I have had a few questions about why I am in too deep with EDS tokens and if they should buy them.
My new answers revolve around @eds-vote.
Here is a quick run down from the EDS team.
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 @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 @eddie-earner account. This is currently paying out an APY to token holders of roughly 35%.
I love the EDS vote plan because I can delegate HP that and earn EDS tokens. I do not have to buy them. I also plan on some upvote from he EDS Vote account that helps as well. It's a great way to participate and earn. I still am very happy with my EDS money and plan to keep holding these long term!
ALMOST 22 HIVE A WEEK IS AMAZING.
I always dreamed of some passive side gigs. Well EDS is that for me.
Check it out. Delegate some and start growing your stack.