October Staking Rewards Distributed
We are happy to share that the rewards for the October staking cycle have been successfully distributed yesterday, November 1st, 2021.
In the past month, we have revealed some exciting news such as our next milestones, the new version of ADA Pay, and of course, our Mainnet 2.0 launch that will occur today! In addition, we have added a new community node which increased the total staking capacity to 151M $COTI! We were also happy to share the achievement of 30,000 Telegram members, which shows the growth and the health of the COTI ecosystem and community.
As for October’s Staking cycle, the total staking pool reached 151M $COTI. COTI’s current staking reward model is based on the merchants’ transaction volume that is processed on the Trustchain. It generates fees for node operators and stakers, which are distributed according to their staking shares in the nodes. The processing volume in October was slightly higher than it was in September.
We would like to welcome all 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 are aware that the COTI staking program waiting list is long and that it continues to grow along with our community. As our network keeps growing, we will allow more stakers to join in.
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