is divided by approximately 3 for 120 days?
Sorry but am I understanding this right?
Sure apy means yearly, your assumption is correct. And also if you do go for 8x remember if the price drops 12.5% you lose your deposit to liquidation and it would be distributed to other treasury stakers in the form of apy. Can be very risky with crypto volatility of course.
2,7% per month with 120 days lock up, multiplier x8, but this is the most risky multiplier here.
Thanks, yes I am still getting around the risks factors, thanks for pointing it out.
Best is apy boost via gcoti safe and secure
Can someone tell me how Coti demand after 4 years of ecosystem developement and building can be lower than at ICO with ZERO ecosystem/treasury/cvix/Djed/gCoti... What went wrong last 12 months, is the monthly volume decreasing? 🤔 Also if Coti price decreases, how can also Apy decrease, means that whole ecosystem is suffering no?!
The value of the token is not directly correlated with the utility of it. I mean in crypto most of the value comes from “marketing”, more you hype higher the value, plus market condition is not helping, people are skint! About the Apy, that’s has nothing to do with the value of the token but it’s more about the amount of transactions on the network. More transactions->More fees-> higher apy And for transactions im including treasury’s deposit/withdrawals/liquidations
You also gotta take the amount of coti in the treasury into account. More mouths to feed + no growth in demand = less for the individual. If Treasury growth > demand growth = lower apy
The „no growth in demand“ part is just an example😉
A 1 year lock period to get a "normal" apy like before gCoti times is crazy long. If price drops 90% in this time it's just more bad and makes no sense at all. A 2.7 % apy with 120 day lock is too low makes also no more sense. While supply inflates more than 2.7% per year... I think earning fees with liquidations (rekkt users, gambling), staking unstaking fees, big lock times, inventing new tokens was the wrong approach. May just offer normal staking as most other blockchains and focus to generate increase processing volume / partnerships / change tokenomics to get the ecosystem working, 100% focus back on Coti token as Core (eliminating gCoti) 🤔 May node runners who earn 20% apy by gCoti don't agree because they think about themself to profit. But if you think with logic... also they should understand their 20% won't help them if whole system suffers and they value goes down 95% because ecosystem not working well. Also people who can't stake at all suffer even more or leave Coti watching this show. Just something to think about for the team, no fud. Ecosystem is not working at the moment as planned.
reducing the apy of node runners, will make no difference on overall apy as the total extra amount the treasury pool would get per year will be arround 375k, it will make a big difference for node runners but the total apy wont increase more than half a %
Rick, every month you’re coming in this group to say that something is wrong here and not working. It’s not fud as you said, but it’s truly is. It was explained hundreds of times to you why gCOTI exists, how treasury works etc. I don’t understand what you’re trying to achieve. We keep building, if you don’t like and don’t want to share out vision, you’re free to go.
It's fine for node runners. That's not a problem at all.
No no that's all good. Node runners should get their rewards. I was talking about treasury apy at the moment. It's not attractive 120 day 2.7%. Also 1 year lock up is not attractive, especially when price dumps 80%+. Some node runners here flex their gCoti Apy, and justify how the treasury is running. As user I don't like it anymore. Users got 8-10% before gCoti for 120 days. Now they are stuck to get a token that was not necessary, or the 120 day is not attractive anymore. Vlad, we are here to discuss, I loved Coti, that's why it's hard for me to see how things developed last year, not fudding, just hoping teams moves maybe back and sees that some mistakes were made. Best thing would be a Governance voting before the changes team made by their own (inventing gCoti, 1 year locks...) Ecosystem is not effective for Coti price that's not a secret. Demand less than inflation pressure. Now that price is lower than ICO without any utility it's time to think about what went wrong and give team feedback together from User perspective.
Voting is one of the gCOTI features and it will be implemented. Once we have any updates it will be shared with community.
My APY has nothing to do with being a node runner The high APY comes from me making use of all the gcoti campaigns therefore having a 1:1 ratio giving me max boost
Coti main utility is gas and its working fine. And apy give more coti not its dollar value. Its bear market bro….lets accumulate coti for future
30% plus whatever they choose to do with those 150k Coti in the treasury. So it could end up to over 40% or even more if they use 2/4/8x So node operators are well rewarded I would say Plus we’re giving away around 250k Coti per year for testnet nodes, waste of money imo
I know, that's what I'm talking about. Node runners are fine. gCoti is a problem. It was not necessary. Bnb also has no second token. You could simply vote by your staked Cotis... No need for gCoti. Also 50% of holders weren't able to get them and it's depressing seeing gCoti main factor for Apy. A token that didn't exist and just has been invented. Also if gCoti, in my opinion it should have just been sent out 100 % to all holders in one go as fair airdrop with no profit just benefit 1:1 to Coti holdings. No years of distributions and lockings, since the real token is Coti. The reason that this is treasury governance and Coti is gas network token makes no sense to me. It's more like an excuse or explanation. Just see BNB or other other blockchains who do very well. No need for a distraction second token for their staking platform.
But this was invented and introduced quick without thinking, and without let community vote about it. I hold gCoti and I would be glad to cancel it all, move back to 100% Coti and simply 120 day locks with fair apys for everyone. Making Coti the one and only core without distraction. A core like Bnb for Binance.
But being a node runner has nothing to do with it, take away my node I still have the same APY
Node runners should earn rewards as always. gCoti is a problem. Always when a team decides to introduce new tokens by themself and change tokenomics leads to problems. Advicing people to leave if not daccor afterwards and that they never revert their wrong decisions is not helpful for community.
Community locked the amount on the screenshot above, to get gCOTI, i guess it explains everything.
Yeah it explains that users trusted Coti big time. At the end the gCoti Airdrop for this campaign was tiny compared to erc20. The locked Coti lost big value, and Apy is same as 120 day lock. This explains the fail of gCoti and why people are leaving and those who don't agree and fight for Coti project be advised to leave.
Retail.has left crypto in general. That's what happens in bear markets
“The locked COTI lost big value, this explains the fail of gCOTI” I’m sorry but I don’t see connection here at all. gCOTI fist feature APY boost was released and a lot of users already did use the feature, voting is also coming and other new features are under development.
New features are under development......I am not an marketeer, but shouldn't Coti's marketing department make use of these new features and create a bit of a hype ? This works so much better then saying ; as of today you have the following extra possebilties in your Viper wallet.
We have marketing department and for sure they know the best when to start pushing things 😉
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