Over the next few days I will be dropping another 2K COTI into the Treasury which will leave me earning around 21 COTI per day which is still short of where I need to be. Still it is nearly $1 per day in real value and grateful for every dollar earned. This could be far more though if I purchase and invest more into GCOTI which is the governance token.
Looking at the larger portion of my COTI stake as there are two other smaller ones not included here I could be earning an extra 10.48% and 12.76% respectively boosting the daily earnings by around 34 COTI maximizing at 55.4 COTI per day. That is more than double and is where I need to be on track to be earning 100 COTI per day by next year.
GCOTI is still not available on the exchanges and I am hoping it will be shortly. One can buy GCOTI via the Telegram group but I have ever been a fan of Telegram so will wait for an alternative method. The hope is the group will vote in November on being able to buy GCOTI directly from the Viper wallet in the Treasury. This makes sense and you could slowly use the rewards to boost the overall APR.
I have done the numbers and in order to achieve and earn 55 COTI per day
I would need to purchase $1550 of GCOTI. If I used the $1550 and purchased COTI with the current APR on offer this would give me 33K COTI earning another 2.4 COTI per day compared to 34 by buying GCOTI. This is the conundrum as if you were selling within the next 24 months you should be buying COTI and not GCOTI for the return. 32 COTI extra over the next 24 months is roughly 24K COTI, but the big but is if the APR increases which it should then you will have made more COTI back plus the investment of GCOTI which will also have value.
The first Private payment Network is weeks away from being launched so the APR will increase due to increased revenue flowing back to the Treasury. Having a use case and realizing the use case will only boost the overall value of COTI. The service fees generated will be sued to buy back COTI from the market and depositing those into the treasury in the form of an increased APR. This will reduce liquidity on the exchanges resulting in a bump to the price.
I may already have enough COTI staked to achieve the 100 COTI per day earning target when the APR is raised. Settling for a set amount is not who I am and will always strive for more by raising the target to 150 or 200 daily COTI earned. Even if COTI reached $1 which I think is the bottom end of where the price is going then it is a little more than pocket change and starts to become more serious.
Crypto projects that offer real monthly income whether it is $2K or $6K are definitely worth the efforts involved especially if these numbers are realised in the future. It is easy once you start the process but then again it still takes years of accumulation slowly building the values required using the compounding effects.
What may seem like nothing to so many knowing what your investment could do and having a clear plan is crucial to the overall outcome. I am sure many feel the same way about their investments in other crypto projects and have done the research required to one day achieve their goals and this project of mine is no different. Crypto offers so much and the idea of one day having financial freedom is worthwhile chasing no matter how much time or effort is required obtaining this end goal.