A Comprehensive Guide to the Native gCOTI Airdrop Campaign and Rewards Distribution

The Native gCOTI Airdrop Campaign has successfully completed its phases for the Native $COTI and ERC20-based token participants. Now, it's time for the eagerly awaited distribution of gCOTI rewards to thousands of VIPER Wallet addresses. In this article, we will delve into the details of the airdrop process, how the gCOTI tokens will be delivered, the various categories of participants, and what's next for eligible users.

A Comprehensive Guide to the Native gCOTI Airdrop Campaign and Rewards Distribution

The gCOTI will be given in what manner?

Before the commencement of the airdrop on the 1st of June, participants can access information about their expected gCOTI rewards by logging into their VIPER Wallet. This ensures transparency and enables participants to stay informed about their upcoming rewards.

On the 1st of June, the gCOTI Airdrop process will initiate, and participants may receive multiple separate airdrops, each appearing as individual transactions in their VIPER Wallet. Let's take a closer look at the different categories of participants and the corresponding distribution process:

1. Users with Active Treasury Deposits

Participants who had an active Treasury deposit at the time of the surprise snapshot taken by COTI on 26/03/2023 will receive their share of the total amount of 2M Native gCOTI. These users will be rewarded based on their Treasury deposit status during the specified snapshot.

2. Depositors in the Native Campaign

Participants who deposited $COTI in the Native campaign will witness a transaction for each separate deposit made, along with any early bird bonus they may have earned. A total of 57M gCOTI will be distributed among these users. This amount encompasses the early bird bonus of 2M gCOTI as well as the snapshot rewards.

3. Depositors in the ERC20-based Token Campaign

Users who deposited in the ERC20-based token campaign will observe a transaction for each separate type of deposit made, including $COTI ERC20, USDT, and USDC, along with any early bird bonus they may have earned. A total of 25M gCOTI will be distributed to participants in this category, including an early bird bonus of 500K gCOTI.

Early Bird Bonuses

Early bird bonuses have been allocated to specific groups of participants who acted swiftly during the campaigns:

Users who were among the first to deposit in the Native $COTI Campaign, up to a soft cap of 50M $COTI. A total of 245 unique eligible wallets were included in this category.

The first 100 unique wallets that participated in the ERC20-Based Token Campaign.

Scenario: A Closer Look

Let's consider a scenario to better understand the distribution process. Suppose you were one of the early depositors in the Native $COTI campaign, which earned you an early bird bonus. In addition, you made one deposit of $COTI ERC20 and one of $USDC in the ERC20-based token campaign. In this case, you will receive three separate gCOTI airdrops on the 1st of June: one for your Native deposit (including the early bird bonus) and one for each type of ERC20 token deposited.

What will happen next?

Eligible users who receive the first distribution of gCOTI on June 1st will have the opportunity to be the first to utilize the APY boost feature. This feature, scheduled to be enabled at the end of June, allows users to deposit gCOTI alongside their $COTI deposit in the Treasury. By doing so, they become entitled to a greater share of the Treasury rewards, enhancing their overall earning potential.

It's crucial to note that this airdrop marks the inaugural distribution of gCOTI to participants. Therefore, it is imperative to stay cautious, be aware of potential scammers, and remain vigilant throughout the process.

Conclusion

The Native gCOTI Airdrop Campaign is reaching its pinnacle as the distribution of rewards to participants draws near. With detailed insights into the delivery process, participant categories, early bird bonuses, and future opportunities, this article has provided a comprehensive guide to the campaign and its associated rewards. By staying informed and vigilant, participants can make the most of this unique opportunity in the world of cryptocurrency.


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