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 payout weekly dividends every Monday based on 12% of the total powered up balance of the eddie-earner account. This is currently paying out an APY to tokens holders of over 23%.
- EDS are pegged to 1 HIVE per token
- 12% of over 40,000 HIVE POWER pays out (40000*12/52.18) 91.89 per week
- 20,800 EDS in circulation each yield (91.89/20800) 0.0044 HIVE per week
- 0.0044 each week for 1 year equals 0.23 HIVE
- 1 EDS pays out a HIVE income of roughly 23%
EDS tokens launched with a hardcap of 500,000 and public sale 20,000 tokens each issued for 1 HIVE each. The only way to mint new EDS tokens is by owning and staking EDS miners (EDSM) tokens. These cost 10 HIVE each and yield a 20% minimum ROI per year. There are only a few hundred left for sale and then we release a new miner that will push EDS APY to 35% plus.
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.
We're so close to hitting 100 HIVE paid out every week. The HIVE income pool increases a little each week so once we get over 100 HIVE, there's no going back.
No miners sold this week, still 450ish for sell here so the HIVE power balance has increased by the minimum and we see the APY drop by 0.0005%, a 20th of 1 per cent.
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 that's 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 first is buying some EDSM tokens. These will always produce a min APY of 20%.
https://hive-engine.com/?p=market&t=EDSM
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.
https://hive-engine.com/?p=market&t=EDS
Weekly Roundup
It's been a pretty standard week. I seen a few questions last week from people asking if no miners are sold, does the APY drop by a tiny bit each week. Short yes is, if no miners are ever sold again, the APY will drop a tiny bit every week for 2-3 years until it hits around 17% and then it reverses to start and increase again. It's an income model im pretty proud of. I ran simulations for issuing different amounts of miners and decided on 2500. Here are the estimations I projected for year 1 based on having all 2500 miners sold from before EDSM tokens were created. With 500 more to sell to people looking 2 mine EDS HIVE income tokens, we can see the EDS APY can still increase to 28%.
The 19% is the mimumum return i except to get and the 12% is the weekly HIVE income pool, this number is the EDS HIVE power balance * 12 and / 52.18 (weeks in a year), that's it. The APY for year 1 is 26.1% if all 2500 miners were issued.
Looking further down the line, we switch over from weeks to years. It will take 10 years to drop from 24% to 16% and then APY will reverse and increase indefinitely.
The genius is the model is as it scales to grow, i ran hundreds of simulations. If Eddie earner were to create another miner that was much lower priced and we aimed to raise to the same HIVE overall, the EDS APY continues to increase. Here is a sample of what sort of APY EDS could get when we sell out of the current miner and launch another one. This is why im always pushing to sell these miners because I know the potential of EDS as a HIVE income token and i know for a fact i could count on 1 hand the users that really understand this potential. If Eddie Earner could issue 100k HIVE worth of miners, EDS could be producing HIVE incomes of 70%+ easy. Albit, they would slowly drop for 10 years before reversing to increase again bit the decrease is 1/20th of a percent a week so it's far from a rug pull and actually very sustainable long term.
Same again, we start out weekly for 1 year so you can see the process and then switch to up to years.
The dip is harder but overall the income paid out to EDS holders is greater as it takes 10 years to drop from 31% to 14% before it flips and start to increase.
@eddie-earner is operated and it's wallets/funds are backed by SPinvest
