Coti unveils $10 million rewards initiative in aid of v2 token launch

Coti, an Ethereum-based platform focused on privacy, is set to distribute $10 million worth of its Coti v2 tokens to holders of its native Coti (COTI) token. Coti v2 is a layer-2 protocol that prioritizes privacy and enables secure transmission of sensitive data on the Ethereum blockchain for Web3 applications. The company recently announced a community rewards program, which will involve airdropping 40 million Coti v2 tokens to existing COTI holders, including those with ERC-20 tokens. The airdrop campaign will begin on March 25, with distribution of the tokens scheduled to start in the final quarter of 2024 after the token generation event. Eligibility for airdrop rewards extends not only to COTI tokenholders but also to treasury participants. Coti emphasizes that the airdrop is in addition to the annual percentage yield rewards for tokenholders. The rewards for each investor will be based on their level of engagement within the ecosystem. Coti sees the launch of Coti v2 as a pivotal moment for unlocking new use cases for the Web3 economy through enhanced confidentiality. Furthermore, the company plans to extend rewards by offering longer lock periods of 180, 270, and 360 days starting from March 25. In January 2024, several protocols, including AltLayer, Dymension, and Jupiter, offered token airdrops totaling $700 million in just one week. As a result, crypto users seeking airdrops are advised to conduct thorough research on the projects they intend to invest in and to be cautious of accounts impersonating established crypto projects that often make unrealistic promises of high returns.