Above is a screenshot of the COTI V2 TestNet which is actually the MainNet that has been held back for a Q1 launch. The reasons given were COTI would like to be fully audited for bugs and security issues making sure that COT V2 starts off 100% correctly.
This if you think about it gives those building new applications on the TestNet more time to play around and develop a far better product.The transactons I am not too bothered about right now, but more importantly is the number of active wallets. A majority of these people are not necessarily COTI investors who are mainly invested and staked in the Treasury so this is all new people using COTI.
One of the team mentioned he thought the surge in the number of transactions and wallets was related to stress testing the network. It turned out that this was a new client yet to be announced. If one client can bring in 2.6K wallets for testing then I can only imagine the numbers when there are over 100 new clients up and running which will transform and have an instant impact on the COTI eco system.
There is actually so much going on we have no clue about and only being able at picking up tit bits of information. We know COTI V2 is involved with the Cardano Midnight privacy tech offering a bridge between both blockchains.
Yesterday COTI announced what will be taking place n Q1 with regard to the swap over from COTI to COTI V2. I must admit was not that happy about the mention of Metamask being used for those in the COTI Treasury and have already voiced my displeasure with the team. Safety is my concern and who knows what the price of COTI will be in Q1 and I do not want to have any serious dollar value sitting on Metamask whilst a swap over takes place.
From my understanding they mentioned that those in the Treasury have nothing to do and it will be an automatic swap and that is what I expect. I stopped using Metamask years ago and will not be using them again. An automatic upgrade as stated is what we should all expect.
For everyone else there is no change and you will be sorted as well. We will have to see what the deal is and how much extra those of us who are staked will now receive as bonus tokens for the doing the early swap. The big difference for myself and other air drops is I will not be locking my stake due to the Bull cycle and the need to sell this time around. I will not be thinking about an APR when I could be earning a 50 x or 100 x return or possibly more.
The difference being I will sell and buy back returning a much bigger stake to the Treasury once the dust has all settled. This investment is just too good to miss out on and I enjoy the rewards on offer.