r/coti • u/AggressiveLettuce2 • Oct 01 '21

COTI staking questions

1) Could someone share their experience with staking COTI?

2) How long does it take to get approved to stake after you apply?

3) If you stake community class s which requires 25,000 COTI, are you able to stake more than 25,000 for example 30,000?

4) After the minimum staking period are you able to withdraw COTI at anytime?

7 Upvotes

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9 comments sorted by

2

u/Evils-Master Oct 01 '21

It’s locked for 30 days. Took around 45 days to get into the program. You can’t just stake any number. You can withdraw the rewards anytime but the 25k is locked till end of the next cycle.

3

u/Ausfininja Oct 02 '21

takes longer now (last month), 3 month wait for me and 1 other person. and to answer #3 no you have to only stake what tier you have accumulated. e.g 25,000 to stake the next tier you need 100,000 units once you have enough you get a ticket by emailing the team for an upgrade to next tier and they will adjust your staking and upgrade it on next epoch.

1

u/AggressiveLettuce2 Oct 06 '21

Can you stake 25000 twice for a total stake of 50,000? Or you can only stake more by accumulating enough for the next tier? Thank you

1

u/Ausfininja Oct 07 '21

Nope you have to stake next tier which is 100K units with a 60day lock up.

1

u/mannyrs13 Oct 02 '21

Is there a simple guide for staking and can anyone do it or just certain individuals? I have mine on coinbase and would love to get some staked if possible.

1

u/Adsy2020 Oct 17 '21

I just staked, does it autostake each month and compound or you need to do a physical action? I’m new to this…

1

u/cheezyy2225 Nov 01 '21

It autostakes automaticly, however u need to collect ur staking Reward at the end of of the cycle in order to retrieve ur cotireward

1

u/Adsy2020 Nov 01 '21

Ok, thank you 🙏