This week will see this figure tick over the 145K mark and I would like to see 150K staked within the next 6 weeks. The swap out for COTI V2 happens within this 4th Quarter and I am quietly confident it will be worthwhile.
Another good week slowly moving forward to my 200K COTI target nearly 72.5% of the way there now. This takes time and cannot be rushed but thankfully we possibly have another good 12 months before we see the peak of this cycle. I honestly do not understand the urgency from so many in crypto because the longer we have the better as we can grow our bags in the meantime.
Back in April I had just over 122K COTI which had taken 2 years to get to that point and now have grown another 23K or close to that number in 4 months so I am still on track for the magical 200K.
My current earnings are just under 40 COTI daily and the hope is this month that at some point this climbs above the 40 mark daily. I am not concerned about price or value right now as it is irrelevant as selling is not an option. There is still a long way to go and once completed the daily earnings should be in the region of 100 COTI daily. This should be worth something by then if we consider the last ATH was $0.66c and so much has been developed since then.
This development value has not filtered through as yet and it will at some point so this is the urgency driving the accumulation. The hope is at some point I can bring funds back to HIVE and have two super sized crypto stakes. This is all about building for the future and not about now.
The GCOTI I am now earning each week is currently only worth around $12.50 or $50 monthly, but this is not for selling as it boosts the overall APR earnings so this is going to be a permanent hold. Crazy to think not that long ago the GCOTI was valued at $0.20c each and do believe that this will bounce back strong and could be a great investment besides the extra value it offers.
The friend who I have been helping stake COTI is still not quite complete as I had instructed him exactly what to do and he is now stuck. I had presumed he was already up and running, but sadly that is ot the case. HTX (Huobi) has suspended COTI for the time being along with some other tokens for upgrades so it should be resolved hopefully in the next week or so. He has slightly more than 5K COTI sitting waiting to enter the Treasury. This will only see him earn around 1 COTI daily, but you have to start somewhere and at least his crypto journey has started.
I am not a fan if using Huobi (HTX) because of Justin Sun, but this is still the cheapest exchange when it comes to COTI fees when withdrawing to the COTI Treasury. They charge a flat rate of 20 COTI which is between 3 and 5 x cheaper than the others. It does pay to shop around because these savings means more tokens are being staked.
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