COTI Introduces Private Tokens in MetaMask with New Privacy Snap Extension

COTI Introduces Private Tokens in MetaMask with New Privacy Snap Extension

Summary:
COTI has successfully integrated private tokens into MetaMask through a new feature called Privacy Snap. This innovative approach aims to enhance user privacy in Web3 by allowing secure transactions and confidential operations in various applications, ranging from decentralized finance to identity verification.

Key Takeaways

COTI integrates private tokens into MetaMask to enhance user privacy in Web3.
The integration is done through a new feature called the Privacy Snap extension.
Users can connect their wallets easily to manage private transactions and token balances.
A giveaway is being held for $COTI holders to celebrate this event.

Understanding Private Tokens in Web3

Private tokens offer individuals and organizations the essential privacy needed to operate securely in Web3. This development opens up numerous real-world applications. It's important to clarify that we are not talking about complete anonymity; instead, we emphasize selective disclosure and permissioned privacy. This includes working with private stablecoins, confidential payments, decentralized finance strategies, governance voting in DAOs, supply chain settlements, and identity credentials. Privacy can be vital for protecting sensitive information, preventing front-running in transactions, and managing compliance through selective disclosure.

With today’s announcement, COTI is making significant strides in mainstreaming privacy and private tokens, enabling both users and developers to access these features directly through MetaMask, which is the leading wallet in the Web3 landscape.

MetaMask Integration

How to Add the Privacy Extension to MetaMask

The integration with MetaMask occurs through a Privacy Snap, a secure extension designed to seamlessly introduce new functionalities into your wallet. In this scenario, the COTI Snap equips MetaMask to handle private transactions and manage token balances.

Here’s how to connect to the COTI Snap seamlessly:

Visit the COTI Snap Integration Page at metamask.coti.io and click on the “Connect to MetaMask” button.
When prompted, approve the Snap installation and enter the wallet address you wish to use for sending and receiving private tokens.

Following these simple instructions will get you started: Instructions on How to Connect the COTI MetaMask Snap. Congrats, your wallet is among the first to send and receive private tokens!

Join the Celebration with a Giveaway!

To celebrate this milestone, COTI is holding a giveaway. Any $COTI holder with a balance exceeding 1000 $COTI will be eligible to receive private ‘LOOT’ tokens. The first one hundred wallets that return these tokens to the address 0x0bf9c15cbd9f0fac9fc6ab90f0603e89818489bd using the new MetaMask Snap will each be rewarded with 500 COTI tokens.

The Significance of This Launch

Today’s launch establishes a foundation for an on-chain privacy ecosystem that is not only innovative but also user-friendly. This development is now available for users to enjoy!