EDS HIVE income token weekly report - 31 | 28% APY
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. By some miners, let them mint you some EDS tokens, build a pile and collect weekly HIVE dividends. In other words, bu 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 yep! I can confirm that we're still killing it. Things are going perfectly and exactly to plan (famous last words)
We're getting closer to that 150+ HIVE weekly paydays. It's been an amazing year so far going from 97 HIVE per week to this weeks 144.97 with 31 weeks behind us. Ohhh, nooooo... The EDS APY has dropped some! Sorry folks but this weeks HIVE income payments is 0.01% (1/100th of 1%) less than last week. Bummer😢
Good news is that HIVE is down about 20-25% from where it was this time last week so EDS's APY dropping 1/100th of a percent ain't so bad in the bigger picture. Baa-hahaha. That 45% moon HIVE did last week was a madness.
Anyways, earnings are good, this weeks income is the same as last week's and we're enjoying earning more from the HP balance since switching over to a different lease. Oh, we also got the SPK drop tokens so i sold these and powered up the proceeds
The accounts HIVE POWER balance is up around 500 from last week so successful week. The total increase from week 1 is 20,583 HIVE POWER, roughly 50%. It's crazy to see EDS having a 63k HP balance with only 26k tokens being issued. There are 250k reserved for miners and still 230k to play with and find fun ways to issue/mint and of course, increase the HIVE POWER balance and EDS APY.
The APY is holding steady at 28.7% (rounded up, haha), it's going to be really hard to drop under 25% for the next at least 12 months based on the amount of HIVE i can power up after the income payment is paid each week. It's not a crazy high number but higher than projected. Projections were to earn 18% of the HIVE POWER balance each year but we're doing more than that because of content and airdrops and tribe token stuff.
HIVE income pool this week is up just over 1 HIVE so nothing really new there. This goes every week by design so EDS token holders are always receiving a stable to increasing HIVE payment each week with mining rewards (EDS) factored in. Some weeks you might receive a smaller amount but it should be an amount that is under 1% less. The payment can increase by more if lots of miner tokens are issued and we get a boast to the HP balance.
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
|EDSMM Issued||EDSMM APY||EDSMM Issued||EDSMM APY|
Pretty good week as always. You can see from above that there are currently 14,500 EDSMM token issued which are currently earning a 35% APY. 10,500 are left for sale. If the demand is there, i can always release another 10k. This would give current EDSMM token holders a boast in APY from 20% when sold out as the total mining reward pool would need to increase by 40% and anyone already holding EDSMM tokens would gain from this and get a boost in APY to 28% instantly until the 10k extra miner tokens are issued and everyone's back to 20%. Just thinking out loud really.
Anything is going great, Income payments will be shipped out this evening and have a great week everyone.
@eddie-earner is operated and it's wallets/funds are backed by SPinvest