Hey All,
As of today, the global cryptocurrency market cap is approximately $3.97 trillion dollars, down 0.2% compared to the last 24 hours. Overall, most cryptocurrencies are trading side ways, which is not that bad and we all are waiting for the bulls to return. Moving further just a refresher on what is #COTI and gCOTi token all about before we get started. Its imperative to give some background about #gcoti - which is the governance token of the project and whereas #COTI is the native cryptocurrency of Coti aka (Currency of the Internet). The #COTI project has many things to offer and is trying to solve problems associated to traditional payment systems like:: Scalability, Transaction Speed, Cost Efficiency, Trust and Security, Usability, Smart Contracts and there is much more to it. Now, coming to my #COTI staking rewards, here is a snapshot. I am currently claiming close to 800 $COTI, which is worth around $40, with $COTI trading at approximately $0.05 cents.
COTI rewards - Compund or Invest in other Crypto Tokens...
Before I answer this question, let us have a look at my stake here which is almost touching $10K at the moment. In terms of #COTI and #gCOTI, I hold over 155K combined across both tokens. I'm currently getting an APR [Annual Percentage Rate] of around 35%, which is quite impressive, isn’t it? To be honest, I am done with my goals for both these tokens and most of the time I am now leveraging the staking yeilds to buying other crypto tokens.
Till date the main fosucs had been around getting to the 150K+ Hive Power aka HP and this is also achieved. What NeXt? Is the big question to answer. Short answer is that I am started looking into investing in #leo and #lstr tokens. I already have a good chunk of stake in #LSTR which is around 2250 #LSTR tokens in my wallet and I want to bring this number to 2500. So most probablly my foscus and the yeild here from #coti will be redirected to buying more of #lstr tokens.
Just incase if you dont know about - what LSTR token is all about then let me tell you that - In simple terms, LeoStrategy (LSTR) is a fund designed to accumulate as much $LEO tokens as possible, thereby increasing the value of each LSTR token. All proceeds from LSTR are redirected to purchasing more #LEO tokens. It doesn’t stop there and through smart investment strategies, $LEO will be staked, and the yield generated will again be used to buying additional $LEO tokens, which are again going to be permanently locked i.e. staked. Hence all the #leo tokens LeoStrategy (LSTR) has in its balance sheet will never be sold, which ultimately reduces the circulation of #leo tokens in the market. Just an FYI... #LEO 2.0 has a max supply of 30 Million tokens only and LeoStrategyhas set an ambitious goal of acquiring 10 million $LEO tokens by the end of this year. Overall the summary here is that, I have decided to redirect my earnings from #COTI to investing in #LSTR and #LEO tokens for now. Ok this should be it for todays post on - "My #COTI Staking Rewards – Should I Compound or Explore Other Tokens?" Lets see how this plays out in the near future - is #LSTR and #LEO poised for sucess time is gonna tell. Let me know your views on #LEO #LSTR #SURGE - are you buying OR selling... #LEO... Happy Investing... Go LEO GO... cheers
Have Your Say on #COTI, #gCOTI token - HODL Vs SELL?
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? Cheers
My #COTI Staking Rewards – Should I Compound or Explore Other Tokens?
#coti #gcoti #payment #howto #transfer #crypto #cryptoofinternet #hodl #binance #bridge #currencyofinternet
Best Regards
Image Courtesy:: coti.pay, void, congecko, cryptoslate
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..