Chipping Away At The Targets

Next week will see this stake become unlocked and I can then basically double the APR being currently earned. This would move the APR from a 3.38% to a 6.44% earning an extra 5.2 COTI daily. I could have just cancelled the staking and removed this months ago, but hen I would have missed out on the loyalty bonus when the COTI V2 swap happens. Even if this is just worth 5% the difference in lost earnings versus the loyalty reward (December) would see my account benefit by around 2.5K COTI. Sometimes you have to think what is best long term and all of my stake is set to receive the loyalty bonus having been staked for a number of years now.

The weekly earnings growth is slow progress and why it takes so long before you notice the difference. Currently the growth is increasing week on week by by 2.1 COTI or 0.3 COTI daily so within a 4 week period I would expect to earn an extra 1.2 COTI daily. Again this is not a massive number, but would bring my daily rewards total up to 40 COTI.

Thinking in years is not easy for many to comprehend and digest, but this is the only way I know that guarantees financial success. We all have certain targets in our head and my target here is 200K COTI before the next peak of this cycle. This I believe is a realistic number that will be achieved before August next year and depending on the loyalty swap boost percentage when converting COTI V1 into COTI V2 this 200K could happen later this year.

The only question is how much will this be all worth later next year as any number is possible. A $1, $2 or even a $5 is very feasible and who knows these numbers could be much higher all depends on how the COTI V2 is received as an Ethereum L2 token. Something tells me COTI is in for big things and why being able to earn as much as possible daily is very important. The idea that one can get involved in a crypto project and an investment grown in under a 4 year time line could be worth more than $1 million is very much a possible reality is still hard to comprehend.

This is the beauty of crypto as the price is an an unknown value for 99% of the cycle only for it to be revealed at the end and by then it is too late. We will witness so many missed opportunities that could have been life changing , but you cannot be invested in every project mainly because it would not be life changing then due to the stake being too small. This is why having a few big bags has been my approach and why researching those particular investments was so crucial.

Posted Using InLeo Alpha



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4 comments

This is really a nice strategy to get to 200k coti and am sure you will be there any time soon. One quick question when the staking period ends is all the stake available as liquid automatically or we need to pay fees again to get it liquid. Let's take example of your stake here 61k+ coti how much we will need to pay in fees to have this liquid..cheers

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No when the stake unlocks it is liquid. I am not sure what the fee is when you withdraw fuds from treasury, but my understanding talking to others it was minimal.

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As far as I remember I had staked coti for a short term earlier and when the time lapsed i didnt see the liquid coti and I guess there was a step required to withdraw funds from treasury and looking at the fees i decided to rather keep it vested for another round i.e. a year. cheers

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