TechFlow reports that Coit, a privacy layer project built on Ethereum, will distribute $10 million worth of Coti v2 tokens via an airdrop to holders of its native COTI token to support the launch of Coti v2. Coti v2 is a privacy-focused Layer 2 protocol on Ethereum designed to securely transmit sensitive data across Web3 applications via blockchain.
In addition to existing COTI token holders, eligibility for the airdrop rewards is automatically extended to all financial participants. Coti further noted that the airdrop is in addition to all annual percentage yield rewards for token holders.
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