Growing any investment stake takes months which some how metamorphoses into years. This was not the initial plan when I started out my investment and it kind of just happened continuously moving the target as you grow. 30 months ago the target was only 15K COTI and now this has become 200K. This however is still very much a work in progress and will come down to the wire whether I can achieve this goal before the ATH's next year.
The secret behind thinking like this has to be how we work on HIVE and why we are so lucky mainly because we know how to grow. This is a mental mind set most do not have and yet it is now second nature to all of us. I would say we have been well trained and nothing is impossible when it comes to achieving targets.
The 40 COTI he stake s generating in rewards each day is being compounded meaning the rewards earned and also now earning interest which is slowly unlocking the growth numbers. This is the long term thinking unlocking the value over time and the future does look exciting knowing each day you are earning slightly more.
The good news is that within this quarter those that have COTI staked will be offered an early swap bonus which I have worked out should be around 10% for those who have had been staking in the previous GCOTI airdrop. If that works out like I think it does then I am looking at an extra 14K COTI V2 tokens when the swap out takes place boosting my stake to over 160K. Whatever that number ends up at these are free tokens and those are always welcome.
The other big factor that has not been factored in the growth is the APR hat should rise as the new partnerships roll out. We know COTI announced 14 projects earlier this week who are developing using the COTI V2 privacy technology and that there are over 100 projects currently building using COTI V2. Once they go live any fees generated end up filtering back as the base APR which should then rise. I would love to see the APR back at 15%, but at the same time this is all about sustainability and happy for now with the 5.96% base rate.
COTI has done rather well over the last 12 months even though it is still 500% away from it's last all time high. Still the price is down more than 80% and expect this will surpass the last ATH comfortably when we see the bull cycle kick in. How much is anyone's guess and I think the big part of the value will arrive from Ethereum once it is a fully fledged L2 token. This should be happening within the next 2 months and why I am very bullish on this investment.
If you have not researched your investments I suggest you do because having the knowledge of what each investment is doing helps you make informed decisions which could be the difference when we see the ATH's next year.