All participants in the Treasury are now eligible for airdrop incentives, not just the current holders of Coti tokens.
Coti, a privacy layer built on Ethereum, will airdrop $10 million worth of Coti v2 tokens to everyone who has ever owned the original COTI token.
Web3 apps may securely send sensitive data over the blockchain with the help of Coti v2, an Ethereum layer-2 protocol that prioritizes privacy.
Airdropping 40,000,000 Coti v2 tokens to current native and ERC-20 COTI holders is part of the company’s forthcoming community incentives program.
Cointelegraph has learned that the statement states the launch of the Coti v2 airdrop campaign will take place on March 25. Nonetheless, after the token production event in the fourth quarter of 2024, distributions of the Coti v2 tokens will begin.
All Treasury participants are instantly eligible for airdrop prizes, not just the current COTI tokenholders. Coti went on to say that tokenholders would get the airdrop on top of all yearly percentage yield payments. According to the announcement:
“Users who have deposited funds into the Treasury before February 28, 2024, will be eligible for an extra incentive as a token of appreciation from the COTI team for their early support. Participation is open to all users.”
As of this writing, the entire locked value of Coti’s treasury was around $98.7 million. Each investor’s return will be proportional to their level of ecosystem engagement. They claim that the release of Coti v2 will open up new applications for the Web3 economy by protecting user privacy.
The corporation is planning to give longer lock periods of 180, 270, and 360 days beginning March 25 in order to significantly prolong benefits.
Protocols issued a total of $700 million in token airdrops in a single week in January 2024, marking the beginning of airdrop season.
Several well-known protocols, like AltLayer (an Ethereum scaling solution), Dymension (a multilayer rollup deployer), and Jupiter (a decentralized exchange built on Solana), all provided incentives to their customers, as reported earlier by Cointelegraph.
Before investing in a project, crypto consumers looking for airdrops on X should educate themselves well. Investors should also exercise caution regarding fraudulent accounts that pose as well-known cryptocurrency projects and frequently guarantee impracticable returns.
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