EDSvote update #2 | 50k HP Goal SMASHED!

Welcome all to this week's EDSvote update where we look at a range of different things. Please follow the @eddie-earner account to make sure all our reports are going into your feed and you can easily stay updated on your investment.

What is EDSvote?
Eds-vote is an account that people can delegate HIVE POWER to. In return for their delegation, they will receive EDS tokens each Monday.

The delegated HP will be used to curate content on HIVE and provide small upvotes for those that hold over 100 EDS tokens. Delegating HIVE POWER to @eds-vote will not result in an upvote. This is not a delegation to upvote service. It is a way to distribute the remaining reallocated EDS into circulation.

What are EDS tokens?
EDS tokens are HIVE income tokens that are pegged and backed to 1 HIVE each. They pay out weekly dividends every Monday based on 12% of the total powered-up HIVE balance of the @eddie-earner account. This is currently paying out an APY to token holders of roughly 35%.

How does it work?

For full details, please see How EDSvote works and How EDSvote affects the EDS APY long over the next 25 years

Report #2

It has been a good second week, delegations increased by around 5k and we have crossed off the 50k mark which is amazing for a only being 2 weeks old. The curation APY is up from last week as our curation rewards start to catch up with our delegated in HP.

Let's have a look at the numbers in chart form as this is the best way to see performance and predict the future.

We are up around 5k in delegations from last week, this should help to boast curation by around 10% which is fantastic. Next target will be 100k HP but the get there i need to fine-tune our curating to get the next possible APY we can.

Big jump this week but still only just over 5%. The curation APY % will take a while before it stabilizes. Right now with 50k HP delegated in, a new 5k delegation would have a huge effect on the APY but a new 5k delegation in 150k would have less impact if that makes sense.

For the coming weeks, i think we'll see this APY slowly increase to our target of 8-10%. EDSvote is still a baby and finding it place.

A massive increase in curation rewards from last week and im hoping next week will be better again and closer to 60 HIVE. Ideally for having a 50k HP balance, we should be aiming to make around 75 HIVE per week from curation. Thats my number. Of course as more HP is delegated to EDS, this number increases.

We minted and issued just over 26 EDS tokens this week. This is 50% of curation rewards. The more EDS token can issue through EDSvote the better. I have not heard any bad feedback about people not receiving their EDSvote rewards so im guessing the bot is working perfectly.

Round-Up

Not a bad week, we've seen the first rush of delegators come and go. We got the 50k delegated in easily, I think the next 50k delegated in will be harder to get but that's why im doing these reports. I want them to go out everyweek and everyweek, people will see these reports and maybe decide to delegate some HP to @eds-vote for EDS rewards.

The EDSvote APY is not the best but to be honest, it's undersold. The 4-5% APY as advertised is based on EDS tokens being priced at 1 HIVE each but you can't buy EDS for 1 HIVE and I have seen them trading for over 1.50 HIVE each. At 1.50, your APY jumps from 4% to 6%.

The main target is still to have 150k HP delegated in and we'll get there. EDS is a solid project, we can see decades out into the future and predict with decent accuracy. How EDSvote affects the EDS APY long over the next 25 years We can do this because EDS is 100% HIVE and there's nothing to counterbalance it. We know what we can earn from HP be that through leasing, curating content or HP inflation.

I know 100% the more HP that's delegated to @eds-vote, the quicker EDS reaches its end goal. The difference between 50k being delegated in and 200k is massive and gets us to an ever-increasing EDS APY forever, years and years earlier. You can see for yourself by clicking the link above for the next 25 years.

How has delegating to leo.voter worked out for you? Your earning 10-12% yes but the price of LEO is down how much in the past 2 years? 1 year ago, LEO was trading for 0.24 HIVE and today it's trading at 0.08 HIVE. EDS was trading for 1 HIVE last year and is trading at over peg today but in 2,5,10 and 30 years' time, EDS will still be trading at 1 HIVE each.

There's no dilution with EDS tokens because they are backed and pegged to 1 HIVE.

Thank you for taking the time to read through this
If you have any questions are would like to leave some feedback, please do so below and I'll get back to you at some point soon.