Hey All,
Let me start this post by reiterating that COTI is being migrated to EVM [Ethereum Virtual Machine] L2 solving blockchain privacy with Garbled Circuits which is 1000x faster & 250x lighter than other current privacy solutions. And all of this is coming anytime soon i.e. Q1 2025 and we are almost closing this month. Recently the COTI team gave this update about - COTI’s V2 Node Ecosystem is Coming and Everyone is Rewarded and this is in preparation to migrating to COTi v2. What this means is that all the parties involved here from License owners, license stakers to the the users who are staking their #COTI token in treasury are going to be rewarded. The following image clearly shows that as to how its going to work.
There would be folks who will own Licenses that come in two forms: Full Licenses and Lite Licenses. Full License users can run a node or can assign their license to another node for rewards where as a Lite License holder cannot run a node but can assign their license to another node operators for #coti rewards. At the moment the price of the nodes are not known but I guess we will come to know about in coming days. Moving forward the node operators can run staking pools aka as Treasuries, with customized rules that determine the terms for staking, locking periods, and fees. And finally the #COTI holders can stake their tokens with any of these node operators for rewards. Hence there is everything for all here. Also an important point to note here is that #gCOTI which is the governance token is going to play an important role here as well with regards to the APR boost. Staking at a ratio of 1:1 will allow users who are staking their tokens to earn a higher APR when compared to users who are just staking COTI tokens. Right now here is where I stand in terms of the APR that I am receiving and lets see what the rewards would look like when we have the COTi V2 migration completed.
Yes the APR is above 34% and I am getting an APR boost of 23% because of staking 1:1 [COTI:gCOTI] tokens. My plan ahead would be to continue to reap the rewards once we are onboarded with Coti V2 and stack more #gcoti tokens which currently is trading less than $0.02 cents and later swap it at a higher rate. I did buy and swap COTI tokens for #gcoti and right now I have close to 50K+ #gcoti in my dex wallet. So lets see if we can see some momentum build up for both these tokens. The expectations are higher as there is going to be more visibility on the EVM as L2 token along with the privacy on blockchain being delivered by COTI. There are many uses that COTI is solving and is definitely a project that should be in everyone's radar. I have been accumulating this gem of a token for year now and with a stake of 100K+ for both COTI and gCOTI I am overall happy how things have shaped up so far. I am looking forward to the mainnet launch of COTI v2 now and lets see how things pan out in near future. And before I end this post; here's what being planned next.
Ok this should be it for todays post on - "COTI’s V2 Node Coming - There are Rewards for Everyone. Can we see some momentum build here for #COTI & #gCOTI..." Interested then do yourself a favor to grab some coti and gcoti tokens now before they skyrocket and thank me later....& obviously DYOR... Stay Coti... Happy Investing... cheers
Did you link your Viper Wallet to MetaMask? Are you invested in #COTI token? Did you know about this bridge on the COTI platform that lets you to transfer your COTI from centralized exchange to a DEX? Are you staking COTI vs gCOTI? Would love to hear your thoughts around it in the comment box below?
#coti #gcoti #payment #rewards #treasury #staking #node #howto #transfer #crypto #cryptoofinternet #hodl #binance #bridge #currencyofinternet
Best Regards
Image Courtesy:: coti.pay, congecko, medium, metamask
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects..
