This snap shot token from 11 months ago shows that the COTI Treasury had 527 million COTI locked up and staked. Fast forward to present day and I am asking myself what happened as the TVL has decreased by over 20%.
So I guess the diamond hands sold and took profit and have not bought back in which is fine by me. It looks more likely that this figure was the locked up stake for the air drop and once that was over they sold.
Everyone has a different strategy in crypto even though I believe this to be one of the crypto tokens I expect to do very well in this upcoming Bull Cycle. Thee is too much gong on to ignore especially with the COTI token moving to become an ETH L2 token in Q1. That alone would add value without all the extra additions of their privacy technology.
You often wonder do people actually follow any news on their investments or just look at the dollar value? I guess the 20% drop in TVL is more telling and answers that question. If they only knew what was taking place ad also they have forfeited the extra bonus swap which from my calculations would be around 10%. If memory serves me right there is 40 million COTI V2 tokens being rewarded to those having stake and this 414 million COTI figure as far as I know includes those who are staked in the other Treasury for those that could not be included due to regulations. Older investments get slightly more so don't quote me if you receive slightly less.
Over the last 11 months I have been heading in the opposite direction accumulating wherever I can with an urgency to increase the stake. Back in November of 2023 I had less than 120K COTI and have slowly inched my way towards 154K COTI. I am sure others have also been accumulating along with others buying in which means that the drop would have been far greater than 20%.
Another big reminder looking at the November 2023 screen shot is how the APY has changed with the inclusion of the GCOTI booster which we see now. The 3% is on my case now worth 6.58% (rose by 0.02% overnight) plus the 3.3% provided by GCOTI totaling 9.88% and climbing every week. Maybe with a little luck this will be 10% before the weekend which for a staking project is considered a very decent number. Many are earning more than 10% because the APR on offer for a 1/1 with GCOTI and COTI on a level 1 no risk is a massive 32.83%. That would be nice, but I never saw this as an achievable target as I see COTI as the real value investment. The cost would be $5204 to achieve this and I would rather purchase 38.6K COTI instead.
