July Staking Rewards Distributed
We are happy to share that the rewards for the July staking cycle have been successfully distributed on August 1st, 2021.
About a month ago we announced the great news about increasing the staking capacity of each Community node from 8M to 9M $COTI, bringing the total staking pool to 142M $COTI.
COTI’s staking reward model is based on the merchant’s transaction volume that is processed on the Trustchain. It generates fees for node operators and stakers. COTI’s operation remains stable, generating a transaction volume of slightly over $25M last month. The Staking rewards of this month will be the guaranteed rates.
As of August 2021, the full node fees were changed to 0.1% with a minimal fee of 0.1 COTI per transaction, remaining among the lowest in the industry. These fees support our merchants’ current mix type of transactions and will allow the network to accommodate additional nodes and higher staking volumes.
We’d like to welcome the stakers who have joined the COTI stakers’ family and assure you that we continue to strive for COTI’s staking program to keep on being one of the most popular staking programs out there. We’re sorry for the long waiting list to join, and continue to grow our network to allow more stakers to join.
Stake COTI, Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf