Coti launches $10 million bounty program to support v2 token offering. The altcoin project will distribute the reward to token holders via airdrop. In addition to existing token holders, eligibility for airdrop rewards has been automatically extended to all treasury participants.
Coti announced its $10 million reward program!
Coti v2 is a privacy-centered layer-2 protocol. The project enables the secure transmission of sensitive data between Web3 applications on Ethereum via Blockchain. The company announced a community rewards initiative for existing local and ERC-20 COTI holders. In this context, the altcoin project will distribute 40 million Coti v2 tokens via airdrop.
According to the announcement made by Coti, the Coti v2 airdrop campaign will start on March 25. However, distributions of Coti v2 tokens will begin in the last quarter of 2024, immediately following the token generation event. In addition to existing COTI token holders, eligibility for airdrop rewards has also been automatically expanded to all treasury participants. Coti also stated that the airdrop is in addition to all annual percentage return rewards for token holders. Altcoin project, the announcement includes the following statements:
We are excited to announce the COTIV2 Airdrop Campaign, where we will be giving away up to 40 million COTI V2 tokens, currently worth ~$8 million. (…) To participate, users only need to deposit money to the Treasury. However, those who deposited before February 28, 2024 will receive an additional bonus as a token of gratitude from the COTI team for their early support.
Altcoin project will determine rewards based on participation in the ecosystem
The total value of Coti’s treasure was approximately $98.7 million at the time of this writing. The altcoin project will determine rewards for each investor based on their depth of participation in the ecosystem. The company is positioning the Coti v2 launch as the key to unlocking brand new use cases for the Web3 economy through privacy. The company will also provide longer lock periods of 180, 270 and 360 days starting March 25. Thus, Coti plans to expand the rewards even further.
January 2024 marked the beginning of the airdrop season, with the protocols offering a cumulative $700 million token airdrop in just one week. cryptokoin.comAs you follow from , Ethereum scaling solution AltLayer, multi-layer rollup distributor Dymension, and Solana-based decentralized exchange Jupiter were the prominent protocols offering rewards to their users.
Airdrop hunters need to be careful
Meanwhile, crypto users looking for crypto token airdrops on X need to be extremely careful. Experts recommend that users do thorough research on the projects they are considering investing in. Investors also need to be wary of accounts that imitate leading crypto projects and often promise unrealistic investment returns.
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