With the price dropping slightly last night the upside was that there were roughly 3 million COTI liquidated in the COTI Treasury from those "investors" staking in the high risk pools. The risk is not worth the reward and it always amazes me when people think they can outsmart the market. Staking in the no risk pool still offers around 26.62% which is a brilliant return so why seek more?
The good news over the last 10 days is the stake has grown by an additional 9.4K and the daily rewards are now slightly over 213 COTI. The daily rewards is what I have been focusing on lately and these have risen from 204 and now on 213. The first short term target is 240 which at this rate will happen some time in July. This in real growth equates to 7200K COTI per month and is the foundation for quick growth.
This is not necessarily about the dollar value as this only represents $70 per month, but more importantly should springboard the monthly dollar value far quicker than the previous 4 years of staking. The growth through consistency and compounding will accelerate over time organically. This becomes easier and easier as the numbers increase and why sticking to the plan long term does work even if it is slow going which it will be at the start.
COTI is MiCA compliant as they have their privacy tech Garbled Circuits based around being regulation compliant. COTI was also one of the few who were working with the European Central Bank with regard to the Digital Euro so they are at the forefront of privacy tech especially for digital transactions and data protection.
I think come the 1st July we will see how important this will be being compliant with MiCA regulations over the coming weeks and months. This is not something we have experienced before so understanding the benefits of being part of MiCA is still the unknown. I do not trust what the EU have been doing so this is more of a wait and see to see how this all plays out. Will there be work arounds for those in the EU because crypto tends to stay ahead of regulation and blocking crypto investors from investing using certain exchanges may not be possible.
The values we see currently can be slightly demoralizing, but this is still early prior to adoption so this is still exciting times to be involved. I think we expect too much and would have expected far more value for the time we have been involved. Many of us have been in the crypto space for 8 years or longer and yet we are still seeing cents instead of dollars on our various crypto investments. How quickly this can all change and why crypto is a test of character and perseverance. This is why during these harsh times in crypto we have to find any positives to hang onto and kick a side the negativity. Prices have to rise and this is when all the hard work pays off.
