COTI Operational Notice: Consolidation and New Holding Structure
Further to the pinned operational notice on the V2 to ERC20 conversion: over the coming hours we are completing that move. The remaining Foundation-held V2 tokens will be converted to ERC20 through the COTI bridge, and all Foundation-held ERC20, including previously bridged balances, will be consolidated into the Genesis wallet. This is step one of the updated structure for how COTI is held, which the previous notice referred to.
The consolidated holdings will move from the Genesis wallet into two new main addresses under the updated holding structure. For operational security, that move will be executed as a sequence of roughly ten separate transactions rather than one, which is standard practice for transfers of this size. The sequence will be visible on-chain, and the two main addresses will be published once it completes, together with a full reconciliation against this notice.
What this changes for holders: nothing. Your balances are untouched, no swap or migration is required, and no new COTI is created. These are movements of existing Foundation-held tokens, not new issuance, and the tokenomics in place do not change. The increased bridge limits from the previous notice remain in place.
As before, every movement reconciles against this notice, and everything is verifiable on-chain.