$COIN is a company that manages, purchases, and stakes assets in the crypto world. Their main goal is to maximize revenue through staking cryptocurrency. The advantage of staking is the ability to generate compounding returns which, in turn, lead to even greater returns throughout the year.
With proof-of-work slowly being squeezed out of existence due to the high energy cost, inefficient transaction rate, and expensive mining setups, I expect many investors to move their assets into proof-of-stake currencies such as ETH 2.0. In addition to being more efficient, Ethereum is also the most transacted currency due to the rising popularity of NFTs.
The currencies that $COIN already stakes are ETH, SLP, DOT, BNB, Oasis, and AXS. Now what's really interesting is the idea of them paying a dividend based on their staking returns. Tie that with their all-star management team; If they can get the dividend ball rolling in the future, we've got a lot more room to run.
IMO, the current price of $0.48 is pretty low for $COIN. Only a $36M market cap while they continue to grow their staking operations, I'll be keeping a close eye out for another entry point here!