Hey All,
As promised in my last post which was around my COTi investment and 30% APR yeild - COTi - My Staked Unlocked - ReStaked for 365 Days - APR above 30% - My Strategy Ahead... I stated that I would be sharing about the fees to be paid if one breaks their lockin period for COTi withdrawal. In crypto there is this simple rule - break the terms midway then be prepared to pay hefty fees. Follow the rules, and you are committed to the project i.e. until the end of the lock-in period, and you'll enjoy significantly lower costs while keeping more of your hard earned tokens. The same applies in the COTI tokens staking in the COTi treasury.. So let us explore the same without any further delay. At first have a look at the following two images that should give you a clear picture on how the withdrawal fees spikes to 800% percent when you withdraw your #COTi tokens before their lockin period.
As observed from the above images you can see that I would have to pay a fee of 410 tokens while not breaking the lockin period of 365 days which ended recently i.e. on 26th May, 2026 also on the image it indicates - "Remaining Lock Period" as UNLOCKED And now when we look at the second image where I am purposely trying to make a withdrawal for my locked #COTi tokens much before the lockin period being unlocked I need to pay a hefty withdrawal fees which is around 3724+ #COTi tokens and if we do the rough math here its an 800% high fees to be paid here for breaking lockIn period. So what is the best option here that one should follow? In simple terms try to avoid the lockin time frame and if you are not sure its better to opt for a short duration of lockin as opposed to a Year. Also, if the gains from selling your #COTI tokens significantly outweigh the withdrawal fees, then paying the fee may still make financial sense. The key is to look at the bigger picture and then take the call what makes more sense to ones investment. Well this should be it for todays post on - "COTI Lockup Explained: Why Early Withdrawal can Cost 800% High Fees - Lets Explore...." Interested then do yourself a favor to grab some coti and gcoti tokens now before they skyrocket and thank me later....& obviously DYOR... Stay Coti... Happy Investing... cheers
Did you link your Viper Wallet to MetaMask? Are you invested in #COTI token? Did you know about this bridge on the COTI platform that lets you to transfer your COTI from centralized exchange to a DEX? Are you staking COTI vs gCOTI? Would love to hear your thoughts around it in the comment box below?
#coti #gcoti #payment #rewards #treasury #staking #node #howto #transfer #crypto #cryptoofinternet #hodl #binance #bridge #currencyofinternet
Image Courtesy:: coti treasury, ChatGpt, coti.pay, coti discord, earn coti
Best Regards
Paras
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects...
