The Governance COTI token is climbing in value rather quickly as there is not much liquidity available. The latest price is now COTI = 1.8456 gCOTI ($0.0476) which gives a 20% increase just in the last 24 hours.
This was from just 4 days ago where it was virtually 3 GCOTI to 1 COTI compared to now less than double. What is obvious is stake holders are grabbing whatever they can which makes it doubly hard due to the volume available is via air drops and no launch. Normally when a token is launched with an air drop the price crashes as may dump the token as it is seen as free money. This won't happen in this case as everyone needs it as a staking APR booster.
1.362 million GCOTI on Uniswap and if we look at the COTI treasury if every investor staked 1/1 to maximize their returns there is a shortage of 455 million GCOTI to satisfy the needs.
We all know about how price is affected by supply and demand so this GCOTI slowly climbing in value is not going to stop anytime soon. One could argue that GCOTI is actually more valuable than COTI for what it harnesses in sheer earning potential.
The APR booster will rise in value this week to 1600% which means the boost will be worth 19.2% over and above the current APR. All this means is the base APR will drop to compensate what the booster offers so those that have no GCOTI will earn less. Once the new booster APR is updated this week everyone will understand the need for GCOTI and expect it to be on par as a value with COTI within the next week or two.
I have managed to do a deal that will hopefully guarantee supply until I can achieve the 1/1 status and have extras over for the new rewards being earned. This way you will never ever have enough GCOTI due to your daily reward growth.
The plan last week was to buy another 10K GCOTI this week but due to the increase in value I will now settle for 6K GCOTI instead. This will place myself around the 25% GCOTI vs staked COTI and will need to accumulate another 90K, but that is months away so I would need 120K more to cover the growth in that period. This is a never ending cycle of having to buy more to stay up to date maximizing your earning potential. I am not complaining as this would in theory mean I would be closer to my goal of earning 100 tokens per day not imaginable 18 months ago.
Not so long ago back in February last year my goal was staking 15K earning at the then 15% APR netting me 6.2 COTI daily and 21 months on I am contemplating how to achieve 100 COTI per day. This is a prime example of why your goals always need to be adjusted as time plays a crucial part. I am sure the 100 will be achieved and next year will be looking at 150 or 200 as a daily target.
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best place to buy GCOTI dear @cryptoandcoffee.. ok got it unswap seems like liquidity is too low there.
GCOTI has not been launched yet. This is only air drop others are trading or selling. Let me get the swap link on telegram.
If you find any let me know and I will do the same. Will reach out to some of the community for some more. My Node operator contact helped me last week and last night said he is struggling now as well.
I saw that trade and I ignored it. I would have been 2% richer in my wallet. I believe another opportunity will come.
I am not selling them however and only expect the price to possibly drop when the token is launched on a CEX. I grabbed 11K 12 days ago and now going to wait and have funds ready.
The way we saw their coin prices going up a few days ago and now again the way we see their prices going up is a very good sign. In time we will see it go higher within the bull market.