Last night I received a phone call from my friend who I helped stake COTI after he saw what I was doing and thought it would be best to copy. He was in the process of working out how to bridge GCOTI to the COTI Treasury so he could increase the APR on his stake.
He mentioned that he is really enjoying the staking and earning daily rewards and that the process of farming is so much fun. This is the first crypto "profit" he has ever made in crypto and finally sees the light. Up till now it has all been about trading and he has lost far more than he has made. Having another method to earn whilst removing the risk is the fun part and I am happy he enjoys this as much as the rest of us who have been staking for years.
Staking and earning rewards is great if you do not have the knowledge of how to trade as you are earning more tokens no matter what the market is doing. With the prices the way they are currently staking is the safe bet because your investment is working for you and the longer the market stays where it is the better for growing your bags.
When you are staking it does take time to understand the processes along with the power of compounding the daily rewards then there is nothing stopping you from being successful. Maximizing your returns is important and it is surprising that so many sit on the sidelines unaware of what growth opportunities are available. I know my friend would not be involved in staking if he had not bugged me to tell him what I was doing as I tend to keep my crypto private. I think this is a fairly common trend amongst other crypto people as you do not want to be blamed for any lost investments due to your recommendations.
I have no clue how many COTI I have earned via staking, but I do know I have earned 32 744 GCOTI over the years which is worth very little dollar wise at $109. The 32 744 GCOTI does boost the daily COTI earnings however and that is where the real value lies. The GCOTI earned over the years is worth an extra 19 COTI daily which is worth $0.26c at these low prices which is nearly $8 monthly.
When you zoom out and look at the bigger picture the values being generated are not always going to be this low so even at the last COTI ATH this 19 COTI earned daily would be worth in the region of $375 monthly. Many say that crypto may not achieve their last ATH or many wont but I believe what COTI has developed over the last 4 years this is a banker and will surpass those numbers due to the various privacy use cases.
I hope my buddy got the GCOTI sorted using the bridge as over the coming weekend he can talk me through how it all works and will finally get mine loaded up on the treasury and be heading towards earning 200 COTI daily. This is just the start I needed as once knowing how this all works I will be targeting 300 daily COTI rewards and hopefully far more. The market tells you this is the time to kick on and grow as fast as possible because this could turn very quickly. It would be fantastic if we had one more year at least, but that is the unknown part that keeps us on our toes.
