307 followers?
$Coti โs community is stronger than this.
Weโre giving away $gCoti! HELP US OUT!
Please share and RT.
Letโs make the second instalment of the competitions even bigger!
It happens that I get a "ranter" in the comments when I post something about $coti
Most of the time I ignore them - this is still very much a bear market and most of us are bagholding/deep underwater/down bad. It's difficult not to get stressed/angry/emotional and IMPATIENT and I totally understand that. I am also aware that it rarely serves any purpose to engage.
I'm not sure this is any different, but I will engage anyway and give my view on some of the comments made by @hedgefunder01 . I think some of the points could merit some discussion.
First though, I need to make an overall point:
You invested in $coti for a reason. If you think something has changed for the worse - exit your investment. Also consider that you're commenting (positively or negatively) on the incomplete version of what $coti will be. A bit like a 500 pcs jigsaw puzzle, where you have only matched about 30 pieces.
Anyways..
What's the point of $gCOTI? Do we really need it? It's watering down the value of $coti..
Some projects have a governance token, some don't. I don't see why COTI shouldn't have a token with multiple utilities. After all, there will eventually be 100's if not 1000's of (enterprise) tokens on CMD. If we want to this to be a community-oriented eco-system, governance is important however you design it.
I really don't see how any of this would water down the value of COTI, and you fail to put a proper detailed argument as to why that would be the case. The native token is the fuel that runs the machine, so to speak. That won't change.
Is COTI overvalued or undervalued?
If we were to value any cryptocurrency they way Microsoft is valued - then all crypto is GROSSLY overvalued. You will not find one single crypto that is undervalued or fairly valued - not even Bitcoin.
That's not the correct way to look at it, though. Crypto is a fundamentally new (and hopefully fairer) way of looking at money. At it's best one of crypto's main purposes is to give those with less means a fairer and easier way to make it in life - to live in decent accomodation, to have access to credit, to be able to participate in the overall market place.
Crypto is in its infancy, with very little history making it impossible to value correctly.
Some comments about COTI treasury:
The amount of rewards distributed is always equal to what is generated in fees. That's the model.
I personally didn't like when leveraged staking was introduced, and to some extent the APY boosting capability of gCOTI is fixing that. whether intentional or otherwise.
Personally, I am X1 360 days. I am making the bet that eventually the rewards will be valuable enough to constitute a proper passive income.
As with any other investment, I could obviously be wrong.
COTI Team is just using gCOTI to raise more cash:
This may not be commonly known, but COTI is financed by outside investments, as well as their in-house trading algo. Between the two, they make enough money that they can funnel all the fees generated back to their users.
If gCOTI was "just" meant to be a money maker, we would have seen it a lot quicker!!
These are my thoughts. I know i'm not gonna change @hedgefunder01 's mind and that's ok. He is entitled to his opinion!!!!
Nothing wrong with having adult discussions around the project :-)
As always, I am gonna preach patience. We are miles away from "only up" and "to the moon" in my opinion. Look at the fundamentals. If they remain positive or even improving - just stay the course. If you think you have bet on a loser - set it free. It's not worth the stress being invested in something you don't really believe in.
Have a great week, and stay $coti
๐๐๐๐๐๐: ๐๐๐ฅ๐๐๐ซ๐๐ญ๐ข๐ง๐ ๐๐จ๐๐ข๐๐ฅ ๐๐๐๐ข๐ ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐จ๐ซ๐ฌ ๐๐ง๐ ๐๐๐๐ซ๐๐ฌ๐ฌ๐ข๐ง๐ ๐ ๐๐๐๐๐๐๐ค ๐งต
Yesterday, we had the pleasure of announcing the 20 winners from each of our social media platforms (Twitter, Discord, and Telegram) who have shown unwavering support and made significant contributions to the COTI community.
We appreciate everyone's enthusiasm and engagement during this campaign.
However, we understand that there have been concerns raised by some users regarding the selection process.
We want to address these concerns and provide some important points for your consideration ๐งต
#StayCOTI
In the sprit of such an incredible act of kindness, i shall be doing a small giveaway of 4000 $coti + a super surprise NFT from my Onadracs collection!! ๐งโโ๏ธ
Rules:
1. You DONT need to follow me
2. Just hit reply with the flag of your country
3. 48 hrs from now i do the draw
Note:
I need a link to a draw-software to make sure itโs all done fairly and squarely ๐ if anyone could be so kind๐๐ผ
I truly appreciated the update ! Itโs unusual & refreshing to see @shahafbg talk about the current news regarding crypto
Now please explain why investing in $coti is worth it & not only for staking reasons.
I d love to hear a comprehensive explanation of how the fees feed $coti
COTI's CEO, @shahafbg talks about recent events in the crypto world, and shares some COTI updates including Ledger, gCOTI and the upcoming APY Boost and DJED.
Watch here: https://t.co/3EDuglxIxt
$COTI $gCOTI $DJED $SHEN