Coti Developing And Adding Constantly
Thought this was positive news in my twitter feed today as we all know how the Koreans love crypto.
Those that follow my posts know that I am quite keen on COTI as an investment as it has some serious developments being rolled out regularly. We all know a busy dev team adds value and this team is continuously adding something. The list of things to do meeting targets never gets any shorter as one project completes another is added. I am not worried about this project as I was sold the moment I read up and did my DYOR. Taking time to understand where a project fits in is very important as COTI is more service orientated helping other projects. They are a Crypto bank but do so much more than just that.
Didn't take the Koreans long to start moving the price upwards.
I do believe stable coins are going to be big in the future of crypto and this is where COTI is a specialist in house supplier of stable coins. Already they have the responsibility of supplying DJED to the ADA platform and to their DEFI platform which is expected early in the New Year.
Staking has had a minimum threshold of 25 000 COTI which has been my target to achieve from day one. This pays out 15% APR which is a decent return and shows how good our own HBD really is in comparison. The only difference is HBD should be a constant pegged to $1 in value. COTI could go up or down and being at 40c currently one would expect more up than down at this point. The 15% on 25 000 equates to 312 COTI per month which is not an earth moving $125. COTI at $2 or $5 changes things however and this is my thinking over the coming years.
The one thing about COTI that hit home was the idea of having their debit card linked to your COTI wallet. This would allow easy access to a constant flow of top ups monthly. This is now a reality for many residing in Europe and why I will at some point get my hands on one. There is no rush on my part as I have goals to achieve first along the way.
This came out yesterday and have staked on Binance to help me edge closer to my 25 000 goal. As they say every little adds up and this is another step in the right direction. Slightly misleading as the 35.49% is for 10 days only and lower APR's for 30 and 60 days respectively, but with bonus awards (50 COTI) thrown in on those.
I have managed to sell some LUNA which has done well lately to help me edge closer to my overall goals. I don't see LUNA doing another 10x from here considering how well it has already done and COTI has done nothing thus far and possibly could do the 10x or 20 x still.
The big one is DJED in January and how will it affect the COTI price knowing ADA DEFI is using their services. Keeping DJED stable plus the transaction fees will all be burning COTI in an around about way. $0.40 cents seems like a steal and cannot stop buying them.
This is my personal view and not financial advice so please DYOR and decide for yourself.
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I totally agree with you and I have got a good stack of COTI set aside waiting for an x10 return. Not in a hurry with that and with all they are doing I believe we will get there. Thanks for the 35.49% tip for locked staking on COTI for 10 days but up to 500 COTI max deposit.
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Unfortunately it is only 500 and the 30 day and 60 day is sold out. I guess we have to wait another 28 days before we can get more involved with this. Good to know some others here have COTI as well.
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I literally just bought some COTI earlier today. I did not realize I could stake it, have it on Kucoin for the moment.
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Coti has staking rewards on their trustchain. The minimum was 25 000 for 15% but in January that changes as the treasury is opening up and there will be no minimums anymore. The Binance option is not the best as the 34.5% is for only 500 and for 10 day periods. Better than nothing as the 30 day and 60 day are sold out and have to wait 4 weeks to see if any more open up. Those were at 7% and 9% but obviously there were limited spots. I would wait for the treasury I think as 15% apr paid monthly is pretty cool.
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Very interesting. I have been wanting to pick up some more COTI, but I am kind of waiting for the price of one of my other tokens to go up so I can pick up more. It doesn't help that they still don't have a US wallet yet either. Once that is in place, I should be able to make some more moves.
Yes in January apparently that is happening when the treasury is live. I think you could stake it if you had 25 000 or more lol. I am waiting on Luna a little longer as there is not much holding it back once it hits $115 so who knows. I need 25 000 Coti as my target so patience is required still. At least further ahead at this point than I expected.
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I think I could swing the 25000 COTI right now given current prices, but it would totally tap out my whole reserves of funds.
Yes me as well and rather wait and build slowly. I would have literally nothing left and that is not a good idea having eggs all in one basket.
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I really appreciate this Post. That's the type of post I like. Coti is doing well. I will buy some in my binance account now.
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