COTI, noted for its infrastructure solutions in the Web3 space, is launching a substantial airdrop initiative involving $10 million V2 tokens, scheduled for completion by the end of March.
In Brief
As part of its rewards initiative, COTI is set to offer 40 million COTI V2 tokens—valued at around $10 million—targeted at holders of Native COTI and ERC-20 COTI, to show appreciation for their ongoing commitment.
Web3 infrastructure provider COTI COTI has rolled out a new rewards program designed to engage its community further. Under this program, the platform will allocate up to 40 million COTI V2 tokens—worth approximately $10 million—to both Native COTI holders and ERC-20 COTI supporters as a token of thanks.
COTI operates as a confidentiality layer on the blockchain, utilizing the Garbled Circuits cryptographic protocol and secured by Ethereum, providing a regulatory-compliant solution for protecting data on public blockchains. This innovative approach caters to a range of applications, including confidential transactions, artificial intelligence, decentralized finance (DeFi), and identity verification. Ethereum Mark your calendars! The COTI V2 Airdrop Campaign is set to begin on Monday, March 25th, 2024, with the distribution of COTI V2 tokens expected in the fourth quarter of the same year, shortly after the COTI V2 Token Generation Event (TGE). All participants in the Treasury will automatically be eligible for the 40 million token airdrop, irrespective of whether they possess Native or ERC-20 COTI tokens.
This airdrop initiative is in addition to the existing annual percentage yield (APY) incentives available to token holders. To be eligible, users simply need to maintain a deposit in the Treasury; those who made deposits before February 28th, 2024, will receive an extra bonus as a gesture of appreciation from the COTI team for their early support.
The rewards from the airdrop will be personalized for each participant, taking into consideration multiple factors such as the current APY of their deposit, additional deposit configurations like multipliers and lock periods, as well as their engagement level within the Treasury.
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Launched in 2022, the COTI Treasury has emerged as a hub for individuals keen on depositing COTI and earning an attractive APY through COTI and gCOTI. To date, over 500 million tokens have been deposited into the Treasury. Members are drawn to this platform due to its flexible rewards system, which allows them to optimize their APY by adjusting variables like deposit size, multipliers, lock periods, and additional APY boosts. Additionally, the COTI team plans to introduce longer lock periods (180, 270, and 360 days) starting from March 25, enhancing reward opportunities. Airdrops Calendar .
COTI Treasury Reward Participation
This new airdrop campaign represents a significant step forward for COTI, enabling holders of the ERC-20 COTI token who do not own VIPER wallets to engage in Treasury rewards for the first time, including both APY incentives and participation in the airdrop.
Individuals yet to deposit in the Treasury have the option to connect a VIPER wallet and set up their deposits by specifying the amount, multiplier, lock period, and APY boost. Those who already have deposits in place are not required to take any additional steps but can extend their locking periods for extra rewards.
The COTI V2 Airdrop Campaign marks an important milestone in fostering community involvement and expressing gratitude while contributing positively to the Web3 ecosystem. Metamask Wallet Please remember that the information provided on this page should not be construed as legal, tax, investment, or financial advice. It’s vital to invest only what you are willing to lose and to consult an independent financial advisor with any uncertainties. For detailed information, refer to the terms and conditions along with the support pages provided by the issuer or advertiser. Here at MetaversePost, we strive for accurate and impartial reporting, but market conditions can change unexpectedly.
Alisa, a committed journalist at MetaversePost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast domain of Web3. With her keen insight into emerging trends and technologies, she provides thorough coverage to enlighten and engage readers within the constantly changing landscape of digital finance.
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