According to Deep Trend TechFlow news, Coit, a privacy layer project based on Ethereum, will distribute $10 million worth of Coti v2 tokens to its native Coti (COTI) token holders through airdrops to support the launch of Coti v2. Coti v2 is a privacy-centric layer 2 protocol on Ethereum dedicated to securely transmitting sensitive data across Web3 applications via the blockchain.
Eligibility for airdrop rewards is automatically extended to all financial participants in addition to existing COTI token holders. Coti further noted that the airdrop is in addition to any annual percentage yield rewards for token holders.