In a significant move within the Web3 infrastructure space, COTI has announced an upcoming airdrop campaign with a staggering value of over $10 million. The platform is set to distribute approximately 40 million COTI V2 tokens to holders of its Native and ERC-20 $COTI assets. This initiative aims to reward the community for its continuous support and commitment, particularly for the vital role they play in the success and adoption of the COTI V2 confidentiality layer on Ethereum.
Scheduled to commence on March 25th, 2024, the COTI V2 Airdrop Campaign is designed to include all Treasury participants, who have been instrumental in the platform’s growth. Holders of the Native or ERC-20 $COTI tokens who have made deposits into the Treasury will be eligible for the airdrop. This generous offer comes in addition to the existing Annual Percentage Yield (APY) rewards for token holders, underlining the platform’s commitment to rewarding its community.
The airdrop’s execution is planned for the fourth quarter of 2024, following closely on the heels of the COTI V2 Token Generation Event (TGE). To qualify, users must have a deposit in the COTI Treasury. However, those who contributed before February 28th, 2024, will receive an added bonus, highlighting the platform’s gratitude towards early supporters.
COTI V2 and Its Ecosystem
COTI has established itself as a prominent player in Web3 infrastructure development, focusing on creating a secure, lightweight, and fast confidentiality layer for the Ethereum ecosystem. This innovation stems from Garbled Circuits, a sophisticated cryptographic protocol that ensures the privacy of on-chain data while maintaining full compliance with existing regulations, thanks to the security provided by Ethereum’s Layer 1.
The introduction of COTI’s confidentiality layer is poised to revolutionize the Web3 space, enabling new use cases such as decentralized identity verification, private auctions, and data brokerage analysis without compromising data privacy. These advancements are expected to significantly contribute to the broader adoption and development of Web3 applications.
Launched in 2022, the COTI Treasury offers a structured rewards system for $COTI and $gCOTI holders, attracting over 500 million $COTI deposits from the community. The Treasury allows members to customize their APY potential through various settings, such as deposit amount, multiplier, lock period, and APY boosts.
In response to community support, COTI plans to introduce extended lock periods of up to 360 days starting March 25th, further enhancing reward opportunities. Moreover, for the first time, ERC-20 $COTI holders without VIPER wallets can participate in both the APY and Airdrop Campaigns, expanding the initiative’s reach. Overall, COTI’s latest airdrop campaign marks another milestone in its mission to develop and expand the Web3 ecosystem.
By rewarding both new and longstanding community members, COTI aims to foster a vibrant and engaged community dedicated to the future of Web3 development. This initiative not only demonstrates the platform’s appreciation for its community but also sets the stage for the widespread adoption and application of blockchain technology across various sectors.
For those interested in participating in the airdrop or learning more about the Treasury’s benefits, visit the COTI Treasury website for detailed information and tutorials. This campaign is a testament to COTI’s commitment to its community and its vision for a privacy-respecting, decentralized future in the Web3 space.
