Over the last week we saw the COTI price increase which is not that surprising when you know what is happening within the COTI ecosystem and the development taking place. COTI has shared some time lines of what to expect over the coming months and I thought I would at least share them with you keeping you informed. This is a busy period with so much new stuff happening and why it is super exciting to be a part of this project.
This month being February we are going to see GCOTI being distributed as rewards which was first mentioned when it launched. As far as I am guessing reading between the lines this will happen regularly and not just a once off and is a way of distributing the GCOTI that was minted at launch.
GCOTI is important not only as another token to accumulate for your portfolio, but for what it also offers. GCOTI is a booster to the current APR and the extra percentage earned depends on how much GCOTI you are holding and staking against your COTI stake. If you are in the Treasury already and have no GCOTI then you are going to see some arrive very soon. We will be notified when this happens and on what sort of scoring system. Originally we were told it would not necessarily be stake related but also what Trust score your wallet is reflecting which is down to activity.
Many of you know already COTI is changing from a V1 token to a V2 token which is important for many reasons. COTI currently has the COTI native token and the COTI ERC 20 token which does confuse issues slightly. The COTI Native token can be staked earning rewards on the COTI Treasury and the ERC 20 token cannot. This all changes in March which from what has been said will open up the US holders of COTI being allowed to get involved within the Treasury. March is a big month as opening up the Treasury to every investor is paramount to making it fair for everyone.
The COTI V2 token will be an ETH based token which will add a level of privacy due to what it offers. I have mentioned before how this new garbled circuit technology cloaks the users identity hiding their information through encryption. The COTI V2 white paper is nearly ready which will be released in March.
Next week there will be a live demonstration of what COTI V2 offers and this will be the first of many live demos as the technology is added. This is great for understanding what this new tech offers and where it will fit into crypto going forward.
In March the COTI eco system growth plan will unveil new development projects along with marketing ambassadors. Dev Net which is having outside developers develop on COTI expanding what COTI offers goes live in early Q2 which will be great to see what they come up with. Up till now all development work has been undertaken by the COTI team and they will still be there, but not doing everything. This has to move away from a centralized project to a decentralized eco system.