Last night I managed to add around 68K GCOTI to my stake in the COTI Treasury boosting my daily earnings from 93 COTI to a now more respectable 133 COTI. This was the first time using the COTI Bridge so there was plenty of learning done during the process and now I am comfortable with finishing this off matching the COTI and GCOTI one for one. The growth is now up to myself and this is going to be the focus for the remainder of this year and next year depending on what the markets do during that time. Deep down I am hoping there is no change, but as we know the markets do their own thing and we have to work around what happens.
The COTI Bridge was not problematic and recognised the COTI or GCOTI I had in my Metamask wallet immediately and it was only a matter of pushing a few buttons. I do blame myself as I should have played around sooner because there was no tricks with doing this. The bridge took a few minutes to execute and was not that expensive either. I am more concerned when I sell the COTI how much it will cost as it will be hundreds of thousands of tokens being moved and need to keep that in mind by earning extra to cover that expense.
The biggest problem last night was Binance as I have not used Binance for over 12 months and the 6 transactions I had completed triggered a security risk warning and the account has been suspended for 24 hours even after I had a video call with the help desk.
I am not happy or should I say comfortable using Binance as the pop up boxes is what is being used to send the transactions to the taxman. This may not be happening right now, but it is part of their agreement with SARS (South African Revenue Services). I will not be using Binance as my part of my off ramp process and will use an alternative exchange for my day to day dealings if I need them. I have not used exchanges for over a year so finding an alternative besides Binanace will be fairly simple as Binance is no longer convenient.
The aim this weekend is to increase the daily COTI earnings to 203 and then grow these earnings over the coming months to around 240 daily. I would need around 300K COTI and 300K GCOTI staked to make this happen and this will be done fairly quickly.
240 COTI I expect to be worth around $24 sometime soon which is not a big ask being only $0.10c each. it was not that long ago that COTI was holding firm at $0.20c for many months and so much has been developed and added since then.
Privacy and adoption through genuine use cases is what is going to drive COTI over the next few years and I have no concerns about the dollar value of the token. This has not even got started with what is coming and knowing they are a payment service provider offering stablecoins this is going to blow up.
Partnerships and use cases are being announced weekly plus we know there are some big ones waiting in the wings like the work they have done with the Digital Euro and the Digital Shekel. Knowing they are involved with currencies adding the privacy features then there is more big announcements coming after those or even before those become official.
In the meantime all one can do is maximise their earnings and grow as big and as fast as possible before others see what you have seen. Being able to increase the APR so significantly is something I have been waiting to do and at least this is now possible knowing how this can be done.
