Perseverance Is All It Requires

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My second largest crypto stake by value after HIVE is COTI and thigs could not be going any better with regard to earnings. When I first got involved I was seeking just $25 monthly being a number I could build from. This is all about long term passive income and why I originally chose this project because of what it offers through real world use cases.

The latest phase or transition that COTI is currently going through is moving from a DAG based token to a Layer 2 Ethereum token which will be known as COTI V2. The reason behind this is the new privacy features the token now offers and this will be going through a Dev Net phase over the next 2 quarters with the expected release of COTI V2 in the 4h quarter later this year.

The good news is this is all forming part of an airdrop and those who have staked will slowly have an ever increasing APR. Unfortunately last weeks unlocked stake was stuck in no mans land and the COTI team are working on it so hopefully this stake will be re staked by the end of the day. I have selected longer lock up periods because of the higher APR on offer and knowing that if I broke the unlocking date in order to sell the penalties are minimum being around 0.25% to 2% depending on the time left in the locking period. If you are earning an extra 4 or 5% and pay a penalty of 1% then it is a no brainer.

The Treasury base rate for the 270 day locking period is a very decent 6.75%before all the add on bonuses. The upside is my one locked stake falls due next week Tuesday and I can then take advantage of the increased APR. This would mean an extra 3.11% taking the APR being earned to 9.3%.The other stake is earning far more than I thought possible now sitting on 27.23% earning 46 COTI daily.
 

 
The overall earnings will be 62 COTI daily if the APR stays as it is and that in itself is mind blowing. Just thinking that is nearly $200 per month when I first had hoped for a $25 monthly return. I can see this becoming a great income earner with the potential to offer more than $1K monthly and why it is important to keep on accumulating and growing increasing the size of the stake which ultimately increases the daily rewards.

I think this is what perseverance looks like because I have kept at this crypto accumulation game on this project for well over two years and now the proof is in the pudding. In the beginning you have your goals set which at some point have to be adjusted as each goal is achieved and you end up with something holding a significant value.

We have no clue what can be achieved because new opportunities keep arising from nowhere as development rolls out and why once you find an investable project you stick with it. We are extremely lucky being involved in crypto this early and we are not only learning new skills, but having fun at the same time. When you actually start seeing the fruits of your labor the enjoyment factor rises to another level and helps boost success.
 
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