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% |
| 150 | 75,158.00 | 682.92 | 132,340.94 | 304.36 | 21.13% |
| 151 | 75,814.20 | 656.20 | 133,019.01 | 305.92 | 21.05% |
| 152 | 76,450.02 | 635.82 | 133,652.57 | 307.37 | 20.98% |
| 153 | 77,054.02 | 604.00 | 134,257.93 | 308.77 | 20.91% |
| 154 | 78,688.60 | 1,634.58 | 135,241.56 | 311.03 | 20.62% |
| Week | Eds Circulating | EDS minted | HIVE POWER | Income pool | EDS APY |
Let's get a look at the charts this week
Big EDSI mintage this week because of my last weeks mistake. 1634 EDSI in total were minted. That breaks down to roughly 300 total for both EDS miners, 600 reserved for eds-vote rewards for next week (no payout this week) and the rest to mint tokens to those who bought EDS on teh 17th from my mistake.
Going forward, we should be back to minting 600 per week.
The total amount of HIVE powered up remains unchanged as there was no impact to earnings. 617.13 HIVE this week which seems to be fairly standard for the past few months.
Bigger-than-normal jump in the HIVE income pool this week. Jumped 2.26 HIVE to 311.03 HIVE. I have no idea why and I'd normally dig into transactions to find out but this week, number go up is good enough, let it be.
We landed this week with an APY of 20.62% which I think is still very good all things considered. I knew this week would be down, im more interested to see what will happen next week to be honest.
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
The EDSI HIVE payout will not go out this week
I've not got the bots sorted yet and I'd like to test them to ensure they are working before feeding rewards into them. Introducing 2 new fails safes to ensure this does not happen again. 1st is we've edited rewards bots with min and max limits and 2nd im only to mint in whole numbers going forward.
This week no rewards will go out for EDSI, eds-vote or EDSD. All will be backpaid next week.
I've also been looking at some of the accounts that sold large amounts of EDS and will more than likely blacklist them from @eds-vote votes. These are users who were in contact with me in DM's are post comments and were fully aware of the situation. They are welcome to continue to delegate to earn EDSI 😁 People who are not active on HIVE but have auto-sell orders set up passively will not be affected.
We have introduced 2 new fail-safes but nothing is 100% and if, just if something like this happens again, we can remove 90% of the risk of people selling by removing a few delegators that we know will sell at the expense of everyone else. HANDS UP was my mistake, not trying to move the blame, just explaining
Thanks for checking out this week's report!! I will do my best to get all the bots sorted this coming week and fingers crossed next week, there will be double payments and we'll start the New Year fresh.
PS. Yes im aware all the graphics and charts display EDS. I'll have that all sorted for next week as well. haha. Its all the small things needs doing now.
@eddie-earner, its wallets and tokens are managed and backed by SPinvest
EDS Report Subscribers
@siddhartaz, @dkid14, @noctury, @stickupboys, @ericburgoyne, @shanibeer, @riandeuk, @thatcryptodave, @relict, @curatorcat.pal
Hello @eddie-earner o/ I think the amount of Hive distributed for the EDSi Holders was lower than the last distribution. I've decided to let you know, because maybe it's related to the recent distribution of tokens.
Read the post again, go slow 😀
Thanks @riandeuk. I didn't pay attention just went to ask directly. Sry for the mistake Eddie.
Haha no worries, merry Christmas!
Merry Christmas!
Here is the latest spi-payments x Last Week:
Sorry I haven't read the post slowly. It was answered in it as @riandeuk pointed out. My bad, need to pay more attention :/
😁👍
😀 👍
Hey Eddie 🐈 Adjusted my delegation up to 2512 Hive. 🎁 Merry Christmas, and !BEER
happy days
View or trade
BEER.Hey @eddie-earner, here is a little bit of
BEERfrom @qwerrie for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
BEERKING.Hey @eddie-earner,
LBI would like to sell its small 90 EDSD back to you please.
Will also inbox you @silverstackeruk on discord mate.
Seen your message on discord and started the unstake 2 days back, was supposed to write back to you but got sidetracked
Hello! Just checking because the Hive payments for holding still seem to be borked?
...editing to say, nvm, two more payments popped up as it rights itself. Thank you!
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