I have one more quick question. So 420 million gCOTI

Question

I have one more quick question. So 420 million gCOTI

are distributed in the treasury over a time of 5 years. That's 84 million per year.

Isn't the current gCOTI APY quite low? Those having a multiplier and/or a 1:1 gCOTI APY boost seem to have about 2% to 2.5% gCOTI APY - so these numbers seem to be on the higher end of the spectrum. There are 524 million COTI in the treasury. If we take 2.5% (even though not everybody has such a high gCOTI APY) that's only 13 million gCOTI distributed within the first year instead of the 84 million.

#coti #cryptocurrency #english

0

21.02.2024

3 ответов

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Stefan | COTI Unity Node (testnet) Y Автор вопроса

Could it be that the given gCOTI "APY" is actually the weekly percentage yield? The numbers would make more sense with that.

0

12 месяцев назад

Stefan | COTI Unity Node (testnet) Y Автор вопроса

Asta
I thought the same but then i thought that probabl...

There are only about 90 million gCOTI in circulation, so only about 17% of the COTI in the treasury can be boosted right now.

0

12 месяцев назад

Asta · Accepted Answer

Asta

I thought the same but then i thought that probably there were a lot of people holding more gcoti than me… but now you’re saying the apy for gCoti goes is around 2.5%. We should know whats the weekly reward pool to understand how many gCoti will be distributed the first year

0

12 месяцев назад

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I have one more quick question. So 420 million gCOTI

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