- Summary:
- The COTI V2 airdrop, scheduled for the fourth quarter of 2024, will see the campaign give out 40 million COTI V2 tokens.
Web3 infrastructure leader COTI is excited to announce a significant community rewards initiative, with the platform airdropping up to 40 million COTI V2 tokens, currently worth approximately $10 million, to its Native and ERC-20 $COTI holders. The need for COTI V2 as a confidentiality layer on Ethereum has resulted in a large, vocal community of supporters, and the platform is thrilled to reward that critical support.
The COTI V2 Airdrop Campaign will begin on Monday March 25th, 2024. The planned distribution of the COTI V2 tokens will take place in Q4 2024, shortly after the COTI V2 TGE. All Treasury participants will automatically be included in the airdrop of 40 million tokens, whether they are holding Native or ERC-20 $COTI. Note, this airdrop is in addition to all APY rewards for token holders. Users simply need to have a deposit in the Treasury to participate, but those who have made deposits before February 28th 2024 will receive an additional bonus as a show of the COTI team’s gratitude for their early support.
The Airdrop rewards will be determined for each member through a combination of each deposit’s current APY, the other deposit settings including multiplier and locking period, and the amount of time and activity spent in the Treasury itself.
COTI V2 Ecosystem and Treasury
COTI has quickly become a major Web3 infrastructure developer, building the lightest and fastest confidentiality layer for the Ethereum ecosystem. The key to this data protection breakthrough is a cryptographic protocol that is derived from Garbled Circuits, allowing for the privacy of on-chain data. This layer is secured by Ethereum’s L1, which creates the most comprehensive data privacy solution that maintains full compliance. This breakthrough is nothing less than the key to unlock brand new use cases for the Web3 economy, allowing confidentiality while utilizing all the data integrity and trustless benefits of blockchain. Web3 companies will soon build applications for decentralized identification, DeFi, private auctions, data broker analysis (while protecting data privacy), and even Artificial Intelligence applications.
QUOTE ABOUT THE AIRDROP HERE
The COTI Treasury was launched in 2022 to provide a rewards structure for those wishing to deposit $COTI and earn APY in the form of $COTI and $gCOTI. As an indication of the COTI community’s overwhelming support, members have deposited over 500 million $COTI into the Treasury. In addition to support, depositors have also been drawn to the Treasury by the strength of its rewards, allowing a member to customize their desired potential APY by setting the amount to deposit, a multiplier, a lock period, and APY boost. The team plans to extend rewards even further by offering longer lock periods of 180, 270, and 360 days starting 25 March.
This campaign is also notable because for the first time the community’s $COTI ERC-20 token holders without VIPER wallets can also participate in Treasury rewards, both APY and the Airdrop Campaign. For those who don’t have a deposit in the Treasury yet, there is still time to visit https://treasury.coti.io/, connect a VIPER or Metamask Wallet, and set up a deposit by selecting the amount, multiplier, lock period, and APY boost (tutorial). Those with deposits already set up in the Treasury do not need to take further action, but do have the option to extend the locking period of their deposit to earn additional rewards.
The COTI V2 Airdrop Campaign is another successful step in COTI’s roadmap toward a thriving community of developers and users who are passionate about building an ever-improving Web3 ecosystem. With COTI’s compliant confidentiality layer, entire new industries within Web3 can be unlocked, which will continue COTI, Ethereum, and the rest of Web3 toward mass adoption across the globe. The airdrop is a very heartfelt thank you to the community that joins in COTI’s vision, rewarding both new and long-standing members for their continued support.
About COTI
COTI is the fastest and lightest confidentiality layer on Ethereum. Powered by the breakthrough cryptographic protocol Garbled Circuits and secured by Ethereum, COTI introduces the most advanced and compliant solution for data protection on the public blockchain. Paving the way for the next wave of Web3 innovation and adoption, COTI unlocks a whole new world of use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.