Key Points:
Coti v2, a privacy-centric layer-2 protocol on Ethereum, is designed to securely transmit sensitive data across Web3 applications on the blockchain.
The company recently unveiled an upcoming community rewards initiative, announcing the airdrop of 40 million Coti tokens to existing native and ERC-20 COTI holders. Scheduled to kick off on March 25, the Coti v2 airdrop campaign will distribute tokens starting in the last quarter of 2024, following its token generation event.
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Eligibility for airdrop rewards extends not only to existing COTI tokenholders but also to all treasury participants. Additionally, users with deposits in the treasury before February 28, 2024, will receive an extra bonus as a token of appreciation for their early support.
With Coti’s treasury boasting a total value locked of approximately $98.7 million, rewards for each investor will vary based on their level of engagement in the ecosystem. Coti positions the launch of Coti v2 as pivotal for unlocking new use cases for the Web3 economy through enhanced confidentiality.
Coti plans to expand rewards by introducing longer lock periods of 180, 270, and 360 days starting March 25. This move aligns with the recent surge in token airdrops, with protocols collectively offering $700 million in just a week during January 2024.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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