Being in crypto you soon start to realise that wealth does not jut happen overnight and this actually is a long game that relies on consistency and patience. The turning up every day where it is doing some extra reading as in research making sure what you invested in remains on track. The farming of the rewards is the fun part and on COTI the GCOTI is distributed every Wednesday which when staked boosts the overall APR.
The APR has been fluctuating of late and the stake as been generating around 44 COTI daily which is fairly decent, but obviously would like to earn more. Last night when calculating the daily rewards I noticed that the numbers have risen and now that 44 daily COTI is 51. This may be one of two things with the main thought being the COTI service fees being earned are now being distributed to those staking. This we will only know in a day or two when the daily rewards start to drop off again and head back to the 44 COTI earned daily range. It could also be some investors have left the Treasury and the APY has increased overall due to that. Still the rewards earned are adding roughly $200 monthly that is more importantly not coming out of my pocket.
Either way it does not really matter as the goal still remains the same and that is to earn as much as possible. The 51 is rather sweet and will help bring me closer to my overall target of 200K COTI staked. Earning over 1500 COTI per month means by April next year I would be over 160K COTI staked and slightly down from where I should have been with my staying on track calculations targeting 180K by May.
We shall see what unfolds as anything can still happen and that distant target could still very well be achieved. The value f he token as dropped by roughly 20% over the last few days, but as we all know price as no importance right now as accumulation is what matters. How big will your bag be when it is time to sell is what counts and this will be a complete 4 year cycle giving myself a good and clear understanding of what is possible.
A 200K COTI target at the last all time high would be worth a cool $132K and even though I am hoping for far more that is still $33K per year that is being generated. The 1500 COTI being earned monthly is adding an extra $1K at the all time high price to that number so all is good when zooming out.
Stake generates stake so starting from a point of 0 nearly 42 months ago this growth will only speed up the longer this carries on. One can only imagine if this 200K was the starting point back then how much would be bein generated daily now and why I am going to be reinvesting back into the same project once sold at the ATH. This is a proper investment for generating passive income streams and more importantly trust the project and know how this all works.
