EDSvote update #14 | 10 weeks of straight growth

Welcome all to this week's EDSvote update where we look at a range of different things. Please follow the Hive account@eddie-earner account to make sure all our reports are going into your feed and you can easily stay updated on your investment.

What is EDSvote?
Eds-vote is an account that people can delegate HIVE POWER to. In return for their delegation, they will receive EDS tokens each Monday.

The delegated HP will be used to curate content on HIVE and provide small upvotes for those that hold over 100 EDS tokens. Delegating HIVE POWER to Hive account@eds-vote will not result in an upvote. This is not a delegation to upvote service. It is a way to distribute the remaining reallocated EDS into circulation.

What are EDS tokens?
EDS tokens are HIVE income tokens that are pegged and backed to 1 HIVE each. They pay out weekly dividends every Monday based on 12% of the total powered-up HIVE balance of the Hive account@eddie-earner account. This is currently paying out an APY to token holders of roughly 35%.

How does it work?

For full details, please see How EDSvote works and How EDSvote affects the EDS APY long over the next 25 years

Report #14

Let's have a look at the numbers in chart form as this is the best way to see performance and predict the future.

Still growing each week by around 1k HP. We have a nice multi-month upward trend going on. At the time of writing, it's already 1k HP more than reported at 66,800. Im telling you, you can talk stuff into happening. 100k HP, here we come!! At the current rate, t-minus 33 weeks.

There was a small increase this week and it's still over the target of 8% so things are going well. I have evened out VP usage some so earning just over 8% is our benchmark. Higher would be nice but this is where is need to be at min.

2nd highest week to date. What happens to curations rewards? Currently, eds-vote is powering down 50 HIVE per week and transferring it to EDS to be powered up there. Going forward, this will help massively to EDS's growth and shorten the time in which the EDS APY declines and flips to increase. I target 100 HIVE per week for the next powerdown to happen in 8-9 weeks from now.

52 EDS minted and issued this week, not too bad and over 50 which is nice. Im thinking it will be a long time before we are minting 100 per week but it'll happen. We're minting around 2600 a year

Round Up

Another great week for EDSvote, smashing it as always and getting close to having 70k HP delegated in. Have a great week folks and i'll be back with another report next week.

Thank you for taking the time to read through this
If you have any questions are would like to leave some feedback, please do so below and I'll get back to you at some point soon.