Wednesday has become one of my favorite days of the week as this is the day we receive our GCOTI rewards over and above our daily COTI rewards that we earn via the APR. The current Level 1 APR (no risk level) is not great being 5.4% and why the additional GCOTI which acts as an APR boost is that important.
This week I received 395 GCOTI and when staked after fees of 2 GCOTI the balance increased by 393 GCOTI. This may sound like nothing but the reality is this increases the total stake growth by an extra 0.23 COTI per day and does help the overall growth. The daily rewards now sit at 91.5 COTI daily so over the last week the APR has dropped slightly and has left me earning 0.5 COTI less per day.
For myself this is more of a game and a challenge which is fun trying to stay ahead and either keep my rewards constant or slowly increasing. COTI being at $0.012c does not matter and knowing even during these harsh times I am still earning over $1 daily through rewards it makes me happy. The $30 plus dollars added to the stake each month is $30 those that are not in crypto are not earning and these extra coins are all extras helping myself move ahead.
We know retail investors only get involved once the prices have started moving up so even though my stake is worth very little today I expect it to be of significant value when the markets do turn. I have worked too hard over the last 4 years for this to be only worth $3500 and I will wait and see what this value will be in the next year or two. The last ATH would place this stake around $180K and for some reason I expect this to be higher next time around due to the last 4 years of development. I may be mad to think this but I am quietly confident certain cryptos are going to explode and this project will be one of them.
The hope is that over the next 2 months I can add an extra 184K GCOTI which would require roughly a $520 investment besides the Ethereum fees for the bridging. This is something I need to do in order to learn all the various steps moving in and out of the COTI Treasury which should ultimately see the daily rewards grow to over 200 COTI daily. The investment return would be made back within 7 months if the prices stay the same otherwise if they rise then that would be much faster.
The numbers are still hard to comprehend as I can recall the first couple of years when I was earning 20 COTI daily and now I am talking about targeting 10 x that number. The beauty about earning a decent number like 200 COTI daily is the price does not have to be that high to generate a good passive income and $0.10c would be $600 monthly or $0.20c $1200. There are not many investments that would offer you this type of return and why I continue to move forward each day growing the bags because this could be a massive opportunity not to miss out on and I believe this is the time. The early bird gets the worm and I have not seen a worm as yet and there has to be a big fat juicy one arriving at some point.