Mega Earner Tokens - EDS miners

Hello everyone, this week are looking into a "Mega Earner" token. I have always liked the idea of creating a mining token but never pulled the trigger because the tokenomics of mining tokens mixed with a backed asset token do not go hand in hand. This is why we dont have gold mining tokens in crypto, where would the gold come from to back the mined gold tokens?

With that said, it can be done and build to be self-sustaining if investors are happy to take a smaller ROI of say 15% per year when compared to other mining tokens that payout 20%+. In return for the smaller ROI, mined tokens will have a stable value of 1 HIVE and would earn 10% per year in HIVE dividends, liquidity would be offered to those looking to sell back for HIVEp. Earning 20% is no good when you cant sell your tokens for HIVEp, you end up HODLing and then the price tanks, that does not happen with EDS tokens. Let's look into Mega Earners.

First off, they would not be called miners because they would not run from the hive-engine staking option meaning not staking required same as EDS tokens but they would be mining tokens no question. The would-be EDS mining tokens.

Why mine EDS tokens?
Why not? There are plenty in the mint waiting to be released. We can sorta peg EDS tokens to 1 HIVE by providing liquidity on the exchange and finally, EDS tokens are already set up to distribute weekly HIVE dividends. The percentage would change from its current rate to a flat 10%. This would mean a Mega Earner token holder would earn 15% per year rewards of EDS tokens and the EDS token would earn 10% per year. 2 layers, miners reward EDS and EDS rewards HIVE. Could these be a farming token maybe? I dont know, its all the same to me to be honest, staking, mining, farming, all the same thing fundamentally in my head within HIVE. Mega Earners would be mining token cause I say so

Numbers... lets look into some numbers. Im winging it here so let's get some numbers to look at and then talk about.

You can see the 2 lay rewards. The ROI is nothing to call home about but EDS tokens are sorta backed by 1 HIVE and we cant simply turn on the printers like any other mining project. The rewards are consistent and you know that your rewarded token can be cashed for 1 HIVEp on the exchange are you can HODL them and earn 10% with no fear of its value dropping.

50 HIVE might seem expensive, that just the price that came into my head. Mega Earners could be priced at 0.50 HIVE each with a mintage of 100,000, the payout would be the same for the amount of HIVE invested. There is no real call for a hard cap at all really as there are tons of EDS tokens, enough for years and years.

Anyways, next, we look at one of the outcomes of HODLing these. There are 2 things people can do with EDS tokens earned from Mega Earner tokens. They can sell them for 1 HIVEp each are let them pile up and earn you some HIVE. If you decide to hold your EDS tokens, you have 2 options what to do with your HIVE paid from EDS tokens. You can either reinvest into more EDS are dont reinvest.

With the outcome table below, i show the outcome of holding the EDS tokens earned from Mega Earners while not reinvesting HIVE earned from EDS. I have gone with someone buying 10 Mega Earners for 500 HIVE.

It is no getting rich quick scam but it's sustainable for the long term. It's nice earning 25-40% from a miner per year but if the price of the token your mining drops 90% because it's connected to a useless tribe, what have you gained and how much time will you have wasted?

In the example above from a 500 HIVE invest, you would receive 75 EDS token per year and your HIVE payouts from those EDS tokens would increase by 7.50 HIVE per year. These numbers do not factor in weekly compounding are reinvesting earned HIVE back into Mega Miners are EDS tokens. If you were to sell your earned EDS tokens when you received them, you would earn 15% per year.

What do you think?

This idea of Mega Earners is a thought exercise to engage with the HIVE community and collect feedback. I like the idea but it would need to sell a ton for it to be worth the time. If you were to create a miner token, how would you build it? Let me know in the comments below.

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