The leader in Web3 infrastructure, COTI, is thrilled to announce a major community rewards program. For its Native and ERC-20 $COTI holders, the platform will airdrop up to 40 million COTI V2 tokens, which are presently valued at almost $10 million. There is a substantial and enthusiastic community of advocates supporting COTI V2 as an Ethereum confidentiality layer, and the platform is excited to reward them for their vital support.
Monday, March 25, 2024 is when the COTI V2 Airdrop Campaign will start. Soon after the COTI V2 TGE, in Q4 2024, the COTI V2 tokens are scheduled to be distributed. Regardless of whether they are holding Native or ERC-20 $COTI, all Treasury participants will be immediately included to the 40 million token drip. Please take note that the APY rewards for token holders are in addition to this airdrop. To participate, users just need to have a deposit in the Treasury; however, as a token of appreciation from the COTI team for their early support, individuals who made contributions before February 28th, 2024, will earn an extra bonus.
The current APY on each deposit, together with other deposit parameters like multiplier and locking duration, and the quantity of time and activity in the Treasury itself, will be used to calculate each member’s share of the Airdrop benefits.
Ecosystem and Treasury of COTI V2
COTI has emerged as a leading provider of Web3 infrastructure, creating the fastest and lightest confidentiality layer for the Ethereum ecosystem. This achievement in data security is largely due to a cryptographic system based on Garbled Circuits, which protects on-chain data privacy. Ethereum’s L1 provides the most complete data privacy solution while maintaining full compliance, protecting this layer. This innovation is nothing less than the key to opening up whole new applications for the Web3 economy, enabling confidentiality while simultaneously taking full advantage of the trustless and data integrity features of blockchain technology. Applications for decentralized identification, decentralized finance (DeFi), private auctions, data broker analysis (while maintaining data privacy), and even artificial intelligence applications will soon be developed by Web3 firms.
QUOTE ABOUT THE AIRDROP HERE
In order to provide a rewards system to those who deposit $COTI and receive APY in the form of $COTI and $gCOTI, the COTI Treasury was introduced in 2022. Members of the COTI community have contributed nearly $500 million in $COTI to the Treasury, demonstrating the community’s resounding support. The Treasury’s incentives, which let members tailor their ideal prospective APY by adjusting the deposit amount, a multiplier, a lock duration, and an APY increase, have also attracted depositors in addition to its support. Starting on March 25, the team intends to increase rewards even further by providing lengthier lock periods of 180, 270, and 360 days.
The fact that the community’s $COTI ERC-20 token holders without VIPER wallets may now take part in Treasury benefits, including APY and the Airdrop Campaign, makes this campaign more noteworthy. There is still time to visit https://treasury.coti.io/, link a VIPER or Metamask Wallet, and set up a deposit by choosing the amount, multiplier, lock duration, and APY increase (tutorial) if you haven’t already deposited in the Treasury. Individuals who have previously established deposits in the Treasury do not need further actions; nevertheless, they may choose to prolong the locking term of their investment in order to get extra incentives.
In COTI’s path toward a vibrant community of developers and users committed to creating an ever-improving Web3 ecosystem, the COTI V2 Airdrop Campaign is another triumphant step forward. Enormous new Web3 sectors may be made accessible with COTI’s compliance confidentiality layer, propelling COTI, Ethereum, and the rest of Web3 towards global general use. The airdrop is a very sincere way of saying “thank you” to the community for supporting COTI’s goal and honoring both new and seasoned supporters.
