I have been saying for some time now that I need to increase my GCOTI stake so that it is staked one on one with the COTI stake. The crazy part is the GCOTI offers so much more as a boost for the APR. COTI staked on it's own in the Level 1 no risk pool offers an APR of 5.34% and when staked 1 for 1 with GCOTI this boost by as much as 21.39% giving a grand total of 26.73% which offers a 5 x upside to the daily rewards.
Looking at my current stake of 274 522 I only have 88518 GCOTI so slightly less than 1/3rd and would need to increase the GCOTI stake holding by 186 004 to be on parity with COTI. The rewards earned daily are currently standing at 92.05 COTI and once the GCOTI is added this would see that number increase to 201 COTI daily. This is too biga difference to ignore and why it is time to try and get this task done over the next few months.
This month being April is my starting point for COTI which happened in 2022 and I am over target. When I started accumulating COTI back in 2022 I had an opening balance of 15K so the 4 years has seen roughly 260K added to the stake. The 200 rewards per day would see this stake grow by around 80K per annum if one included the compounding that takes place.
I have been hesitant up till now to grow the GCOTI stake as I was more prepared about selling the COTI stake thinking the end of the crypto cycle would have been last year. Now we know that is not the case and could be whenever this happens so I may as well get stuck in and grow as quickly as possible in the meantime. The maximum supply will be 1 billion GCOTI and do not see this as a selling token and more about what it offers for the main stake of COTI. Knowing there will be 4 x less GCOTI than COTI in the future with the final roll out of GCOTI in 2031 this GCOTI will be in demand and value will slowly be added. This is still many years away, but one has to prepare ahead of time as 5 years in crypto is over in a flash.
If the peak of this cycle happens this year or next year or in 3 years time it makes very little difference right now. The mind boggles on what the end number could be so if it is 400K COTI or 500K COTI or even higher the chances that this stake could make a great passive income stream are very good. My target from passive income with crypto is still at $10k monthly and will continue to persevere and grow wherever I can.
If one could somehow be earning 300 COTI daily and COTI was on 20c which is not far fetched and kind of low balling the price that would offer an income stream of $1.8K monthly. Lowering ones expectations and having them surpassed is far better than expecting more and receiving less. I do expect the price will surpass $1 or $2 in the future, but looking at more the average overall price.
Price is the least of my concerns right now as I am very happy with the tech COTI has with privacy and know it will be adopted and do very well. The important part knowing this is to accumulate as many tokens as possible and the easiest cheapest way is to accumulate daily rewards and compound these through staking.
The next few months will be a learning curve for myself as I will try and find the best way of purchasing/swapping GCOTI then using the COTI bridge to the Treasury. I am not sure how much liquidity is available and will start hunting this week. Uniswap is not great as the buying could see you lose up to 50% in real value which at these low prices is still worthwhile, but not ideal. this shows you the depth of liquidity is not necessarily available at these low prices.