In addition to the existing Coti tokenholders, the eligibility for airdrop rewards has been automatically extended to all treasury participants.
Ethereum-based confidentiality layer Coit will distribute Coti v2 tokens worth $10 million via airdrop to the holders of its native Coti (COTI) token.
Coti v2 is a privacy-centric layer-2 protocol on Ethereum dedicated to safely transmitting sensitive data over the blockchain across Web3 applications.
The company announced an upcoming community rewards initiative, which involves airdropping 40 million Coti v2 tokens to its existing native and ERC-20 COTI holders.