COTI's gCOTI Airdrop Campaign Concludes with Impressive Results
After a successful 14-day run, COTI, the innovative blockchain platform, has completed the ERC20-based token phase of its gCOTI Airdrop Campaign. This marks the end of the first two phases of the campaign and an important turning point in the distribution of COTI's Treasury Governance token, gCOTI.
COTI has released the latest numbers on both phases, revealing that users deposited a whopping $26 million USD in total, consisting of 367 million $COTI and 45,422 USDT/USDC through a total of 4,238 deposits. A remarkable 87% of participants from the Native campaign have migrated 100% of their Treasury deposits to the campaign, and 84% of participants opted to lock their deposits for the full 360 days. This has helped to increase COTI's Total Value Locked (TVL) to $39 million USD.
COTI also witnessed an impressive 3,138 new VIPER Wallet applications since the campaign was announced in March. Participants of both campaigns will receive a total of 82 million gCOTI tokens based on the size and duration of their deposits, with 57 million gCOTI allocated for the Native campaign and 25 million gCOTI for the ERC20-based tokens campaign, including 2 million gCOTI early bird bonus and 500K gCOTI early bird bonus, respectively.
In addition, the early bird bonus for both programs will be shared among 345 campaign participants. Participants can expect to see how much gCOTI they are entitled to in the UI within the next few days, and the rewards will be airdropped to their VIPER Wallets on June 1, 2023.
But the campaign is far from over! COTI has announced the upcoming Exchange-Based $COTI ERC20 Campaign and plans to reveal its exchange partner shortly. To ensure fair participation, interested users will have plenty of time to plan once the details are revealed.
COTI also intends to reward community members during the airdrop's Community Campaign phase. Members will be able to earn gCOTI airdrop rewards by completing designated tasks that support COTI's ecosystem and social networks during the campaign. In the coming weeks, more information about this exciting phase of the campaign will be made available. STAY COTI!