COTI Air Drop Commences 25th March
Announcement Was Sooner Than Expected
Today the COTI team dropped the details for the upcoming COTI V2 airdrop which will commence from the 25th March. There is a total 40 million COTI V2 being airdropped which on todays current price is worth around $8 million. This is the teams most valuable airdrop yet which will be distributed in Q4 later this year when the token generation event happens which I presume is the swap over from COTI o the new COTI V2 token. The big difference this time is both the Native COTI and the ERC-20 tokens are eligible for this airdrop. I have still heard nothing about the US so one must just test if they can now open their Viper wallet or not. The problem is COTI V2 allows this and it is not available yet as this is the airdrop for when it finally happens.
There will be loyalty bonuses for those that have a wallet with stake deposited within the COTI Treasury before 28th February. The loyalty bonus is coming into the equation for the airdrop which will be a combination of your current APY and locking period plus the time and activity your stake has done in the treasury. This loyalty bonus is known as a "Head Start" bonus which also takes into account if you were involved with the GCOTI airdrop campaign.
If you don’t have a deposit yet, just go to https://treasury.coti.io/, log in with your VIPER or Metamask Wallet, and make your deposit with your preferred locking time and multiplier (MetaMask deposits will be available starting March 25th).
The more time you lock up the stake the bigger the APR that is on offer ranging from 30 days right up to 360 days (30/60/90/120/180/270/360). You do not have to lock the stake up as you will still be eligible for the airdrop but at a reduced APR.
The other factors calculating the size of airdrop you receive are broken down as follows. Your size of deposit stake is graded between 1 and 4.
30% weight is through your APR being earned depending onw hat pool leverage you have selected. I stick in pool 1 which has no risk and can never be liquidated where as all the other 3 pools can be liquidated if the price drops enough.
40% weight according to the time factor your stake is involved. If you remove your stake and sell buying back and re staking you lose out on this feature and starting from day one begins again resetting your seniority of stake.
The longer you leave your stake in the Treasury the more COTI V2 you will receive.
30% weight for the activity you do within the Treasury. Every time you spend COTI you are increasing you overall trust score. Depositing, farming and even being liquidated boosts your score which I don't recommend. The higher your trust score the higher the APR rewarded for the airdrop.
An example of locking your stake versus unlocking your stake for the 360 day time period could result in a swing between 6-7% and 30% APR which is a big difference. I would suggest having various deposits so your entire stake is not locked away for 360 days possibly missing out on selling at the peak. No one knows when this will happen and I am not confident enough to lock for 12 months.
Posted Using InLeo Alpha
I have all my COTI in the treasury and it is still locked in March. Will the airdrop be given in the Treasury or how and where will it happen?
Yes. Just keep your Coti in the Treasury and you will receive the airdrops.
Looks like I won't get anything until later because I haven't been able to make at least one transaction and metamask isn't supported yet.
Congratulations to those who bought it this way and are going to be rewarded in the next few days.