NEAR Launches New Incentive Airdrop Program, Triggered When Confidential Intents TVL Reaches $70 Million

Foresight News reports that NEAR Protocol has officially launched the Near@3.33 incentive milestone program, targeting users who utilize its cross-chain transaction privacy execution feature, Confidential Intents, on its website. Users who have already participated in confidential transactions will automatically qualify for the first round of airdrops (Drop 1), with 333,333 milestone tokens to be distributed in the first round. The distribution will occur once the Confidential Intents TVL reaches $70 million. The milestone tokens will be locked upon issuance and cannot be sold or transferred. When the NEAR price sustains $3.33 or above for three consecutive days, the milestone tokens will be converted to NEAR at a 1:1 ratio. Snapshot eligibility requires users to maintain a continuous confidential balance of over $100 (in any asset) on the website and complete at least one confidential transaction. Balances are time-weighted, with long-term holdings carrying more weight than large deposits made shortly before the snapshot. Additionally, the second round of the airdrop program is set to launch soon.