly income payments are paid is about 3000 HP. Now this year, we're starting with close to 100,000 HP and the inflation we'll receive alone is over 3000 HP. This year is already going to be much better.
I had to double-check this to make sure it was actually up to 216 HIVE. Last week the income pool was 201 HIVE so jumping 15 HIVE is massive and it's never happened before. I know we sold alot of miners so I started to think that we had 87,000 HP last week and then I powered up 6,500 HP this week which is about a 6-8% increase. 15 into 200 is 7.5% so all adds up.
I remember writing writing way through the year jokingly that we might finish the year with 200 HIVE income pools and we end it with the pool up to 216 HIVE. What better could we ask for?
Next stop, 100,000 HIVE POWER 🚂
Saved the best to last as i do each week. The EDS APY has MOONED and it's out of control! You guys buying up all these miners have broken my model and pushed the APY to 36.42%. That is truly remarkable. I would have never guessed, i know its good but it scares me a little as well. EDS is solid as a rock but still...36% paid out in HIVE is crazy. I wish i bought more for myself before the 20k softcap sold out, lol.
What a way to end the year? We started the year at 22% and finish on 36%. I predict we dont see the same growth for 2023, i expect an ultra slow decline from the time to last EDSMM token is sold, like 0.3% per week for most of the year.
If the very last of the EDSMM sell out this week, we will see another increase in the APY and that would be the peak. I still cant believe its up to 36%, im amazed😮
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.
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 still available to buy at the cost of 1 HIVE per mini miner by clicking here
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
Its been a great year folks. I dont think I'll split the years and just continue on from where we are with charts and things. In 5 years' time, we will have some amazing-looking charts and evidence the model is perfect for long-term growth if stuck to.
We will sell out of the last of these EDSMM within the next month for sure and then that will be it for a while I'll let things run on auto for a while and see how things go.
Of the 500,000 EDS that can be minted, 280,000 are allocated to EDS miners and around 190,000 have not been allocated yet so EDS will release one more token that will mint EDS tokens to the holders but first I would like to try something with HBD. Model tokenomics are easy to sort out, the main problem and reason this might not work are that I cant issue tokens for swap.HBD. Anyways, were there is a will, there is a way. Would you like an HBD version of EDS? I bet if it was paying out a 35-30% APY weekly in HBD, you'd fooking love it.
Anyways, there are a few problems with that idea, mainly being able to issue and provide liquidity in HBD or swap.HBD. I will think of something and when all else fails, pay a coder. haha.
Its been a fantastic 2022 for EDS
Thank you to everyone that follows the @eddie-earner account, holds EDS tokens are invested into EDS miners this year. Thank you for all the kind words and comments received over the past year and lastly, thanks for trusting me with your $ for another year!!
make keep EDS the best HIVE income token on HIVE for another year!
@eddie-earner is operated and its wallets/funds are backed by SPinvest
Well done partner :)
What happens with the EDSMM when all the 280,000 EDS have been mined?
Do they then have no use case anymore?
This will be in 20 years time so i'd assume any plans i make today for that will change every couple of years as its gets closer. My best assumption is EDS creates a 2nd EDS pegged to a different value of HIVE and miners go from minting EDS to minting EDSv2
As you said @eddie-earner : we should always plan on the long term :D
I asked the same question a few weeks ago too haha
I tho eddie would go crazy, print 200k EDSMM and we ran out of EDS in 5 years lol
We are fine for 20 years atleast ^^
we are doing great buying all these new EDSMM :D
I don't know what i'll buy when they ran out :((
keep it up
i'd buy the HBD version, but i guess it's hard to beat the 20% earnings already
Things are looking good! They are going to be sold out before we know it at this rate.
You must be killin' it out here!
@dbooster just slapped you with 1.000 PIMP, @eddie-earner.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/2 possible people today.
Read about some PIMP Shit or Look for the PIMP District
Ooft - 36% is awesome - fantastic work !!!!!
I can't believe that you are planning for the next 20 years, this is a first that I see in any crypto space and it gives me a lot of hope. I'm slowly falling in love with Eddie! 🙃
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