Staking COTI

Besides staking on COTI mainnet there is an option to buy staking rights on KuCoin as well

For Staking COTI there are several options, but the demand outweighs the supply.

Staking in COTI main net

Staking 2.0 May summary

For the staking 2.0 in COTI mainnet in May, the amount of applied COTI was 5 times higher than the available Staking positions. In my view there are two reasons for that;

  1. COTI has a solid use case with high potential, therefore there are a lot of people holding the token, while looking for future value increase, with no intent to sell quickly. If that is the case, it is better to let the token work for you and generate more revenue.
  2. The staking returns are best in class.
Overview of staking returns

Staking on KuCoin

Besides staking on COTI mainnet there is the option to stake on KuCoin as well. In total another 10 Million COTI can be staked here on top of the 40 Million on COTI main net. With a current circulating supply of close to 500 Million, this means 10% of that can be staked over the two solutions combined.

On KuCoin you cans stake 5 Million COTI with a 30 days term for 18% annualized return and 5 Million COTI with a 90 days term for 25% annualized return. However both staking options where filled up in minutes.

There is the interesting option though to trade Staking Rights on Kucoin. When you stake COTI (or any other token) on KuCoin besides COTI, you receive POL tokens as well.

COTI-90 Days trade contract in KuCoin.

On top of the 25% annualized return on COTI, you will earn an additional 24.45% annualized (changing in time) return on Pol. The staking results both in Pol and COTI are paid daily.

If you are staking COTI currently you can decide to sell your staking rights in exchange for POL through the trade option. If you didn’t have the chance to stake, you can actually buy staking rights through the trade option:

COTI Staking trade option in KuCoin

So it shows here that you can actually buy the rights to stake 2,203.4 COTI for the price of 66.76 POL. The 90 days staking contract still has 67 days to go (May 19). So based on that you can calculate if the investment of 66.76 POL for staking rights makes sense.

If you think it makes sense: Cost < Return on COTI and POL combined, you buy the right of staking and automatically 2,203.4 COTI in your KuCoin wallet will be locked and you will earn daily rewards for staking until the 90 days contract is finished.

Daily staking result on KuCoin

After making a small successful trial yesterday, I will be looking to increase the staking position on KuCoin gradually.

Pynk

On the lookout for new ways to build #passiveincome in order to fund my #earlyretirement, I came across Pynk.

pynk

Pynk is still a Beta version of an investment platform. Their platform is looking for two type of investors:

  1. Time investors
  2. Cash investors

Time investors

The time investors can invest their time into the platform to make predictions on the value of Bitcoin or they can do a forecast on different type of commodities.

By participating in the platform you can get crowd points, which you can use a collateral for earning wisdom point. For logging in you receive points, for answering forecasting question you receive points, but once you forget to log in for a day some points are deducted.

Pynk2

The accuracy of your daily prediction will than define the exchange ratio of your crowd points into wisdom points. The more points you bet and the closer your prediction is to the reality the more wisdom points you earn.

Than once per quarter your wisdom points are converted to Pynk points, which serve as shares in the Pynk investment fund and with that you will get your share in the profits from the Pynk investment fund.

Pynk3

If you can achieve a top 20 result at the end of the month, you can get an additional USDC reward.

The data provided by the time investors are fueling the artificial intelligence, which is a big part of the trade input process.

Cash investors

Soon you will also be able to purchase Pynk points to fund the investment portfolio and to have Pynk to work with your money to earn more. Of course a portion of this profit will be shared with the “time investors”

At this moment I am a “time investor” but as soon as it is possible I will become a cash investor as well with the purpose to achieve my #111Months challenge an retire at the age of 55!

Telegram

Pynk has a very lively community on Telegram and is worthwhile to bring the Telegram page a visit for more info and for becoming a part of this very supportive community

If you appreciate this blog, please use my referral to join Pynk:
https://beta.pynk.io/r/Carapthian

Vision

The vision of Carpathian Basin is to found a brick and mortar Ltd by April 3, 2028 (After concluding the #111Months Challenge.

Carpathian Basin will focus on the following items:

  • Managing a healthy investment portfolio
  • Managing a healthy crypto portfolio
  • Managing real estate
  • Supporting the development and education of local community

Full change.

So what remains the same? The name!

Carpathian Basin is here to stay!

The focus changes.

What initiated the change?

The #111Months challenge was the originator of the change of focus. One thing became clear, the intention is not to focus on one business as apparently I am a multi focus person.

With a considerable hold in Brewdog, being part of the Oh!Live start up. Now supporting CITYUPTAKE as an active agent, while actively investing in stocks and crypto currencies it became clear that I am a serial investor.

#111Month challenge

As the #111Months challenge shows, I want to use this passion to achieve early retirement at the age of 55.

Not to retire, but to stop being a employee and becoming an employer. The base requirements to achieve this are the exact goals of the #111Month challenge. If these goals are achieved, Carapthian Basin will become an official Ltd with its own office.

Focus

The focus will be increasing wealth through smart investments combined with improving the local community by allocating a portion of revenue to this goal.

Time

There are still 102 months left on the #111Month challenge to work out and execute this plan.

This website will be overhauled to show the plan, the bison, the approach and the progress.

#111 Months

In January, I started the #111Months program, to try to be in a position for early retirement in 111 Months.

111 Months

After 5 months I have achieved a blended 4,3% of the final target (helped by the small surge in value of crypto-currency.

The goal is to acquire enough wealth combined with Passive income to be able to retire at the age of 55 (111 months from start) and be able to survive by means of passive income, without eating up the wealth.

The approach is:

  • Pay back existing loans, decreasing negative wealth and having more spendable income to build up wealth.
  • Maintain position in Brewdog shares
  • Maintain and slightly increase position in Crypto
  • Reinvest weekly CITYUPTAKE rewards to increase further passive income
  • Build a position in dividend paying shares.

Besides being able to retire after 111 months, the ambition is to have a solid social media presence by that time as well, so I can retire in my home office and can do investment management, while engaging in the crypto social media. The two chosen channels are:

  • Twitter
  • FriendsterIO

Twitter has been chosen because of the historical Crypto engagement. Current amount of followers is just above 100, the target is to have 500 by the end of the #111Months project.

FriendsterIO has been chosen as I believe this is the future of social media. A young fresh new social media site, with integrated Crypto functionality. Non censored and decentralized. The target is to have 1.000 followers by the end of the #111Months project.

Friendster top post

On way to get more engagement on Friendster is by starting the weekly “Castles of Carapthian” game, which his hit the top of the most popular posts section.

New updates will follow…

 

Change

“Your Life does not get better by chance, it gets better by Change” – Jim Rohn

As mentioned in the previous blog, things evolve. This webpage evolves as well. Started out as a commercial website to sell travel inspired apparel, I will turn it into my personal investment / entrepreneur tracker.

So slowly but steadily I will convert the build up into a site describing the different legs of my investment portfolio, combined with entrepreneurial adventures.

So in time it will consist of pages dedicated to:

  1. Brewdog craft beer
  2. Conventional Pension fund
  3. Real estate
  4. Cryptocurrency
  5. Cityuptake
  6. Ohlive
  7. Carpathian Basin

The goal is to use the combination of these 7 to build up enough wealth and passive income to retire at the age of 55

Transformation

β€œDon’t fear failure. Fear being in the exact same place next year as you are today.” Michael Hyatt

When I started the Carpathian-Basin project it was at a moment I was looking for something more although I am quite successful in professional life and have a happy and adorable family.

Portaholic company logo

I previously tried to set up a company called Portaholic with my two Stepsons after visiting one of them during a Erasmus program in Portugal where we took up the ambition to bring the joy of tasting Port to the Hungarian people. This project came to a stand still just before summer 2018 as the regulation surrounding Alcoholic beverages into Hungary (or any EU country) required too much paperwork and investment before being able to set up a decent company. But this joined exercise infected me with the entrepreneurial virus.

Carpathian-Basin Est. 2018.

Inspired by all travels and life experiences I decided it would be nice to capture these in real life apparel and market it for the wider public to be able to buy it and therefore I looked for a suitable name which referred to my whereabouts and had any relation with traveling or geography. That is how I came up with Carpathian Basin as Hungary, my new home is located in the Carpathian Basin. I started to design and create shirts but on the way decided it is too personal just to sell it and it is better suited for personal usage or for sharing with friends on certain occasions. The upcoming weekend with my former Student room mates is one of these occasions where a custom made T-shirt has a great value.

Lierneux, the destination of 10SC weekend

In the meantime, while designing shirts, the cooperation with my step sons had a new boost and we founded a new company, called Oh!Live. This would be similar style as the previously founded Portaholic, but with healthy products which would be easier to import, organic olive oil. Another quality item, which is difficult to find in Hungary. The launch of our website will happen in the next couple of days.

The logo of Oh!Live

While exploring all the area’s of enterpreneurship, I also became a huge enthousiast of the world of crypto-currency and Tron in particular. This had led me to change from my the focus on apparel to a focus on all things close to me from like traveling, Oh!Live, cryptocurrency, apparel and what ever will come next.

The Crypto Cycle (2)

Exploring Tron – Finding CityUptake

It was August 27, 2018 when I bought my small little stock of Tron (TRX). I bought 7262 TRX at a price of $ 0.0232. This was at the same time that my investment in Nano was down from an original price of $5.09 to $3.20 and Cardano (ADA) was down from $0.266 to $0.095.

I was getting all my knowledge from mainly crypto-currency news apps and some Telegram groups. Once I found the tronwallet.me app I downloaded it from the App Store. It was end of September when I found out you could vote in order to receive additional TRX as voting rewards. It was such an eye-opener to see a possibility to increase you hold just by voting. My stack of TRX already grew close to 50.000 TRX.

I became very active in Reddit and joined the Telegram groups of all the SR candidates as I was hopping from one to the other for optimal voting results. It was the community node telegram which gave the most broad information about Tron and a regular visitor to that Telegram group was Jason Lavender from Cityuptake. He was talking about Cityuptake and how CUT created a system, where you buy a token, where 74% of the token is backed by TRX, which is used for voting on the SR giving the highest return and the other portion is put into a Trade Desk, where Jason as a professional trader generates returns which are shared proportionally based on the amount of tokens held.

I joined the Cityuptake Telegram group as it seemed to be too good to be true. Invest TRX for optimal voting returns and on top of that getting a weekly Trade desk return. As I was still early, they did not yet establish a minimum buy in amount and could participate with a trial amount of 5.000 Cityuptake tokens. The conversations in the group were great and are still great. Trading essentials shared by Jason, a full supportive team of Agents, where one of them forced me to learn a lot of new words (google became my friend again) Crazy conversations with crazy people like Impoose or Ry Sergay. It is both a fun and educational experience to be part of that community.

In due time I have been buidling the stack of TRX and the stack of Cityuptake both by the daily and weekly rewards and by consistently converting some FIAT money into TRX. The daily rewards are used to experiment and invest in TRX based gambling sites, wallet tokens, BeatzCoin, IGG, Poppy and many others, but the only one with consistent returns and consistent value is CityUptake.

Now the only thing is too wait for the TRX value to increase while buidling, to reach the time when the daily rewards will be valuable enough the sustain a relaxed lifestyle which will be the moment for Early retirement πŸ™‚

The Crypto Cycle (1)

Finding Tron

About 10 years ago when Bitcoin was still very young, I first encountered it while scanning the net. I decided to buy some, but due to the difficult process to acquire some at that time I decided not to do so and in the process I lost interest in Bitcoin. And invested in a little brewery in Schotland instead. Big Mistake!

Than 5 years ago I was sitting in a taxi, where the taxi driver asked me if I knew Bitcoin, I acknowledged and he told me that his son was
Satoshi Nakamoto but nobody knew. He told me his son spend 10.000 Btc on pizza’s and still made a fortune and moved to the US. I guess he merged some stories around Bitcoin and made them his own.

Bitcoin was back in my vision field again, but anytime there was news that the prices dropped, I used this to justify to myself that I made a good decision not to buy even though I would already have been a millionaire if I invested my originally planned 250 Euro. And anyway Brewdog was doing well so my investment was not a waste.

Another four years later, around a year ago, my stepson was talking about Cryptocurrencies explaining how Bitcoin went to the moon and came back for a relaunch. He was explaining Cardano as one of the big potentials for the future and at the same time Brewdog was exploring going to cashless bars and it was rumored that they would use Nano for that. Now being fed by two independent sources, my interests in Crypto were reignited and I invested a little money in Nano using a two step process via Coinbase and Binance

Progression of investment, value and profit of my crypto stack

Beginning of May I added some Cardano to my portfolio as things were looking very bright. And then all dropped further again. I left the investments for some months in their wallets and only looked back end of July. That is when my addiction really started. I started to crave for more knowledge. Checked on a daily base Reddit and different variations of Cryptonews. That is when I discover Ripple and Tron. When Tron launched the Tron Virtual Machine, I entered Telegram.

In Telegram I had to navigate myself through all the moon boys and rocket people (but as time progressed they vanished one by one as the rocket to the moon was not coming). But I did find one rocketman I liked, the one which is shown everyday by Cityuptake when they pay out the daily rewards.

But Cityuptake is a story for another day…. The day that I will talk about my journey through the Tron micro-climate

Winter sleep is over

Winter is a slow season.

The days are short, weekdays are spend in darkness as when the sun still shines, your are locked away in your office at work. Driving to work in darkness, driving home in darkness

The weekends are spend mostly at home, with an occasional trip outside when the snow has fallen and the kids have an opportunity to play outside. The other days the kids have to release their endless amount of energy in the house generating a continuous stream of sound.

But now the Sun remains up while driving to work and the sunset can be experienced while driving home. The birds are appearing in the garden, the rosebuds are appearing in the rose bushes. The flower bulbs have woken up and the first traces of green can be seen coming out of the soil.

Travels have been planned. In the coming four weeks we will see Israel, Poland, Sweden, Netherlands, Belgium, Austria & Germany.

Clothes have been designed and purchased.

This T-Shirt will be worn in Israel mid of March:

Next up will be a business trip to Sweden end of March, where I will be promoting my favorite project in the Tron Crypto world, Cityuptake:

Then beginning of April there will be the 10SC-weekend in Lierneux:

Winter sleep is over, travel season begins!!