All things have changed with the COTI Treasury as it is on pause until the time is right and the Treasury is upgraded whenever that might be. The looking forward to Wednesday each week receiving the GCOTI rewards is no longer and as much as I might miss this I trust the decision to place this on hold.
The 58% of total COTI supply being handed out to those staking and earning in the Treasury being stopped is the right move and in my view is very positive for the future tokenomics of COTI.
Over the last week I have been weighing up my options on what action to take with my COTI stake and have settled on staking at an 18% APR with KuCoin. This was completed today and even though I hate the idea of moving the COTI onto a centralised exchange at least I am still earning 180 COTI daily and can still continue towards the target of earning 240 COTI daily.
Two weeks ago when COTI announced the changes I was sitting on 231 COTI rewards daily and the 240 target was in touching distance. So close yet so far as I now need another 130K COTI to achieve my 240 COTI daily reward goal. This kind of sucks knowing that this is another year away yet I know I will complete the challenge I set myself. This is not that difficult if you give yourself enough time as it does become easier once you are in a routine.
Using the compound calculator it tells me I need to find 57K COTI over the next 12 months to achieve 500K COTI which will give me 246 COTI in rewards daily. The 500K COTI stake was not a number in my wildest dreams yet this is realistic and will be achieved within the next 12 months and expect this to happen within the next 6 months knowing how I work. I have no clue what this may be worth in the future with COTI being very much in the driving seat with Privacy on Demand (POD).
COTI is busy integrating the framework for POD with Solana, Chainlink, Band Protocol over and above the final audits for Ethereum and AVAX. COTI will be doing a presentation at the AVAX Summit in New York next month on the 16th-17th September so my guess is this will be a live presentation with POD being live on the AVAX blockchain by then. This would also mean the COTI POD would also be live on Ethereum having gone through final testing and security audits at the same time as AVAX.
The values will rise once everyone sees how big a deal this is and what will allow institutions to operate on the blockchain using the privacy technology. This is why the Treasury was paused as the important part now is to run with the privacy narrative whilst it is very hot and integrate this with the blockchains. Once others understand what Ethereum and AVAX have then they will follow. This is the reason for the urgency in my accumulation of COTI before the price rises and would impact the growth of the stake.
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