If you have been using Confidential Swap on near.com, you are already eligible for Drop 1.
Nothing is in your account yet. When Confidential Intents TVL hits $70 million, a snapshot is taken and milestone tokens go to the eligible accounts. Your activity to date counts toward your allocation and will keep updating until the snapshot criteria is met. Users joining now can still earn a higher allocation by increasing their activity on near.com.
Milestone tokens are locked rewards that convert 1:1 into NEAR if the ecosystem reaches specific growth milestones.
How it works
Drop 1 will distribute 333,333 milestone tokens.
Distribution occurs when the aggregate Confidential Intents TVL hits $70 million. When this criteria is met, eligible accounts will receive milestone tokens.
Milestone tokens are locked on arrival and cannot be sold or transferred. They convert 1:1 to NEAR once NEAR’s volume-weighted average price holds at or above $3.33 for three consecutive days.
There is a per-wallet cap of 2% of the drop pool. This ensures that no single wallet is overrepresented.
To be eligible for the snapshot, users must have a sustained confidential balance above $100 on near.com in any asset and at least one confidential swap. Holdings and activity above this floor shape your allocation.
While score components are public, the exact weights are not. Your own score is visible to you. No one else’s is. And distribution of the milestone tokens will occur through Confidential Intents.
Why this structure
Most airdrops hand out liquid tokens for past activity, recipients sell, and the project loses mindshare within a quarter.
[email protected] is designed differently.
Milestone tokens are locked until NEAR holds the price target VWAP for three consecutive days, a condition the whole community has reason to support and no single holder can engineer alone. The TVL trigger works the same way: a larger confidential pool means stronger confidentiality for everyone in it. The reward only pays out when the protocol is more valuable.
Round two
This is not a one and done program. Round two is coming.
Future drops will be announced as their conditions come into reach. Each future milestone will be calibrated to higher community activity. The floor moves up.
What we’re testing
A generation of point programs extracted value from the systems they were supposed to reward. Recipients sell within days, and the programs are forgotten.
NEAR is introducing a new design, an incentive program where the recipient and the protocol succeed in the same direction.
Drop 1 is live. More drops will follow.
