The COTI Network platform has announced the distribution of 40 million v2 tokens valued at $10 million to COTI holders and treasury participants.
We’re thrilled to announce the #COTIV2 Airdrop Campaign where we will distribute up to 40M $COTI V2 tokens currently valued at ~8M$. ?
Read the ANN : https://t.co/Kv2VJwCY3t or dive into this ? to learn everything you need to know about our biggest giveaway yet! ?
1/5 pic.twitter.com/xxDuTvzqOz
— COTI Foundation (@COTInetwork) March 18, 2024
The campaign will commence on March 25. The airdrop is scheduled for the fourth quarter of 2024 following token generation.
The distribution will complement all annual rewards for COTI holders.
“Users simply need to deposit into the treasury to participate. Those who did so by February 28, 2024, will receive an additional bonus as a token of appreciation from the COTI team for their early support,” the announcement stated.
At the time of writing, treasury participants have deposited assets worth $95.35 million.
Coti v2 is a privacy-focused L2 network on Ethereum. Developers position the launch as a key to unlocking new use cases for the Web3 economy.
The team plans to expand the size of rewards. Starting March 25, the project will offer longer lock-up periods of 180, 270, and 360 days.
Earlier in March, the L2 platform for crypto derivatives, Aevo, distributed 30 million AEVO in an airdrop.
Previously, CoinGecko experts identified the best time to sell assets received during giveaways.