COTI announces $10 million token airdrop to reward its community

COTI, a leader in Web3 infrastructure, has unveiled plans to airdrop up to 40 million COTI V2 tokens, valued at approximately $10 million, to its Native and ERC-20 $COTI holders.

This initiative aims to reward the platform’s supportive and growing community, recognizing their crucial role in the development and adoption of COTI V2 as a vital confidentiality layer on Ethereum.

Scheduled to commence on March 25th, 2024, the COTI V2 Airdrop Campaign promises to distribute the tokens in Q4 2024, following the COTI V2 Token Generation Event (TGE).

Eligibility for the airdrop includes all Treasury participants, covering both Native and ERC-20 $COTI token holders.

The determination of airdrop rewards will consider various factors, including the Annual Percentage Yield (APY) of each deposit, deposit settings like multiplier and locking period, and the participant’s engagement and activity within the Treasury.

Enhancing the Ethereum ecosystem with COTI V2

COTI has established itself as a significant contributor to the Web3 infrastructure, focusing on creating a lightweight and efficient confidentiality layer for the Ethereum ecosystem.

Leveraging a cryptographic protocol based on Garbled Circuits, COTI V2 ensures the privacy of on-chain data while maintaining full compliance and integrity, paving the way for innovative use cases in decentralized identification, DeFi, private auctions, and more.

Expanding Treasury rewards

The COTI Treasury, launched in 2022, offers a structured rewards system for $COTI depositors, who can earn APY in both $COTI and $gCOTI forms.

With over 500 million $COTI already deposited, the Treasury’s attractive rewards program enables members to customize their potential APY. Starting March 25, the Treasury will introduce extended lock periods of up to 360 days, further enhancing reward opportunities for community members.

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