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Coti Introduces $10M Rewards Project to Back the Release of v2 Token

Coti will disseminate the respective tokens of up to $10 million worth among the holders of local Coti coins through an airdrop.

Jay Hicks

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Coti, a confidentiality layer based on Ethereum, will reportedly distribute its latest token “Coti v2.” It will disseminate the respective tokens of up to $10 million worth among the holders of local Coti coins through an airdrop.

Coti v2 plays the role of a privacy-centric L2 protocol operating on Ethereum. The primary purpose of the respective protocol is to offer secure transmission of sensitive data through blockchain technology across diverse Web3 apps.

Coti Offers a Rewards Program of $10M Worth to Back v2 Token Release

The firm declared that it will soon conduct a community rewards endeavour to facilitate the investors. The respective initiative takes into account the dissemination of up to 40M Coti v2 coins.

The existing holders of local as well as the ERC-20 COTI tokens will take part in the respective endeavour. Nonetheless, the Coti v2 coins’ dissemination will begin in this year’s last quarter.

This will reportedly take place just following the token generation episode of the platform. Apart from the current holders of the COTI token, the eligibility concerning the airdrop rewards is broad.

Also Read: Dubai Launches World’s First Digital Assets Law and Enhances Security Rule

It extends to the entirety of the participants of the treasury. The announcement brought to the front that the airdrop event is an extra event other than the yearly percentage rewards.

Early Depositors to Get an Extra Bonus as a Sign of Gratitude

In addition to this, the announcement disclosed that the consumers just require depositing in the treasury to take part. However, those who already deposited before the 28th of February will get a bonus.

This will reportedly be a gesture of gratitude from the COTI’s team for the early support. At this time, the total value locked of Coti’s treasury is nearly $98.7M. The firm will determine the rewards for investors in line with their engagement in the ecosystem.

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