Today there was an update with regard to the COTI V2 eco system and the various types of rewards one can earn besides the staking that is happening within the COTI Treasury. AS tempting as this may all sound the reality is we are in year 4 of the 4 year crypto cycle and I do not want my investment tied up when it comes time to sell. We are all invested with the main aim of making money and from my little technical knowledge operating a node on COTI requires stake as security. The current nodes require a 200K COTI stake which is not that expensive and would cost around $13K.
Having a node license will allow you to receive rewards for the services that you are providing which will be far more diversified than what currently happens. Staking pools within the Treasury is going to be an option so one could make extra revenue over and above the normal service fees. You would dictate the rewards being earned ad the locking periods etc.
There will be two different types of Node licenses with one being a full Node and the other a Lite Node. A full Node secures the network via the software and it's main job is to process transactions. If you purchase a Node you can also assign this to another Node operator after negotiating a fee. A Lite Node offers those with less stake an opportunity to join another Node and will receive a percentage of rewards for doing this. I am not sure how this all works and why a Full Node would want a Lite Node sharing in the profits and there has to be another angle on this that will be made clearer later on. The Lite Node sounds more interesting for myself and will have to wait and see how this works as it is only 10% the price of a Full Node.
There is going to be a limited number of Nodes available with the Full Node earning roughly 12.5% of protocol emissions that are generated from service fee transactions. There will be other tokens within the Treasury so this will apply for all fees generated across the board. We expect the COTI Treasury to be very busy with all the new partnerships and real world use cases so this could be very lucrative.
There is a roll out plan and timeline for all of these things to happen which will start from day one on or around the 25th March. No dates have officially been give as yet for the launch of COTI V2, but we know the 24th is the expected date for the security audit to be completed. COTI V2 is launching in Q1 which if not the 25th will be within 6 days of that date.
The COTI Treasury is moving to MetaMask where it will become COTI V2 the latest Ethereum L2 token. I have been staking in the COTI Treasury for nearly 3 years now and this is lucrative enough on it's own if done correctly. Being able to earn extra rewards over and above what the APR in the Treasury offers is rather tempting and may dabble and grab a Lite Node. If you partner with a successful Node that is making more than others from the services they are providing then it could be very profitable. Even when I sell at the peak in this cycle the aim was always to reinvest back into COTI and continue the journey when the prices have dropped considerably.