I have laid out my crypto strategy plan for the next 3-4 months and today an announcement by COTI has put a spanner in the works. Look I am not complaining as this is a good problem that needs to now be included and I am grateful for their new offering. @bozz don't panic ERC 20 tokens are still being added to the COTI Treasury this month so they have a plan of action for all US COTI holders.
GCOTI is the Governance token which also doubles up as a booster for you overall APR on a 1/1 ratio. Currently it offers an extra 22.18% APR on top of the normal APR so saying it is making a difference is an understatement.
I have around 18% of GCOTI vs my COTI stake so I am not getting the full benefit and would need to purchase more which would not be cheap and would cost around another $6K when GCOTI is half the price of COTI.
I did some farming last night so this is roughly 1 days earnings which is only going to increase the stake far quicker than expected. When you are dealing with numbers in excess of 100K an extra percentage or two adds up really quickly. This is just one of my 4 staking pools showing the extras. To put things in perspective the APR with what I will farm tonight will rise by 0.01% so it seems small now, but will rise quickly.
When I first read the announcement it mentioned deposits so I was thinking new deposits and not current deposits so yes any additional deposit will also benefit from this new reward system. I just see this as a thank you for supporting the project and you don't say no to extra rewards.
The path to 150K or possibly 200K COTI before we see the peak of the next bull cycle is definitely now on. I will just have to be smarter accumulating the VET and VTHO which are still some way off what I had hoped for.
The idea of being able to earn 10 x $25 monthly from various generating crypto income streams was parked off along time ago because it takes time to just generate one. This is already generating $90 monthly and now will be far more. At the current expectations I can see a realistic $1-$1.5K monthly income when we reach the $1 mark.
I think this is another reason why we love crypto so much because you can always expect a curved ball or two with some being bad and like on this occasion very good. Very few projects that have great value offer you a decent APR and when you find them you have to grab hold of them quickly.
Looking back it was February 2 years ago that I only had 3K COTI and was planning how to reach 15K COTI. 24 months later I am now thinking 200K which is 13 x larger than the first planned target. We can all do this as it is not difficult and you only need to get started putting a plan of action together.
Crypto is fun and the more you enjoy it the more successful you will be because you care. This is our financial future we are playing with and are way ahead of the curve.
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