What is COTI (COTI)?
Treasury Deposits Now Receive gCOTI as Additional Rewards!
I am happy to inform you that starting today, $COTI Treasury deposits will be rewarded with gCOTI as an ancillary fee, in addition to the regular $COTI fee!
gCOTI, the COTI Treasury management token, is also used to increase the base APY of existing deposits by 1600%. This is another milestone achieved for the COTI Treasury.
How is the gCOTI fee structure determined?
The gCOTI fee pool is determined in connection with your current $COTI deposit.
This figure, in turn, is affected by the blocking interval, the coefficient, and also the increase in APY.
A clear breakdown can be seen in the tooltip near the section of your active fees on the treasury page, as shown below:
How are gCOTI rewards distributed?
Unlike the $COTI rewards, which must be claimed quickly, the collected gCOTI rewards are distributed directly into the wallets of users every week. As shown in the figure below, the aggregate displayed in the dashboard assumes gCOTI rewards, which will be distributed in the following week. Any week after any distribution, a new aggregate will appear, showing the distribution of rewards in the following week.
By clicking on the tooltip, you can see how many gCOTI rewards were previously awarded to you in absolutely all previous weekly distributions. The 1st distribution will occur in the following week in the sphere, February 28.
As soon as the rewards are distributed, you can see them in the “Overview” area.
Please be aware that these screenshots were taken in the sphere of the creators, as well as the values entered in them do not correspond to the actual values.
The number of gCOTIs made within a period will correspond to the gCOTI vesting schedule outlined in the press release.
The practical total of the calculated reimbursements, more precisely the total, will be less than the largest amount shown in the vesting schedule, as it is dependent on various conditions, such as treasury deposits, fees paid, and management regulations.
Hypothetical scenarios
To understand how the new concept of retaliation will work, let us analyze several hypothetical scenarios and stipulate their outcomes.
Scenario #1
Bob has a $1,000COTI treasury investment with no lock-up or multiplier, and the current benchmark APY used for his contribution is 5%.
Robert did not increase his own APY in any way by placing gCOTI. The weekly retaliation pooling consists of one hundred $COTI and two hundred gCOTI.
Assuming that the matching value of gCOTI and $COTI is 0.5, in this scenario Robert will be able to acquire 0.48 weekly $COTI rewards in addition to 0.96 weekly gCOTI rewards, which will be sent directly to his wallet.
Scenario #2
Winch recently put in a 1,000 COTI result and also raised his own APY by stacking a hundred gCOTI in Treasury along with a 90-day lockup phase and a 2x multiplier.
Even though the underlying APY is 5%, its proper APY was 15%. Since the auxiliary increase to the APY is 8% (One thousand six hundred % surcharge of ten percent on the contribution), the increased APY is the same 23%.
The weekly pooling of reimbursements consists of one hundred $COTI and two hundred gCOTI. Assuming that the gCOTI/$COTI value match is 0.5, in this scenario the Winch will be able to purchase 2.21 weekly $COTI reimbursements in addition to the 4.42 weekly gCOTI rewards that will be sent directly to her wallet.
Where can I buy COTI?
COTI tokens can be traded on centralized cryptocurrency exchanges. The most popular exchange to buy and trade COTI is Binance, where the most active COTI/USDT trading pair has a trading volume of $131,819,365 in the last 24 hours.
Other popular options include Bitunix and Coinbase Exchange.
What is COTI (COTI)’s daily trading volume?
COTI (COTI) has a trading volume of $268,559,329 in the last 24 hours, down -33.10% from a day ago, indicating a recent decrease in market activity.
What is the all-time high for COTI (COTI)?
The highest price paid for COTI (COTI) is $0.6686, which was recorded on September 29, 2021 (over 2 years).
Comparatively, the current price is 66.99% below the all-time high.
What is the historical low for COTI (COTI)?
The lowest price paid for COTI (COTI) is $0.005563 which was recorded on November 07, 2019 (over 4 years).
Comparatively, the current price is 3,866.82% higher than the all-time low price.
What is COTI (COTI)’s market capitalization?
COTI (COTI) has a market capitalization of $337,073,028 and is currently ranked #206 on CoinGecko.
Market capitalization is determined by multiplying the token price by the circulating supply of COTI tokens (1.5 billion tokens traded on the market today).
What is the fully diluted valuation of COTI (COTI)?
The fully diluted valuation (FDV) of COTI (COTI) is $441,246,413. This is a statistical representation of the maximum market value assuming the maximum number of 2 billion COTI tokens in circulation today.
Depending on how the COTI token issuance schedule works out, it could be several years before the FDV is realized.
How does COTI’s price compare to its peers?
With a price increase of 114.20% over the past 7 days, COTI (COTI) is outperforming the global cryptocurrency market, which is up 0.20%, and outperforming similar smart contract platform cryptocurrencies, which are up 4.40%.
How do I add COTI (COTI) to MetaMask?
By adding COTI (COTI) to MetaMask, you’ll be able to view your tokens, trade on decentralized exchanges, and more. To add them, you need to import COTI as a token.
You can copy the COTI contract address (0xddb342222497e61e1354343bea06989c0789117555c5) and import it manually, or if you’ve installed the MetaMask extension for Chrome, add COTI to MetaMask with a single click on CoinGecko.