COTI Could Be A Good One For Later
Personally I think it is important to highlight our favorite coins or investments as there are just so many around these days it is hard to know what and where each one fits in. Knowing the basics can help you make up your mind and it could be something you invest in or not. Either way having the extra knowledge helps us make decisions.
I have been meaning to write about Coti one of my favorite investments for a while now and why I keep adding to the stack. I am around 20 percent of where I need to be which is the minimum staking requirement of 25 000 coins to earn monthly dividends. Obviously I want and need more before the price heads north and becomes even more difficult to accumulate. This is still early on and the latest dip did really help as it like most other coins lost a good 50 percent of it's value.
source Coti is a coin I invested in a few months back and my reasoning may sound strange, but I will try and explain it. This coin is built on the trust chain block chain and what I like most about it is the thought of having stake and receiving monthly rewards directly into their bank card. They are in the process of releasing bank cards currently and I see it as another revenue stream. The price is still low being at around 20c yet with so much development and adoption that price cannot last. I am simple in the way I think and just the idea of having a steady revenue stream which could add up to being a significant amount.
The minimal stake is 25 000 coins which will net around $100 currently per month and see it as a $5 coin minimum in the future. What excites me is the idea of having a bank card being topped up monthly just by having stake. I am like many of us not happy with the current banking system and looking for alternative options and this may not be the ultimate option, but seems like the best available one currently.
Coti is the service provider (payments) for other blockchains like ADA and knowing where ADA is going eventually I can only see a positive outcome. Coti can process more than 100 000 transactions per second with very low fees so I do see it as a payment gateway that will be adopted by millions. Who knows a small investment now could be paid back in just one monthly dividend a couple of years down the line.
The Coti team are closely aligned with ADA and developed ADAPAY but has been fairly slow due to ADA development taking time to develop. Once this is sorted then I see nothing stopping Coti and is still a small market cap coin. I particularly like the idea it is a service provider as I think that is where the real value is for this coin.
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