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 
Another week has passed and we are cruising this week. So because the EDSM miners have sold out, things are sideways and the EDS APY dropped 1/16th of 1%. The HIVE income pool this week is 110.86 HIVE to be split over 24,593.86 EDS tokens.
You can see that each week from the start of the year, the HIVE POWER balance and HIVE income pool increases each and every week. Granted the number are not increasing fast but they never go down. Remember back when HIVE was trading for $2+ a few months back, EDS's HIVE income pool never dropped in value whereas most other HE investment tokens that pay out dividends saw a sharp decline in the amount of HIVE they were paying out. The dollar value of their dividends is the same but in HIVE, it's less. Because EDS is 100% HIVE POWER, every non HIVE token eddie-earner receives is converted to HIVE and powered up. Even if HIVE were to the moon to $100, the EDS income pool would still increase in HIVE each week.
At the minute, EDSM miner tokens are minting roughly 96 EDS tokens per week. When we release the next miner, we will be targeting to rise 15-25k HIVE. This is increase minting of EDS tokens by 58-96 EDS per week. We raised 25k HIVE with the EDSM miner that has just sold out and this helped to push the EDS APY from 13% up to 23.5% today.
Leveled off this week but we getting close to 50k which is cool. When teh next miners are released, we'll hopefully see a nice jump and we'll see 50k go and go real fast fingers crossed.
Down a little this week, not much but still down. We issued more EDS tokens than we bought in HP. We're up around 1.5% from year start which I think is amazing. The chart is about up and down but when you look and see all the action has taken place between 21.9% and 23.6%, it's actually sorta stable.
Again another week and the income pool increases by a little bit. We are up to just over 110 HIVE which is 15 HIVE more than year start so we are winning. This will continue to increase each week as we continue to add HIVE POWER to the wallet.
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
I have 1 question to ask and get some feedback on.
What price should the next EDS miner be?
a - 0.10 HIVE
b - 0.25 HIVE
C - 0.50 HIVE
d - 1.00 HIVE
FYI, the ROI on all the miners no matter the price is the same and is 20%. If you spend 10 HIVE on miners, you will receive roughly 2 EDS per year. Having cheaper miners will help to distribute mining rewards more evenly by reducing variance.
Everything is going cool, awesome week. Save up some HIVE for next week and be prepared to snap up some new miners' tokens. If you could please drop some feedback on the question above that would be great and help to give me a better idea about how to price it. This will be the last miner so get it right.
