When the total TVL of Confidential Intents reaches 70 million USD, NEAR will distribute the first round of 333,333 milestone tokens.

Written by: Mah, Foresight News

On June 11, the NEAR Protocol officially launched the Near@3.33 milestone incentive program. This program is designed for users of the privacy cross-chain execution feature of Confidential Intents, and when the total TVL of Confidential Intents reaches 70 million USD, a snapshot will be triggered and the first round of 333,333 milestone tokens will be distributed to eligible accounts.

With airdrops generally being set aside by project parties and token prices in a bear market being sluggish, is NEAR making a new strategic move in privacy?

Airdrop Details

According to the official announcement, the first round will distribute 333,333 milestone tokens. When the aggregated TVL of Confidential Intents reaches 70 million USD, the system will automatically take a snapshot and distribute tokens to eligible accounts. Users' past activities will continue to be counted towards the distribution weight until the snapshot occurs; newly joined users still have the opportunity to increase their share by increasing their activity on the platform.

The specific qualification threshold is that users must have used Confidential transactions on near.com, and the Confidential balance must be maintained above 100 USD (in any asset), with holdings and trading activities exceeding the threshold affecting the final distribution ratio. A single wallet can receive up to 2% of the current airdrop pool.

Currently, according to the latest data from Dune's dashboard, the total TVL of NEAR's Confidential Intents has exceeded 20.69 million USD, which means that it needs to grow threefold to reach the airdrop threshold.

Milestone tokens will be locked after being credited and cannot be sold or transferred. Only when the volume-weighted average price (VWAP) of NEAR tokens remains at 3.33 USD or above for three consecutive trading days can the milestone tokens be converted into NEAR tokens at a 1:1 ratio.

The official also stated that subsequent rounds of incentive plans will be launched successively, and the triggering conditions for each round will be raised accordingly with the increase in community activity, continuously encouraging higher levels of participation.

Confidential Intents

Confidential Intents is the privacy execution layer of the NEAR Intents protocol, officially launched in late February 2026. It is not just a simple coin mixing or post-anonymization tool, but rather builds confidentiality directly into the execution environment, providing users with limited visibility during cross-chain transactions.

Confidential Intents is initially operated by decentralized permissioned validators and connects to the NEAR mainnet through bridge based on Trusted Execution Environment (TEE).

Issues like MEV, front-running, strategy leaks, and forced liquidations have long plagued DeFi players in public chains. Confidential Intents avoids these risks from the source through sharding execution: retail investors no longer lose value due to sandwich attacks, large holders can operate in large amounts without exposing their intentions, and institutions can protect positions and negotiation information while retaining the ability for selective disclosure to meet compliance and audit requirements. Enterprise-level application scenarios include confidential processing of sensitive operations such as payroll distribution, treasury management, and supply chain payments.

Since its launch, according to official and community data from NEAR, Confidential Intents has seen its TVL grow from zero to approximately 15 million USD within about three months.

A product with real demand will increase user participation engagement; currently, Confidential Intents aims to reach the target of 70 million USD. Perhaps under the ongoing wave of AI and privacy narratives, there may be a chance to achieve this in the second half of this year.

Previously, NEAR's token price soared from 1 USD in April this year to a peak of 3.08 USD amid the AI narrative and is currently fluctuating around 2 USD. If the cryptocurrency market improves and liquidity becomes sufficient, the locked milestone tokens will convert into fully liquid NEAR tokens.