COTI V2 Airdrop Campaign — All the Details

The COTI V2 Airdrop Campaign is right around the corner, and in this article we are going to share with you everything you need to know about it.

If you haven’t read the Airdrop announcement yet, go to: https://medium.com/@cotinetwork/the-coti-v2-airdrop-campaign-772a8dbc6c37

TL:DR

  • When: The COTI V2 Airdrop Campaign will start on March 25th, 2024. You can join any time! Distribution of COTI V2 tokens will commence shortly after the COTI V2 TGE, planned for Q4 this year.

  • What: All Treasury participants are automatically eligible to receive a share of 40M $COTI V2 tokens, atop their regular APY rewards. It’s our biggest giveaway yet!

  • Who: Open to $COTI holders, both Native and ERC-20. Plus, our loyal users who’ve made deposits prior to Feb 28th, 2024, get a special bonus, adding extra days to their reward calculations — as a token of our appreciation for their early support.

  • How: Simply by having a deposit in the Treasury, whether it’s been there a while or it’s brand new.

I’m New to the Treasury. Where Can I Learn More About It?

In this article, we covered everything you need to know about the COTI Treasury. You can also check our FAQ or ask any question in our Official Telegram and Discord channels.

How to Open a Deposit?

Treasury deposits can attract different rewards based on two different user-selected variables.

  • Locking Period: You can choose to lock your deposit for 30/60/90/120/180/270/360 days. Higher locking periods attract a higher APY (180/270/360 locking periods will be available starting March 25th).

  • Multiplier: Deposits have a 1X multiplier by default. You’re able to choose multipliers of 2X, 4X, 8X or leave on the default 1X setting. Higher multipliers attract a higher APY, but come with an increased risk of liquidations.

  • Please note that multipliers can be applied only on deposits with a locking period of up to 120 days.

To open a Treasury deposit you can follow this tutorial: https://www.youtube.com/watch?v=QXayGW--jY8&ab_channel=COTIFoundation

To open a COTI VIPER Wallet, check out this tutorial: https://cotinetwork.medium.com/how-to-open-and-set-up-your-coti-pay-viper-wallet-ac23c558f0e7

Who Can Participate?

  • Native and ERC-20 $COTI holders are both eligible to participate to be rewarded for their new and existing deposits in the Treasury. Geo-restrictions may apply according to our T&C.

  • A “head-start” bonus will be given to existing Treasury participants who deposited prior to Feb 28th. The seniority of these deposits will be calculated from February 28th instead of March 25th.

How Much COTI V2 Tokens Will I Receive?

Your share of the 40M $COTI V2 tokens is calculated based on your deposit amount and the following factors (each can range between 1.0 to 4.0 and are relative to the rest of the Treasury participants):

  1. Treasury APY Factor (30% weight): This considers your base APY influenced by the deposit’s multiplier, its lock period (options range from 30 to 360 days), and any gCOTI boosts you’ve applied. Meaning: You’ll be rewarded in the same proportion as today, the more you lock, multiply or boost, the more additional APY you’ll receive from the airdrop.

  2. Treasury Duration Factor (40% weight): The rewards grow with the length of time your $COTI has been in the Treasury. While locking isn’t mandatory, withdrawing resets your seniority. Meaning: You’ll be rewarded for your loyalty to the Treasury, the more consecutive days you’ll hold your tokens in the Treasury (no matter how you’ll use them), the more additional APY you’ll receive from the airdrop. This factor is exponential — If you withdraw the tokens and deposit them back, you’ll lost the seniority, as seen in the chart below:

3. Treasury Activity Factor (30% weight): The more you engage with the Treasury by adjusting multipliers, locking in funds, adding to your deposit, or boosting APY with gCOTI, the higher your rewards. The activity will be measured by the amount of fees you were charged, in addition to the COTI’s liquidated in your positions. Meaning: You’ll be rewarded for your activity within the Treasury, which includes fees and even liquidations, relative to other participants. As you generate more actions and fees, you’ll receive additional APY from the airdrop.

4. Head-Start Bonus (Additional): Deposits made prior to Feb 28th gain extra days toward reward calculations (all three factors), boosting your potential share.

Scenarios

Let’s assume that a person deposits 1M $COTI, while the whole Treasury holds 500M $COTI throughout the whole period.

Although it’s impossible to estimate in advance how the airdrop will be broken down, as it depends on too many variables, according to our calculations, and assuming the campaign will last around 9 months (until COTI V2 TGE), the following scenarios could potentially apply:

  1. Keeping $COTI in the Treasury without any lock, multiplier or boost and without any action throughout the whole period, will gain the maximum duration factor but with a minimal Treasury activity factor. This should grant an additional estimated APY of 6–7% on top of their regular APY rewards.

  2. Keeping the maximum duration factor but also locking it to the maximum period (360 days) without a multiplier will also increase the airdrop APY factor. This should increase the additional APY by over 30%.

  3. Alternatively, instead of locking the deposit for the long term, users can move between different multipliers and shorter locking periods to open different deposits. This can boost the activity Factor dramatically. All factors are relative to the rest of the Treasury participants, so if most participants will choose to lock, there’s a bigger potential in gaining higher activity Factors.

Of course “mix and match” is possible and welcomed, so feel free to experiment with different activities to increase your potential share in the airdrop!

Please beware of scams and make sure to participate only in COTI’s official airdrop campaign via your VIPER wallet or https://coti.io/treasury.

Stay COTI!

For all of our updates and to join the conversation, be sure to check out our channels:

Website: https://coti.io/

X: https://twitter.com/COTInetwork

YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA

Telegram: https://t.me/COTInetwork

Discord: https://discord.gg/9tq6CP6XrT

GitHub: https://github.com/coti-io

COTI V2 Airdrop Campaign — All the Details was originally published in COTI on Medium, where people are continuing the conversation by highlighting and responding to this story.