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 
It's been a great week. Last week I discounted EDS miners by 20% for a 3-day sale in an effort to issue some. 80-90 were sold and we were able to buy back 46 EDS to burn and power up over 600 HIVE. This has helped to increase the EDS increase back up to over 22%. We no miners are issued, the APY for EDS drops a tiny little bit every week and when we issue miners, the APY increase's very fast. If the rest of the miners were issued, I'd estimate the APY for EDS tokens would increase to 30%. I dont know about you, I dont know of any other token that pays out a 30% HIVE APY, directly in HIVE. Even 22% is very good.
You can see below in the 12% HIVE income pool comlum that week on week it increase a little bit but because we issued miners this week and powered up some HIVE, the income pool increase much more. The Income pool is equal to 12% of the HIVE power balance.
More HIVE POWER = Higher income pool = Higher EDS (pay) HIVE income
Weekly APY, Income pool, HIVE POWER and EDS circulation charting
It's nice to this the above chart going the other way. I understand the demand for EDS miners is not there but I really would prefer to issue the last few hundred instead of having to burn them. After these current miners are all issued, we'll release a new miner that costs 1 HIVE is less as people seem to like things when they are priced low even if the APY is exactly the same.
This pool increase every week because the HIVE power balance only increases, when we issue a few miners, it increases faster.
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
