Doing The Housework
Growth Does Not Just Happen and Needs To Be Nurtured
When you are involved in crypto staking there are some basic tasks that need to be done in order to keep the rewards being maximised to their full potential. There are a number of things you have to keep in mind like the frequency for farming the rewards. You have to know the costs involved which will then help you set the tempo of how often this is done.
One of my crypto investments is staked within the COTI Treasury and that stake generates a fluctuating return anywhere between 36 and 43 COTI daily. The costs for farming these rewards is constant around 1.4 COTI so I know this is easily covered within 1 hour because that generates between 1.5-1.8 COTI hourly. These figures are important to know and is more about knowing your stake and is the bare basics. If you are going to succeed you need to know these types of figures because how else are you going to grow to your full potential.
Over the next 10 days I have 3 separate staking pools unlocking which need to be restaked which under the new airdrop campaign will earn even more COTI rewards daily. In order to maximise these returns one has to stay active keeping certain parameters high and not just waiting around.
The airdrop has a few key parameters that govern how much you receive with one of them being your trust score which is your activity within the Treasury. Farming rewards will add to this score that is constantly dropping so you are basically just maintaining what you already have or trying to at least.
As you can see my Trust score is at 12.93 which has dropped since last week even though I have been farming rewards daily and in order to get it back over 13 I need to add another deposit today or tomorrow. The airdrop scores are calculated every Monday/Tuesday for the following week. This affects the APR earned and also how much GCOTI you are also receiving. The GCOTI is very important because this is a booster that adds to the overall APR. This week I am expecting another 126 GCOTI which adds another 0.06%. You may think this is nothing, but it is worth an extra 0.1 COTI daily and when compounded this is all part of the growth. Next week you do the exact same and within 10 weeks you are earning more than 1 COTI extra every day.
I have spent more than 2 years building this stake and need to make sure when it is time to sell I have done the best I can. This is too important for my future and need to be generating as much as possible. With COTI V2 now being an Ethereum L2 Token where this is going could be seriously big.
Realistically COTI can still do another 50-100X this Bull cycle for what the new tech they developed offers Ethereum. This is why forgetting price and concentrating on what you can influence which is accumulating and growing the bag. The actions we do now can be life changing and if they aren't you have at least had a shot at it. There must be no regrets knowing you have done whatever you could because you will only have yourself to blame if the investment does moon and you did very little.
Posted Using InLeo Alpha
Man, I am following you closely and I went nuts this weekend and bought 60k COTI and thrown it in the Treasury. I too believe COTI is yet to shine, thus it is a project either to hit it this bull run or even the next one if it doesn't rise high enough.
Very impressive staking. I am adding roughly 1K COTI weekly excluding the 300 or so that I am earning over the 7 days. The trick is to keep the Trust score as high as you can because it influences the airdrop and the GCOTI being awarded each week. COTI will hit this bull cycle.
Just like when things are placed on stacking, their value is high and after the passage of time we continue to get rewards, but the ends are reduced, so by taking care of all these things, in this way we all people should.