The decent part about crypto having it staked means that rewards are being generated even when you are not active. The last five days when I was away travelling in Dubai I struggled to log into my COTI Treasury and thought it was best to wait until I had returned home.
Over the last 5 days things have progressed very nicely with the stake having grown by an additional 1094 COTI and added another 914 GCOTI which boosts the APR by an additional 0.15% from 8.27% to 8.42%. The base APR has stabilised and the daily rewards are now climbing back up again. The rewards are up from 79.2 COTI daily and now achieving 80.47 COTI. Next week I will hopefully see over 81 daily COTI rewards which is a small gain but these all add up rather quickly. Even with COTI only being at only 0.051c this still represents $123 monthly. This is still decent passive income and just thinking about when the ATH was last seen this would be worth $1641 monthly.
Nearly 205K COTI staked which represents 2.5% over the target of 200K and covers for any fees when selling and off ramping from crypto to FIAT. The 205K at the last ATH in November 2021 represents $139.4K and I can see the ATH being beaten before the end of this cycle making the stake far more valuable.
I am hoping there is another 8-10 weeks before we see the end of this cycle and the longer the better as each week that passes the numbers are just compounding and growing. The goal will be to see if 1000K COTI can be added weekly and get me closer to 120K COTI staked. This week we never received our COTI air drop from which I am guessing I have another 10K COTI still to be received. This seems to happen every 2 weeks or so and in my case roughly 400 COTI each time.
This COTI stake will represent a full crypto cycle and this has been a test case seeing what is feasible to achieve over the 4 year period. Personally I would be happy with anything over $200K which would mean a COTI price of $1 so this is going to be a wait and see what happens.
Crypto is a wealth creator when set up correctly and stake is what generates this wealth with the more you have the more you make. Each cycle in theory should become easier as your portfolio grows in size. The next cycle having sold at the peak or close to it and bought back again after taking profits I would like to see my starting point for COTI still at around 200K. With continued growth via rewards and additional staking this would be feasible to have a 650K COTI target for the next cycle.
I have always believed it only takes 2 cycles to make enough money to sort your life out financially and to give you financial freedom. All one has to do is to set up your various staking options and grow them over many years to achieve the profits. We know it is not that difficult to grow the dollar values by 10 x over a 4 year period. One third of the 10 x value generated would be from the growth through the rewards being earned and compounded and the remainder by price action.
