Web3 infrastructure provider COTI launches $10 million V2 airdrop campaign until end of March
Posted: March 18, 2024 12:23 PM Updated: March 18, 2024 12:23 PM
Correction and fact check date: March 18, 2024, 12:23 p.m.
briefly
COTI will distribute 40 million COTI V2 tokens, worth approximately $10 million, to native COTI and ERC-20 COTI holders to reward users for their continued support.
Web3 infrastructure provider COTI (COTI) has introduced a new community rewards program. As part of this initiative, the platform will distribute up to 40 million COTI V2 tokens, worth approximately $10 million, to native COTI and ERC-20 COTI holders to reward users for their continued support.
COTI is the confidentiality layer of the Ethereum blockchain. Using the cryptographic protocol Garbled Circuits and secured by Ethereum, the solution provides a compliant solution for protecting data on public blockchains and serves a variety of use cases including confidential transactions, AI, decentralized finance (DeFi), and decentralized identification. .
The COTI V2 airdrop campaign begins on Monday, March 25, 2024. COTI V2 token distribution is scheduled for Q4 2024, immediately following the COTI V2 Token Generation Event (TGE). All Treasury participants will automatically be eligible to receive a 40 million token airdrop, regardless of whether they hold native COTI or ERC-20 COTI tokens.
The airdrop complements all Annual Percentage Yield (APY) rewards for token holders. Users can receive additional bonuses as a thank you to the COTI team for their initial support, simply by maintaining their deposits in the Treasury, with users depositing before February 28, 2024.
Airdrop rewards are calculated for each participant based on several factors, including the current APY of the deposit, other deposit settings such as multipliers and lock-up periods, length of time in the treasury, and activity level.
COTI Financial Compensation Participation
COTI Treasury will launch in 2022 and serve as a platform for individuals interested in depositing COTI and earning APY through COTI and gCOTI. Since then, members have deposited over 500 million tokens into the Treasury. Depositors are attracted to Treasury because the rewards system allows members to adjust their potential APY by adjusting parameters such as deposit amount, multiplier, lock period and APY boost. To further enhance rewards, the COTI team plans to introduce longer lock-up periods of 180, 270, and 360 days starting March 25.
The new airdrop campaign marks another milestone for COTI as it allows COTI ERC-20 token holders in the community who do not hold a VIPER wallet to participate in Treasury rewards, including APY and airdrop campaigns, for the first time.
Individuals who have not yet deposited into their Treasury can connect their VIPER or Metamask wallet and configure their deposit by specifying the amount, multiplier, lock period, and APY boost. Participants who already have a deposit set up in the Treasury will not need to take any further action, but will be able to extend their deposit lock period to receive additional rewards.
The COTI V2 Airdrop Campaign marks a pivotal step toward strengthening the Web3 ecosystem while fostering community engagement and appreciation.
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About the author
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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alice davidson
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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