Edging closer each week to the 200K COTI staking target which has taken this entire crypto cycle. Go big or go home I guess and at least the end is in sight with nearly 88% of the target achieved. This seems like things are moving slowly, but zooming out they are actually moving at a decent pace and the closer you get to the target the slower it seems.
Over the last day or so with the volatility in the crypto market the bonus is we have had some liquidations in the COTI Treasury which has boosted the APR base rate percentage moving from 6.95% to 7.15% for those in the no risk 1 year (360 day) lock up period.
I am no longer complaining about the base level APR rate being low when I have seen the new APR levels being offered for VET staking starting at the end of this month. Those are in the 1.5% - 2.5% range and the with COTI you realise how decent their staking concept is with the additional bonus of having the GCOTI boost worth another 28.57% when staking 1 for 1 with COTI.
This week we received another batch from the airdrop which in my case was 588 COTI which looks like this is being distributed every 2 weeks. This is definitely helping whittle down the target which with rewards will be in the region of 3200 COTI monthly being added to the stake. This is still roughly $200 being added to the bag at these crazy low prices that cannot last for that much longer. Who knows we could go lower with an Israel Iran war added to the mix. We cannot influence the price and all we can do is to accumulate to grow our bags so big we earn even more.
With knowing we have a limited time for this cycle before things change for the better I need to find another 15K COTI if we only have 3 months or so. This I think I can manage if we have a window open until September and hopefully a little longer, but that time frame we do not know.
I don't think you ever have enough time even when you have given yourself 4 years or close to it to achieve a goal. The goal target was about right which is 50K per year and I am 25K short with 6 months to go so this is on track it is just we may not get exactly 4 years and don't expect that. This was a tough target, but at the same time a realistic one even if it prevents you staking elsewhere due to consuming your funds. The saying less is more is my philosophy when investing in crypto by having only a few investments, but those investments are decent sized stakes. If you going to hit it big you don't want a few hundred tokens as that is not going to be life changing unless it is BTC.