When you decide to get involved in a crypto project or any project in that case the earlier the better as that is where the big rewards are made. Normally when we hear about something it is already too late or the early advantages have already been scooped up. There are still fortunes to be made with life changing opportunities and paying attention is very important currently as they will disappear as quickly as we notice them. The masses have no clue what is going on inside crypto land and by the time they do we should be well ahead of the curve in earning potential. The masses joining will only fuel the pricing even more making what we have even more valuable.
I have been slowly clawing my way to 25 000 COTI lately and will get there eventually, but the sudden price spike doesn't make this any easier. The aim is to generate another revenue stream directly into a debit card for every day use and what makes me so excited about this project.
At the moment it is still cheap enough to dream of achieving the target but only if I could rewind the clock and buy it for cents and not 50c plus. The staking and earning a decent return is something that is possible if the price allows and doesn't pump over $1 or shoot to $5 anytime soon.
Just to give an example of what is on offer and who knows what other blockchains are offering the same sort of thing. I am sure there are many but not everyone has a debit card that can be linked directly which is what sold me on this.
A year ago these numbers would be nothing, but the price movement since then is 1490% and changes things quite drastically. Now the price is expected to rise significantly still with so much hype and news about the project hitting social media.
The other day at 55.9c these payouts were interesting to calculate and that according to many is still very cheap of where it is projected to go.
S: 174.68 USD / € 148.79
M: 838.44 USD / € 714.2
L: 2329.0 USD / € 1983.88
XL: 5356.71 USD / € 4562.93
XXL: 8733.77 USD / € 7439.56
Node Operator: 4075.76 USD / € 3471.18
Now if you multiplied that by 10 it starts to add up very quickly and create a decent revenue stream. x 10 meaning the COTI value is $5 and the stake payouts are 10 x what you see right now. Your investment would be paid off when that happens within 6 or 7 months (small stake account) and then everything earned after that is free. A large stake or 250 000 would have cost you only $25 000 (only I know) but has the potential to be paid off within one month if and when COTI hits $5 which puts everything into perspective.
In South Africa having a payout if $1750 is like what the average person earns monthly give or take and is more like a middle class type salary I suppose. This is just to highlight how useful the staking rewards are if one searches and gets lucky selecting the right alt coin. Most crypto coins will go up and hate to imagine what many will be when Bitcoin surpasses $100 000 and higher as everything will go up. The $5 may be well off where the price could really jump to which makes this scenario even better than first imagined.