EDS income token weekly report - 148

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%
140	68,630.93	686.46	125,916.99	289.58	22.02%
145	71,916.73	569.41	129,029.41	296.74	21.53%
146	72,506.59	589.86	129,591.03	298.03	21.45%
147	73,237.46	730.87	130,264.14	299.58	21.34%
148	73,864.78	627.32	130,990.09	301.25	21.28%
Week	Eds Circulating	EDS minted	HIVE POWER	Income pool	EDS APY

Let's get a look at the charts this week

Back to a normal mintage of 627 EDS this week putting the circulating amount at 73,864.78. We still have a long way to go before we have 500k out there. Based on current mintage numbers, it would take 13 years so we have lots of time I guess. lol.

It was a pretty good week with 760 HIVE being powered up to the account. Notice this is more than the amount of EDS minted meaning it was a net positive week for EDS. Its all very very good when we power up more HIVE than we mint EDS tokens. Total balance is 131k.

The EDS income pool is finally over 300 HIVE per week and now we look forward to hitting 350 HIVE a week next. We'll need a 152,191 HP balance for a weekly pool of 350 HIVE.

The EDS APY dropped by only -0.06% this week which is almost nothing. It would take 16 weeks for the APY to drop by 1%. If we can keep up having weeks were we power up more HIVE than we mint EDS, we'll get to the EDS flip alot sooner.

Until then, 21.28% ROI each year is pretty decent.

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

Smashed it this week, everything worked pretty and its looking like swapping over the curation rewards from leo.voter is working out nicely. The return might be a little lower but its consistent.

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