Hey All,
Well incase you are not aware then let me tell you that #gCOTI is the COTI Treasury Governance Token. It lets users vote on important decisions in COTI's Treasury. The more gCOTI a user has, the more voting power they get. Earlier I had zero stake in gcoti but now that I have a decent stake i.e. 10K+ #gcoti tokens - I thought it would be wise to give my vote on what I think will be good for the COTI systems overall. So what is the proposal and why voting is need? Well is all about the Treasury Fee Model change this time. The following image will well describe the change that is being requested.
The point to note here is that the changes only apply to deposits and withdrawals of $COTI and hence if this change is passed with majority of the stake holders voting in favor of it then the deposit and withdrawal fees will be lowered respectively as highlighted in the above image.
I decided to vote YES because I believe that lower fees are beneficial for the entire COTI ecosystem. Reduced fees attract new users and help retain existing ones, ensuring they continue to use and benefit from the platform in various ways. As communicated earlier, I am building my #gcoti stake and at the moment all the weekly #gcoti rewards which at the moment is around 134+ are being redirected to the staking pool.
The APRs has increased and next week, I am expecting 150+ #gcoti tokens so that's impressive overall as I continue to buid #hodl both COTI and gCOTI tokens.
The plan ahead is that I'm not stopping here as I plan to keep increasing my gCOTI stake. Every gCOTI I stake boosts my APR rewards hence will reinvest all my weekly rewards back into staking pool and will be looking for opportunites to by gcoti cheap my goal here is to have at least 25K+ $gcoti staked...#coti and #gcoti both to the moon....cheers!
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? Would love to hear your thoughts around it in the comment box below? Cheers
#coti #gcoti #payment #howto #transfer #crypto #cryptoofinternet #hodl #binance #bridge
Best Regards
Image Courtesy:: medium, coti.pay, void, congecko
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in BlockChain & Cryptos and have been investing in many emerging projects.
