Any Size Stake Will Do

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Thankfully COTI is changing it's staking policy to any size stake will do. Staking currently starts at 25 000 as the minimum which as the price increases is becoming harder to achieve.

Over the last few months I have been growing my crypto portfolio albeit very slowly, but still any growth is good growth. The aim like all of us is to become financially free from the normal 9-5 living experience that many of us face. Surely there is more to life than just paying bills from month to month and the need to experience just that is why I take everything crypto related so seriously.

Over the last few months one project has caught my eye being COTI and it was the staking potential more than anything else to be truthful. Price wise I have no worries as I have full confidence in the team behind it and what they are doing.

The one problem was the amount that needed staking as the smallest staking amount available was 25 000 coins. Even at 10c that is still $2500 but it didn't stay at that price point for long climbing to 20c and then 30c until today sitting at around 60c. That is now costing $15 000 to achieve the small staking amount which is most likely still cheap at where it is still heading.

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This will be available before the end of the year apparently.

This morning I saw a tweet from one of the newly appointed node operators stating that the small cap of 25 000 will disappear shortly allowing any amount to be staked using the Viper wallet. 15% is a decent return as even our own HBD is at 10% APY which is regarded as very favorable. The new nodes will now be able to handle 151 million COTI staked and hopefully more will be added over the coming months. The Total supply is 2 billion so only 7.55% can be staked which is still insufficient for what is required. Some exchanges have offered staking at only 2% APY which is still better than nothing whilst waiting for this to happen.

The thing is if you are going to invest into somehting you may as well stake as there is no point in just holding as it is costing you. I see many investors including those on Hive who have bene staking over the last few years being able to at some point earn a passive income or maybe a decent income. This obviously all depends on the size of stake and what that particular stake allows you to earn.

Not everyone is a DeFi fundi and trying to work out impermanent loss is not that easy. Everyone however can stake and earn through compounding which is the next best thing to DeFi if you ask me.

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