🍭Token utility
By owning Coinstancy tokens, customers can benefit from numerous customer advantages at 3 levels:
Fish level
10.000 COTO Stablecoin: +0.5% APY
Fees: -5%
Referral: +10%
Dolphin level
20.000 COTO Stablecoin: +1.5% APY
Fee: -15%
Referral: +15%
Shark level 40.000 COTO Stablecoin: +2% APY
Fees: -20%
Referral: +20%
Decentralized governance will also be introduced in the future. This system will enable COTO token holders to have an influence on certain decisions submitted by Coinstancy. These will include minor decisions on the management of Coinstancy and its new offerings, in the first instance.
DAO-related activity (proposal submission, voting, proposal acceptance) will be rewarded.
DAO : 9.863 COTO/day during 5 years (see “Cashflow”)
COTO holders can earn rewards in two different ways: liquidity providing and staking their tokens.
Both methods will be incentivized via staking rewards and liquidity providing rewards until allocations are exhausted.
Liquidity providing : 27.945 COTO/day during 5 years (see “Cashflow”)
Staking : 24.657 COTO/day during 5 years (see “Cashflow”)
When COTO tokens are withdrawn from staking, an unstaking period of 21 days will be observed. During these 21 days, no interest will be paid and the unstaking cannot be cancelled.
At the end of the 21-day unstaking period, the token holder has 48 hours in which to remove the tokens from the staking module. If the tokens are not removed within this 48-hour period, they will be staked again and will have to undergo a new unstaking period.
IMPORTANT - Staked tokens are subject to the conditions set out in the “Coincare module” section.
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