Contemplating A $500 Passive Income Stream

I do think if you set up some form of crypto staling every day in crypto will be a good day because you are earning more via the rewards. There is no reason to be negative with your bags getting bigger and bigger.

Above are two of my 4 staking pools highlighting how good the current APR really is. The first pool of 82 491 is earning a total of 16.61% made up of a 10.15% APR base rate plus an additional boost via GCOT of another 6.46% The second pool has a larger APR due to having more GCOTI staked earning 23.21%.

The scary part is if I maxed out staking GCOTI one for one with COTI could be earning the 10.15% plus a additional 40.61% totaling a 50.76% APR which is massive. The end goal eventually is to have 1 COTI for every GCOTI staked generating a better than decent income stream.

This would cost in the region of $1.9K which would then increase my current daily rewards from 90 COTI to 230 COTI which is big. COTI being at $0.072c each this would take roughly 190 days to recoup that investment. The goal is to be able to earn as many tokens possible daily

The problem is the APR will not remain this high and I would rather have COTI than GCOTI when it came time to selling. Still the recent developments are food for thought and it does seem rather tempting ad crazy not to do this. Having the higher APR option is the bonus and thinking long term once I have sold and bought back many more COTI the next cycle will be mind blowing with the earning potential on offer.

I have said previously do not look at the price and look at the tokens you are earning because if you can be earning in the region of $500 monthly now at these low prices wait until that price is 10X, 50 x or possibly 100 x more. I see COTI eventually settling with a value higher than $1 so this could easily be a $5K-$10K monthly income stream bein created. $10K is my initial crypto target income stream so it would be great to achieve this just from one of my crypto portfolio investments as everything else just becomes the gravy.

One can never predict what is going to happen next especially in crypto and you have to buy ticket in order to find out. The idea of having 10 x $25 passive income streams was never going to happen and today just COTI on it's own is generating $210 monthly. With a small investment I can make this into a $500 monthly income stream. I actually do not think I have much choice as it is that obvious even if the APR does drop off. The 200K COTI target will still be achieved later this year ad is a certainty without having to purchase more COTI as the compounding interest of the rewards will do this on their own.

Posted Using INLEO