With the crypto prices being so low currently we should be concentrating on how to grow our bags so when the market does decide to turn we come out smelling like roses. Staking, accumulating and compounding is how we achieve this and now is the time if you are not already doing this. Not only is this rewarding, but there is fun to be had along the way as there is nothing better than monitoring real growth when it is happening continuously and it is visible.
Over the last 4 or so years I decided to invest outside of HIVE and research some other coins that I thought had a future. One of those that stood out for all the right reasons was COTI and lets say it has a very good chance now being an L2 token on Ethereum and is leading the privacy technology with Garbled Circuits. The COTI tech is being developed and used with stable coins such as the Digital Euro having been part of the team helping the Central Bank of Europe deal with privacy. COTI is the only privacy tech that can be scaled for multiple transactions which is the important part here. The Bank of Israel and one other country yet to be announced is under development. These are not businesses, but entire countries and multiple countries in the EU's case. The digital Euro is worth a 15 trillion market cap on it's own and a percentage of every transaction even though very small would be heading to the COTI treasury in the form of an APR. The number of transactions is what is important here not the percent per transaction.
Right now price is not important and I am more than comfortable with where this is heading and there is no worries because COTI has serious use cases and is being adopted yet this is so early not much will reflect just yet.
I have been monitoring my stake growth and this is still hanging at roughly 92 COTI daily in rewards and would like to or should say need to increase this and maximize this opportunity. I do think I can get this stake to around 400K COTI by the end of this year if I can get my hands on GCOTI which is easier said than done. The more stake you have staked the more you earn daily so this is not hard to see being achievable. We know how to do this because of being on HIVE for so long and is a very similar growth process.
I have broken down my 4 staking pools in the COTI Treasury and the obvious part is I am short of GCOTI which when staked 1/1 with COTI boosts the APR by an additional 22.50% which was 22.53% earlier so this does fluctuate. Not great when it drops so you need to keep staking and accumulating to stay constant and remain at your daily reward levels.
Pool 1
130010 x 12.98% (5.63 base APR level 1 staking 360 days + 7.65% GCOTI boost APR) earning 46.23 COTI daily and would be earning 100.33 COTI daily if I had sufficient GCOTI staked at 1/1.
Pool 2
100564 x 13.05% (5.63% base APR + 7.42% GCOTI boost) earning 35.96 COTI daily and would be earning 77.61 COTI daily.
Pool 3
18484 x 11.56% (5.63% APR Level 1 260 day stake +5.93% GCOTI boost) earning 5.85 COTI daily and with the extra GCOTI would be earning 14.26 COTI daily.
Pool 4
11009 x 14.14% (5.63% (Base Apr) +8.51% GCOTI boost) earning 4.26 COTI daily and with the extra GCOTI would be earning 8.5 COTI daily.
The current earnings daily are 92.3 COTI which is still very good yet if I had the missing GCOTI which I am short of 175598 GCOTI at a price of $0.003954c worth $694 I would be earning 200.79 COTI daily a difference of 108.5 COTI which is more than double the earnings currently. How much would those extra COTI be worth in the future is why this needs to be achieved.
Being able to earn 28.17% as an APR is massive compared to my average of around 14% or so. The GCOTI may seem worthless, but for what they offer they are far more valuable than the current price of $0.003954c. The problem is getting your hands on them and I would pay double or triple the price if I could get my hands on them. Being able to earn 200 COTI plus per day is where I need to be and this is what I am now trying to target and get into that type of position.