The New COTI V2 Treasury Is LIVE
Today the new COTI V2 Treasury went live after months of waiting and it seems straight forward and easy to use. Fingers crossed it remains that way as I must admit I did like the old set up as now I have to learn my way around Metamask. The priority now is finding the best off ramp into a stable coin is a must do exercise.
Depending on how the markets do this year will depend on what actions are required and a stable coin for protecting your dollar values is a no brainer. The off ramp can follow plus reinvesting later in the Bear market as I am not bailing totally from this project.
When you know how to earn tokens daily this is half the crypto battle won and currently I just calculated I am now earning 73 COTI daily. This is not about price and more about accumulation with an eye on the end of year price which is an unknown. COTI V2 is now an Ethereum L2 token which offers privacy and I do have some high hopes as the projects roll out incorporating COTI V2 technology.
What i do need is some more GCOTI to help boost the total APR being earned daily and with GCOTI being so cheap right now it is a good time to pick some up. I just need to learn how to get this done as this is all new to me how this Metamsk wallet works. The funny and sad thing is I need to go and help others get their COTI set up and think I know the basics to make their wallets work. @gungunkrishu really helped me out and why it is great being in a community like HIVE having others around who are willing to help if required.
To capitalize on an extra 25.8% APR I would need to invest slightly more than $1K which would generate an extra 62 COTI daily and bring the total daily COTI number up to around 135. If you are expecting the price to rise which I am then this is a solid investment which could pay of within a few months.
With COTI involved with CBDC's that include the ECB and Israel plus others that have yet to be announced don't be surprised if COTI leads the privacy narrative this cycle. There are very few crypto projects that have what COTI has and being invested this early on is exciting as I can only see an uptrend.
The goal of reaching 200K before the year end is still the target and do think maybe in the coming months I can get this done as we are already about to hit June which is crazy. The year has flown by already and we are running out of accumulation time with months being ticked off feeling like weeks. 86% achieved so there is only another 14% to add to the stack and each day this number is being reduced.
Posted Using INLEO
Looking forward to digging into this more!
Focusing on accumulating coins rather than just relying on the price is a very smart idea, especially with the market’s ups and downs.
this is great news and I just hope the momentum further builds from here for the COTi V2 treasury and overall. cheers
Quick question what is your exit strategy out of COTI now we are on Metamask if you were going into a stable coin. My aim is to go into a stable coin and move it into a cold wallet off line.
For now I am focused on building my stake. Maybe will think about it once have reached the 200K+ mark. COTI really needs to pump from here before I do anything. And what about your exit strategy for #COTI... cheers
Need to find out how to convert COTI into stable coins whilst staying in Metamask and then transferring to a cold wallet like a Ledger or Tresor. I need to get another one and will do this month.