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 project's weekly saving club content is run by 
Another week has passed and it's been a great one, we were able to issue a few miners and increase the HIVE POWER balance and the weekly HIVE income pool has passed crossed the 100 HIVE mark as teh APY for EDS jumps 0.42% this week. There are only 400ish EDSM tokens left and when they sold out, we'll release a new miner, a cheaper miner to help us distribute more EDS tokens and increase the APY for EDS further to plus 35%.
You can see this week that the circulating EDS supply went down. I bought back 107 from the market and burned them. The weekly HIVE income pool has increased to 101 HIVE and compared to last week, HIVE income payments this week are up because bigger income pool to fewer tokens. When investors buy into EDS long term through buying miners, I am able to buy back tokens from the market and burn them. To date, I've burned 1355.74 EDS which is around 27% of the EDS tokens miners have mined since EDSM miners were released. Not bad considering the income pool increases each week.
It's nice to see the APY increase. It's easy to see the weeks we have increased EDSM tokens, we can see it on week 6 and this current week 8.
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
Been a great week, i've been thinking of how to set up the next miner, mostly it's pricing. Im on fence between 50k miners @ 0.50 HIVE or 25k miners @ 1 HIVE each. The end result will be the same but i think people like more. We could even do 100k miners @ 0.25 HIVE each or 250k miners at @ 0.10 HIVE each, it's all the same. Maybe it's not and the chances of a miner priced at 0.10 has a greater chance to sell at a premium? Im not sure. Anyways, so i've been thinking about the next miner adn how to price it. We need to last 400 issued so i'd be better thinking about how to do that.
HIVE income payments why go out this evening to EDS tokens holders, what better way to start the week than to get some HIVE.
