COTI - Currency of the Internet

03 May 2024 10:27

I am referring to just gcoti

COTI - Currency of the Internet

03 May 2024 10:25

So where can I see total amount earned in viper wallet?

COTI - Currency of the Internet

03 May 2024 10:23

So no position in gcoti in MetaMask

COTI - Currency of the Internet

03 May 2024 09:07

As said. This can‘t be calculated if we don‘t know the numbers for all the deposits and if we don‘t know the actual formula.

But I think you don‘t need to be worried. With an 8x you constantly pay fees and by that will also have much more weight for the third factor where most will pay much lower fees than you.0

COTI - Currency of the Internet

03 May 2024 08:50

If the Team could provide the actual calculations for distributions (including leveraged locks), that would be wonderful. 😃

COTI - Currency of the Internet

03 May 2024 08:48

Not sure about what you are referring to.

COTI - Currency of the Internet

03 May 2024 08:46

I think you are confusing percent and percentage points

10% APY increased by 30% = 13%

COTI - Currency of the Internet

03 May 2024 08:09

You may be confusing 30% **additional APY** with 16% of COTI held

COTI - Currency of the Internet

03 May 2024 08:06

Per your presumptions, what do you calculate as the distribution of COTI V2 for holding 1M COTI x8?

COTI - Currency of the Internet

03 May 2024 07:34

Hi
You need to add custom token.

gCOTI contract details:
Contract: 0xAf2CA40d3fc4459436D11B94d21FA4b8A89fB51d
Decimals: 18

COTI - Currency of the Internet

03 May 2024 07:30

Hi, I am unable to see the gcoti that I have earned in my MetaMask wallet. Is that because I have to add the contract gcoti?

COTI - Currency of the Internet

03 May 2024 07:22

Your example seems to be about more than just holding (a fixed amount of COTI).

COTI - Currency of the Internet

03 May 2024 06:57

https://medium.com/cotinetwork/coti-v2-airdrop-campaign-all-the-details-cdb1cdeacca3

COTI - Currency of the Internet

03 May 2024 06:52

I could imagine it‘s more like this (F= factor, AF = average factor)

F1/AF+ F2/AF + F3/FA)

Example:

200 days/100 days*0.4 + 25%/5%*0.3 + 500 COTI/250 COTI*0.3= 0.8 + 1.5 + 0.6 = 2.9

So if you staked 100000 COTI and a total of 500 million are deposited, your share of the rewards would normally be 0.02% or 8000 COTI. Due to your factor it‘s now 0.058% or 23200.

Another example of a „bad“ deposit:

50 days/100days*0.4+2%/5%*0.3+ 25 COTI / 250 COTI*0.3 = 0.2+0.12+0.03= 0.35

100.000 deposited
Share of rewards would be 0.02% or 8000 COTI but due to your factor it‘s 0.007% or 2800 COTI.

It won‘t be exactly like that but I think it covers the
idea.

COTI - Currency of the Internet

03 May 2024 06:33

I am thinking something like:

Expected Airdrop for just holding = (~30% x 240%) x 9 months x COTI monthly rewards

Where ~30% is the running average APY over the past year

COTI - Currency of the Internet

03 May 2024 10:26

And how can I restake it or transfer it to MetaMask?

COTI - Currency of the Internet

03 May 2024 10:25

If you stake coti in treasury you will receive gCOTI rewards on your address in viper wallet

COTI - Currency of the Internet

03 May 2024 10:22

Hi, I added it about an hour ago to MetaMask. I see it but show nothing in Gcoti. I can see I have received them in my viper wallet.

COTI - Currency of the Internet

03 May 2024 09:02

I’m thinking my calculation is about right since “just holding” is only one of three (technically four) portions (per the article) of the rewards pie.

Would appreciate the actual calculations, though. 😃

COTI - Currency of the Internet

03 May 2024 08:49

👆 ? @cotiunitynode

COTI - Currency of the Internet

03 May 2024 08:47

Just DM eachother, love birds

COTI - Currency of the Internet

03 May 2024 08:34

Source of 24,657 number.

COTI - Currency of the Internet

03 May 2024 08:07

Leverage holder should get lesser?

COTI - Currency of the Internet

03 May 2024 07:54

👆 So, per my understanding and presumptions, a deposit at x8 can expect to receive a distribution for just holding of ~16% of the held COTI.

30% x 240% x 9 x 24,657 = 159,777 COTI V2


Thus, holding 1M COTI = 159,777 COTI V2 as the distribution for just holding.

revised

COTI - Currency of the Internet

03 May 2024 07:30

The global share is already imputed in the APY, and the share of the 40M (?) rewards pot is too tricky to calculate because of the many factors involved. So, not concerned about that level of detail as trying to be that accurate goes too far into the weeds.

Just looking for the simple answer for x8. The Team gave the simple answer to x1 locked for 1 year = +~30%.

COTI - Currency of the Internet

03 May 2024 07:25

In my example, there’s the normal APY (~30%), the presumed x8 of that amount (240%), the number of months (9), and the COTI earned monthly (plug from whatever that is actually).

COTI - Currency of the Internet

03 May 2024 06:57

It‘s difficult to actually calculate it, if you don‘t have the actual averages and the actual formula they are using - but as said, I think it conveys the idea

COTI - Currency of the Internet

03 May 2024 06:54

Revise using the numbers provided in Team’s example.

COTI - Currency of the Internet

03 May 2024 06:42

As the rewards are fixed at 40 million, it also depends on what others do.

Let‘s say there is only one factor, namely holding duration, and everone holds the maximum time, then nobody get‘s increased rewards.

So as most people will
hold the full time, the other factors (total APY and fees paid) will become
more relevant in my opinion.

The weight of each factor will increase, not the total APY. So if everyone‘s factors increase the same nobody gets anything additionally. If the weight of your factors is higher than those of others, you will receive a higher percentage of rewards than them.

COTI - Currency of the Internet

03 May 2024 04:52

From the example provided regarding COTI V2 airdrop:

“Keeping the maximum duration factor but also locking it to the maximum period (360 days) without a multiplier will also increase the airdrop APY factor. This should increase the additional APY by over 30%.”

So, if continuously locked with x8 multiplier, then the additional APY would be approximately [?] ?