Yesterday I farmed and staked 115 COTI and this evening I just farmed and staked another 159 COTI for a grand total of 274 COTI just from having the crypto staked. This is that easy and there are no risks or tricks like learning how to trade.
This may seem like little value due to the prices of crypto right now, but in the future these amounts could be quite significant when the prices start to rise due to adoption and use cases.
The 274 COTI is only worth about $19, but once added to the stake and compounded this helps generate even more. By repeating this process regularly over a lengthy period of time you will be amazed at what type of revenue stream can be generated.
This $19 is more than what the unemployed people receive in South Africa via their R350 monthly grants. This value also matches the minimum wage being R200 per day and yet here we are near the bottom of the crypto price range expecting this to change soon enough meaning we can create far more dollar value.
I have always believed the true wealth lies within the stake and what it can generate for you as an income stream. Forget shouting for the moon as those prices never last and it would just be great to see our portfolios rise increasing the values of the rewards realistically.
COTI I feel is the perfect example as it is becoming an Ethereum L2 token before the end of March and we are seeing partnerships being announced weekly so the upside is rather big and the price has to start going up at some point through demand alone besides what the 4 year crypto cycle is doing.
When I look at the rewards being earned and accumulated I do not see 7c value as this is never a price I would ever consider to cash in and knowing the ATH will be beaten later this year the rewards are far greater than $19.
Every day we are growing our portfolios we are moving even further ahead of those who are not already in crypto which is somewhere between 90 and 95% of the population. How many who are in crypto know about staking and are using this method of growing daily is not everyone either so we are a small percentage who are using these growth methods.
My hopes one day is the stake generates enough to consider this a genuine passive income stream which will boost my real life income and possibly earning myself far more. I genuinely believe within the next 10 years this type of staling will out earn most peoples income and will make all this effort worth while.
This is the true meaning of the early bird getting the worm and why we should all be making sure we are creating value on a daily basis because the opportunities are right here and now to do so. Within 5 years this stake size would have more than doubled because it has taken less than 3 years to get to this point and that would not be factoring in how much that would then be worth which should be plenty more.
Posted Using INLEO