Hey All,
This post is in continuation to my earlier post where I talked about Plan for #COTI - Withdrawal of COTI from Binance and entering the COTI V2 Treasury. And here I am reporting the same that I have successfully added 40K+ COTI & gCOTI to the treasury and right now reaping APR of above 25%. I am mainly taking advatge of the APR boost here by adding in similar amount of gCOTI to the treasury. Have a look at the following image that I have taken from Coti Treasury and it clearly shows the COTi and gCOTi deposited which is above 40K+ along with APR that I am currently receiving.
COTI - Fresh Deposit Made to the COTI V2 Treasury...
Entering to the COTi V2 treasury was pretty simple. I thought it would be somewhat complicated but trust me it was a smooth process. All that was required was to have ECR20 COTI and gCOTI tokens to your metamask wallet. I already had gCOTI in my metamask wallet and as discussed in my earlier post I moved COTI out of Binance to get all the tokens hereto my metamask wallet.
And now the process begins of entering the COTI V2 Treasury. As seen from the above image I am taking 40K+ COti here to be deposited and the Multipler selected here is X1 which means there is not liquidation risk and this multiplier but though the APR will be lower when compared to other multipliers which are X2, X3 and X4. Simply by increasing the multiplier you will multiply your deposited amount by the selected multiplier value. And next what one need to select is the Locking Period. Which is available for 30, 60, 90, 120, 180, 270 and 360 days. Locking your deposit will increase the amount of claimed rewards which means higher APY. I went for an unlocked period for now. But one has the option to select based on their financial strategy. Once all these fields are selected you the right hand side you the final preview on APY, Amount being deposited, locking period, Treasury fees and so forth. If one is satisfied with the details they can go ahead and confirm the transaction and once the transaction is deposited consider yourself entering the COTI V2 Treasury successfully and enjoy the APR rewards. Curious to know about my rewards here ok then worry not I will talk about it as well. For example purpose lets consider what I have currently deposited and the APR.
- COTI 40K+
- gCOTi 40K+
- APR 24%
Total Annual Reward (24% of 40,000 COTI} = 0.24 * 40,000 = 9,600 COTI/year
Lets check on the Hourly Reward - there are 8,760 hours in a year (365 days ร 24 hours), hence the
**Hourly reward= 9,600/8,760 = 1.096 #๐ถ๐๐๐ผ per hour approximately **
I would say not bad at all and when the APR is higher automatically the rewards are going to be more. Plan ahead is to continue to deposit back the rewards and reach to a point of having 50K+ COTI and gCOTI in the COTI V2 Treasury. And as an FYI I already have close to 100K+ COTI and gCOTI in the COTI V1 Treasury. So overall the investment here is growing rapidly. Lets see how things pan out in near future and I guess this should be it for todays post on - "COTI - Fresh Deposit Made to the COTI V2 Treasury - My Strategy Ahead......" 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
Have Your Say on COTI APRs - V2 upgrade is HERE - Link your MetaMask address to your VIPER wallet #COTI, #gCOTI token - HODL Vs SELL?
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 - Fresh Deposit Made to the COTI V2 Treasury - My Strategy Ahead...
#coti #gcoti #payment #rewards #treasury #staking #node #howto #transfer #crypto #cryptoofinternet #hodl #binance #bridge #currencyofinternet
Best Regards
Image Courtesy:: coti.pay, coti discord
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..