EDS income token weekly report - #41

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.

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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. We will release a new miner when these current ones sell out. The next miner token will be a mini miner costing 0.5 HIVE each and should push the 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 @shanibeer and wallet by @silverstackeruk both on behalf of SPinvest. This is a long term project and should be viewed as a token to stack up and HODL. By some miners, let them mint you some EDS tokens, build a pile and collect weekly HIVE dividends. In other words, bu some EDSM miners and forget about it. Add a few every week/month and watch your EDS pile grow. You can also buy EDS directly from the market, if you add a buy order for any amount at 1 HIVE each, it'll get filled. It might take a few days but it'll get filled as some miners like to sell their mining rewards right away to lock in them profits.

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Another week has passed and everything is running smoothly. EDSM token sales have slowed way down. There are still around 650 for sale, im thinking when that number drops to 250 and it's 90% sold out, we can release the new mini miner. These mini EDSM tokens will cost 0.50 HIVE each.

We've gone over 21,000 EDS tokens in circulation for the 1st time which is ok considering the soft cap was 20,000 and miners have mined 2,340 EDS. That means we've bought back and burned more than half of the mined tokens from they launched. I fact, that is better than ok, that's pretty damn amazing. The EDS APY is up to 23.39%, almost double what we started with 40 weeks back and still growing. Not only growing but snowballing and compounding down on itself nicely.

I wish more people knew about this project as it's a gem in the dirt.

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Weekly HIVE dividend payout chart
The chart below shows how much HIVE has been paid out each week from launch. You can see it only goes one way based on our token model. The bigs jump at 13 weeks was when we soft capped the token and week 25 was when we launched EDSM tokens. Every week, the HIVE income pool increase, slowly but surely.

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Burned EDS tokens

To date, we have sent 1248 to @null
And we will continue to buy back EDS tokens from the market at 1 HIVE each when funds are available and then burn those tokens.

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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%.

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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

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Weekly Roundup

It's been a steady week. Because EDS does not play about anything other than HIVE, everything is easy. 100% focused on increasing HIVE POWER balance, tunnel vision nothing else matters.

I will be trying my best to upload a small report like this for EDS every week from now on. I sorta let it slip off there for a few weeks/months but I realise token holders would prob like to know what's going on. Thanks for taking the time to read this weeks EDS report.

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@eddie-earner is operated and it's wallets/funds are backed by SPinvest

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FOLLOW ME at @eddie-earner

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