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Binance Offering A Better APR And Not Tempted One Bit by cryptoandcoffee

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· @cryptoandcoffee ·
$33.06
Binance Offering A Better APR And Not Tempted One Bit
<center><img src="https://images.hive.blog/DQmUXnxsdbN3VbPw8QA1BT4nPLRZs9bBMk6yscBCuM8wJVY/FoVYW42WcAAxmuA.jpg"/></center>

23.65% being offered by Binance on COTI when the actual COTI treasury is only offering 9.34%. There is one big difference however as my COTI is in my wallet staked on the COTI treasury and not on a centralised exchange.

<center><img src="https://images.hive.blog/DQmQ5yyjTKjxyZwocJ66xbMB22d6jXHb6R4Skt9JWQtoZnU/Capture.PNG"/></center>

I have no idea how Binance is funding this almost 2.5 x APR as for those who are benefitting all I can say is good luck. Everyone has different goals in what they want to achieve and mine is a secure investment for the future.

The 23.65% is not sustainable long term and expect my investment in the COTI Treasury to fluctuate between 10 and 15% APR long term. Binance is the Erc20 token and not the native COTI token. There are costs involved using the bridge to convert them over or you just have to sell them if you want to swap them over.

It was only 2 days ago we had a 14% plus APR and would expect another top up coming shortly when more ADA fees are paid for supplying DJED and SHEN. There is roughly another $800K in DJED that has been minted plus some that has also been burned. I expect another busy few weeks lies ahead as a total of 11,788,691.4252 DJED is just still too small. Other Dapps in the Cardano eco system have yet to roll out their planned involvement so the numbers are still early days.

I think it depends where your long term goal lies where you stake right now and if you are even eligible for the treasury as certain countries through regulation cannot join yet. If you are long term on COTI then having the stake in the treasury under the control of your wallet has to be the first choice. The GCOTI airdrop is expected over the next month which will boost the APR on offer depending on how many you receive. This could be worth literally thousands of dollars and I don't want to miss out on any. 

If you are looking for a quick flip and to take profit then I think Binance is probably the best option short term. I use Binance staking on a few of my non important part of my portfolio and they are there to sell at some point when the price is right. I don't see a right or wrong here as it all depends on where your head is with regard to holding or selling. 

I am currently earning 15 COTI per day with no risk and would be earning 40 COTI per day on Binance, but the cost of converting over to the native token would eat up most of the profits. The future has to be staking in the project whatever crypto that might be and removing coins off the exchanges for security purposes. Not your keys, not your Crypto is still the most important factor in Crypto.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptoandcoffee/binance-offering-a-better-apr-and-not-tempted-one-bit)
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vote details (205)
@behiver ·
$0.13
RE: Binance Offering A Better APR And Not Tempted One Bit
That is a crazy APR% for that, maybe COTI did a marketing move with Binance. Still, COTI Treasury is the place to hold your tokens, I will let them produce there.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@behiver/re-cryptoandcoffee-3fxg2y)
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@bozz ·
$0.15
I think even if it was an option I would avoid Binance like the plague.  They just announced some not friendly policies towards US holders the other day.  Not cool.
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@cryptoandcoffee ·
$0.03
You guys seem to be targeted a lot lately lol.
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vote details (5)
@djbravo ·
I have researched about coti project itself it is very good and can give us very good profit in coming days and the way we see binance is giving a lot of good APR on it. When we invest in any project, we should wait for a long time, not that someone is going down and we all come out. Everything takes time to succeed.
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@itwithsm ·
$0.15
Have you heard of AXS? though binance is offering bigger APR on AXS staking, but I don't want to put my tokens on centralized exchange. That is why I have staked Some AXS on the project website. But it doesn't mean I don't trust binance, But staking on project website gives more relief.
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vote details (1)
@cryptoandcoffee ·
Yes I fully agree. Haven't looked into AXS as I am still completing COTI. I do one project at a time and have 2 waiting to complete next before I do number 4.

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@talesfrmthecrypt ·
$0.15
> Not your keys, not your Crypto is still the most important factor in Crypto.

When will the lesson be learned? I think long term users of Hive are pretty lucky to have experienced first hand the kind of issues having your crypto on a centralised exchange can bring 
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@cryptoandcoffee ·
Yes we do learn things quickly on here and why it is a good place for early learning in crypto.
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