Hello EDSers and welcome to this week's EDSI report
What Are EDSI Tokens?
Eddie Earner Income (EDSI) tokens are income-generating tokens on the HIVE blockchain that pay weekly dividends every Monday. These dividends come from 9% of the total HIVE POWER balance held by the account, providing token holders with an impressive annual percentage yield (APY) of over 13%.
Token Supply and Mining
EDSI has a hard cap of 500,000 tokens, with an initial public sale of 20,000 tokens priced at 1 HIVE each. New EDSI tokens can be minted in two ways:
- EDSM miners yield approximately 20% annually.
- EDS-vote provides returns of about 4-5% per year.
Focused on Growth
The EDSI project converts all earnings, airdrops, and tribe tokens into HIVE, emphasizing maximum HIVE POWER accumulation. Managed by
for SPinvest, this long-term project encourages users to buy, hodl, and grow their EDSI tokens.
How to Grow Your Earnings
- Buy EDSM miners to mint EDSI tokens automatically.
- Reinvest regularly to increase your token holdings and boost your weekly dividends.
- Alternatively, purchase EDSI directly from the market. Place a buy order at 1 HIVE per token and wait for it to be filled—miners often sell their rewards to secure profits.
In summary, EDSI offers a simple, hands-off way to earn passive HIVE income. Buy miners, stake your tokens, and watch your wealth grow over time!
EDSI Updates
It has been a few months since I last did an update for EDSI, so I thought I would take a few minutes to keep everyone in the loop.
Since the last weekly update, I have switched the income pool payout percentage from 12% down to 9% as voted for by token holders around this time last year. This has resulted in more HIVE being powered up to the EDSI main account each week and has put us on a really great path moving forward.
On top of this, both EDS-vote and EDSD have been minting more EDSI and powering up more HIVE than ever. EDS-vote received a few large delegations, which has increased its weekly powerdown from 400 to 500 HIVE per week. EDSD rewards have increased 4-6x since the price of HIVE has declined, as rewards are based on HBD vs HIVE. EDSD is now powering up over 120 HIVE per week to the main account.
EDSI is in a good place right now, and each week, we are powering up more HIVE than minting EDSI tokens. EDSI has been running at a HIVE deficit for the past 3-4 years and using its reserve HP balance to back tokens. Eg, In 1 week, we mint 550 EDSI tokens, earn 800 HIVE and pay out 300 as income payments, leaving us with a deficit of 50 HIVE after backing 550 new tokens. This HIVE was taken from the excess HP balance in the main account. This is how EDSI has run for the past few years.
Some numbers to give you a better idea if how things are going now. These are based on this week.
| -/+ | Running Balance | |
|---|---|---|
| Content | 0 | 0 |
| Inflation | +139.46 | 139.46 |
| Curation | + 264.37 | 403.83 |
| Eds-vote | + 518.14 | 921.97 |
| EDS-D | + 117.66 | 1039.63 |
| Income Payout | - 286.57 | 753.06 |
| EDSI Minted | - 604.12 | 148.94 |
| EDSI Weekly P&L | +148.94 |
This is exactly how we want things to be going. The biggest overhead for EDSI is backing tokens from EDS miners that mint 300 tokens a week. This is a set mintage amount, so it'll never increase until miners stop mining. Our HP balance, on the other hand, continues to grow, making backing these tokens much easier. When we sold out of miners, we had a HP balance of 100k, earning roughly 229 HIVE per week, covering 229 of the 300 tokens minted from mining. Today, the HP balance is 166k and earns 381 HIVE per week, while mintage from miners remains at 300 per week. As more time passes, our HP income continues to grow while mintage remains the same.
Lets look at a few charts.
- EDSI minted this week - 606
- Total EDSI in circulation - 112,530
HIVE powered up this week - 740
Total HP Balance - 166,686
This week HIVE income pool - 287.51
Total paid to date - 58,451
EDSI APY this week - 13.33%
As said above, things are going pretty well at the moment. The price of HIVE has completely 0 impact at all on what we do with EDSI, so our plans have not changed at all, and we'll continue to keep doing what we are doing.
Thanks for taking the time to read the update.
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | SPI | |
| LBI token | LBI | |
| Top XV token | XV | |
| Eddie Earners | EDSI | |
| EDS miners | EDSM | |
| EDS mini miners | EDSMM | |
| EDS-vote | n/a | |
| EDS DOLLAR | EDSD | |
| DAB token | DAB | |
| DBOND token | DBOND | |
| RUG token | RUG |
Stay up to date with investments, and fund stats and find out more about SPinvest in our discord server
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