This week I received 174 GCOTI which is used to boost your overall APR and even though this seems like a small amount it still represents growth. Last week this number was 158 GCOTI. The daily COTI rewards are slowly climbing and now up to 33 COTI daily. This takes time, but the ever increasing rewards is slowly happening. The aim of reaching 100 daily COT tokens seems a long way off still, but I am working towards this and will get there some how. I just need the Bull cycle to stay away and more of what we have now would be the ideal growth scenario. When there seems to be no value around people just don't seem to get how important this period is for growth.
Next week my GCOTI Airdrop is slightly bigger with 195 coming my way and is nearly on parity with the weekly COTI rewards. The 1/1 staking with COTI and GCOTI is worth an extra 25.8% so combining these together in theory is offering an extra 1 COTI weekly over and above the reward being earned. This is how compounding works and why it takes time to even notice. Give this another 12 months and you will be shocked at how much extra is being generated.
GCOTI was not an investment I was expecting to amount to very much as I do not think it is a token I will ever sell. The boost in APR it offers is just too valuable to sell off and I have nearly 24K GCOTI which is worth nearly $1700 which will in time generate far more value and why it has to be a permanent hold. 4 months ago GCOTI was trading at $0.15 each which I think is still cheap for what it offers in real value and accumulating as many as possible is a no brainer at this point.
The long term plan is to sell all the COTI taking profits and then buying back cheaper but also knowing you have the GCOTI waiting to boost the APR of that investment. This gives you a decent head start over new investors. I was considering buying more GCOTI but this makes no sense as it would take around 2 years to recoup the investment and COTI is where the taking profits will happen.
I still have 2 months until I can change a mistake I did a few months back when one stake automatically restaked and I was too late to change this. This has cost me around 5.2 COTI lost in rewards daily which is the equivalent of a 624 COTI loss over the locked period. The good lessons you learn are the ones that cost you and this could be a costly mistake when we see the all time highs again.
Currently the COTI community is involved in a vote which will see the COTI Treasury fees being reduced and knowing the community they will vote for this reduction. This benefits everyone who is staked and who is thinking of staking because when it is time to withdraw and sell for profits this will save you what could be a considerable amount depending on the COTI price. This is one investment I am backing the tech to deliver healthy profits.
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