COTI launches $8 million V2 airdrop: details

COTI launches $8 million V2 airdrop: details

The COTI team is ready to initiate the largest distribution of core utility tokens from its treasury. This campaign is intended to introduce COTI to a new generation of users, liquidity providers and investors.

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The COTI team is ready to initiate the largest distribution of core utility tokens from its treasury. This campaign is intended to introduce COTI to a new generation of users, liquidity providers and investors.

COTI V2 airdrop begins March 25

Innovative Web3 infrastructure team. COTI has just announced the activation of a major community rewards initiative, with the platform airdropping up to 40 million COTI V2 tokens. This amount is equivalent to about 8 million dollars, at the time of this edition.

The tokens will be airdropped to the native COTI and ERC-20 holder base. The need for COTI V2 as a confidentiality layer on Ethereum has given rise to a large community of supporters, and the platform is happy to reward that critical support.

The COTI V2 Airdrop campaign will begin on March 25, 2024. The planned distribution of COTI V2 tokens will take place in Q4 2024, shortly after the COTI V2 TGE.

The team emphasized that the COTI V2 airdrop will be distributed as an addition to the existing APYs in the COTI protocol.

Related
COTI (COTI) Sees 40% Price Surge Following L2 Privacy Protocol Update

As Guru-Investingpreviously reported, COTI price saw a huge surge after the protocol’s privacy update was activated.

More users will be able to join the COTI ecosystem

COTI Treasury was launched in 2022 to provide a rewards structure for those who wish to deposit COTI and earn APY in the form of COTI and gCOTI cryptocurrency assets.

As an indication of the overwhelming support of the COTI community, members have deposited more than 500 million COTI into the Treasury. In addition to that support, depositors have also been attracted to Treasury for the strength of its rewards, allowing a member to customize their desired potential APY by setting the amount to deposit, a multiplier, a lock-in period, and an increase in APY.

The team plans to further extend the rewards by offering longer lock-in periods of 180, 270, and 360 days, starting March 25.

This campaign is also notable because, for the first time, community COTI ERC-20 token holders without VIPER wallets can also participate in Treasury rewards, both APY and airdrop.

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