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 12% of the total HIVE POWER balance held by the @eddie-earner account, providing token holders with an impressive annual percentage yield (APY) of over 22%.
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:
- Staking EDS Miners (EDSM) or EDS Mini Miners (EDSMM).
- Delegating HIVE POWER to @eds-vote. - 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 @shanibeer (Saturdays Savers Club) and @silverstackeruk (wallet) 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!
Complete EDS eco-system explained - CLICK HERE
This Weeks EDSI Report
895.10 EDSI tokens were minted this week, bringing the total circulating amount to 96,541 and getting us very close to 100k. Normal mintage is around 500, so im not sure why this week, it's higher. I checked the mintage amounts sent to eds-vote and eds-d, and both are fine. The only other way tokens are minted is through EDS miners, which are issued via a HE contract and no change there. We'll see next what happens, ideally things ying yang, and we mint under 500 this week to balance it out.
There was 404 HIVE powered up this week to the account, this is around normal for us so all good here. Our total HP balance is upto 153,291.
This week's HIVE income pool is 335 HIVE.
The APY this week stands at 18.11%, so it's still performing as it has for the past almost three years. This weeks drop is bigger than normal but like by explained from the over mintage of tokens vs the normal amount of HIVE being powered up.
Things should even out for next week.
Weekly Roundup
Another standard week for EDSI, nothing exciting happening.
Here's a fun thought!
Micro Strategy seems to be the model to copy for this cycle, so why not EDSI? We have a large amount of EDS tokens that could be reallocated to an EDS Strategy token.
How? - Package 10 EDSI into 1 EDS Strategy token and sell 5k tokens to collect 50k HIVE. 1/ Mint 50k EDSI to the eds-strategy account 2/ Powered up 50k HIVE to eddie-earner 3/ eds-strategy receives a weekly income payment in HIVE 5/ eds-strategy uses HIVE to buy EDSI from the open market at 1 HIVE each
- EDS Strategy tokens would compound in HIVE value by 18% per year
- After 2 years, offer bi-annual conversions from EDS strategy to EDSI.
- After EDSI hardcaps, 50% of the weekly income reward goes to rebuys from the markets and 50% is paid to EDS strategy holders.
There you go, thats how EDSI could use the "Micro Strategy" model to mint 50k new EDSI tokens, add 50k to the HP balance and provide some sort of ongoing exit liquidity to those looking to sell some. 5K EDS Strategy tokens would buy back roughly 175 EDSI per week, every week.
Anyways, it's something we'll never do cause how long would it take to sell out 5k tokens worth 50 HIVE these days. It sure would be an excellent way to issue new tokens into existence and get us closer to the hardcap. Of course, the extra HP would be cool, but at this stage, it's just a number and little would change in terms of APY for existing holders.
Thank you for taking the time to check out this weeks EDSI report!
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDSI |
| EDS miners | @eddie-earner | EDSM |
| EDS mini miners | @eddie-earner | EDSMM |
| EDS-vote | @eds-vote | n/a |
| EDS DOLLAR | @eds-d | EDSD |
| DAB token | @dailydab | DAB |
| DBOND token | @dailydab | DBOND |
| RUG token | @rugem | RUG |
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