When the COTI Treasury went on pause I took my time not exactly sure what the next move was and with that hesitation I lost out on around 10 days staking on KUCOIN earning 18%. The concern was the staking on a centralized exchange and had to get my head around that part first which I was no fan of.
The KUCOIN 18% APR was advertised to run until 11th September and there was no new announcement so I thought that was going to be it and would have to find another home for my stake to make daily rewards. I was prepared to make no rewards and had already prepared myself mentally that there would be no more rewards from today as the 30 day period of staking would have expired. The only growth from today would have been whatever new funds I invested into COTI and that is thankfully not the case anymore.
The really good news is that KUCOIN is continuing the staking option and the ability for my stake to earn 180 plus COTI will continue. This may not seem like much but I see this as a win as it is roughly worth $3.40 per day and will rise as the price increases.
Apparently the staking service for COTI was temporarily closed the other day and this did not affect me and was oblivious to this as the stake is automatically added and compounded with the rewards each day.
There is no mention of the 30 day staking period and this looks like this COTI promotion is here to stay. The KUCOIN exchange must have an agreement with COTI or they are benefitting from all the ex COTI Treasury users now on KUCOIN.
I know many users from the US and EU have been excluded from this as they are in regions that do not have access to KUCOIN which is terrible. Binance is an option for myself for staking, but the exchange is not a great option due to the pop ups controlled by the SA taxman or rather data collected for the tax man. KUCOIN for myself is not ideal, but kind of works for now as I needed another exchange that was not in cahoots with the SA tax man. We have to be careful not to leave a footprint everywhere and staying in the shadows is what I have been trying to do for many years. I do not trust the SA tax system and have no intention of cashing out into Rands due to how the Rand has devalued over the years and is definitely not a destination for my crypto profits.
The plus side is I can also add to my stake growing the rewards that are already increasing and can target 200 COTI rewards daily. The 240 COTI rewards earned daily which was my target in the COTI Treasury is back in play again needing an extra 120K COTI to achieve this daily target. This is doable and all this needs is time which we cannot control as who knows what the market is going to do. I have read reports from people saying sometime next year we shall see the Bull Cycle and the year after so everyone is guessing clutching at straws. I would rather see 2028 for selfish reasons as it gives myself more time to grow but happy whenever it happens.