Loyalty Staking Bonuses
This week during one of the podcasts COTI revealed that the COTI V2 airdrop will have some major benefits for those that have stayed staking within the treasury. They called it a "seniority grade" for those that have been staking since the last GCOTI airdrop. I guess that would roughly be those that have been staking for a year or more because my COTI locked for that particular airdrop becomes unlocked from the 28th March. I have 3 different stakes with 2 smaller ones with unlock dates right up until the 10th April.
My other stake which is excluding the locked stake has been accumulating separately from the 10th April so that is also nearly 12 months old and expect this will be combined in one pool when the unlocking happens.
This is actually perfect timing and I guess this time period was planned for the release of COTI V2 as I cannot see anyone selling now that their stake becomes unlocked. My stake has been in the COTI Treasury for just on 2 years already and I am not going to unstaking.
Now is not the time especially with the COTI V2 airdrop scheduled for the end of this month. This as I mentioned before will most likely be the most lucrative airdrop I will ever receive surpassing the 18K HIVE when we moved blockchains way back on March 20th 4 days shy of 4 years ago. How time flies when you are busily involved. That 18K seriously helped boost my Hive progress as it allowed me to sell the other coin even though it did drop in value very quickly and was worth around 12K Hive by the time I got that completed.
Nearly 1/3rd of all COTI is currently staked and expect this number to rise significantly when the Treasury opens up to include ERC 20 tokens as well before all being swapped for COTI V2. The earlier you do this the more you will be rewarded so I don't expect to see any normal COTI or ERC 20 tokens available by the end of April/May as they will be replaced by the new token. We all know what happens when liquidity starts to dry up and this will only add to the buying pressure.
Like I mentioned previously I see no reason for anyone dumping when their stake becomes unlocked because if you had the mindset to lock it up for 12 months then you are not thinking of a quick buck. Many may not lock up their stake again for the same length of time because of the Bull market and taking profit is on most investors minds. I don't see any risk with a good 6 month lock up period taking my stake to around September before it is available again.
The rewards are too good to pass up especially if COTI does have a $ sign in front of it really soon. No one quite knows when the peak of this cycle is going to happen with many saying late next year ,but you can also never be too sure and need to be prepared for any date within the next 20 months.
Posted Using InLeo Alpha
I finally move the rest of my COTI over to my metamask wallet the other day.
Good so you are getting prepared for staking finally which is great news because you have been patiently waiting on the outside for way too long.
No doubt about that!
Worth waiting
Stacking is very important, it gives a lot of support to the project and we also get an extra income. Its price in the market had gone up to 40 dollars.