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NEAR Protocol

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Focus: Eligibility, snapshot date, token reward analysis.

Overview

What is NEAR Protocol?

NEAR Protocol is a sharded layer-1 blockchain built around cross-chain execution and privacy. Its main consumer interface lets users swap assets across 35+ chains without manually bridging or managing gas on each network. It has raised over $607 million in total funding and targets high throughput with low fees.

The protocol’s defining feature right now is Confidential Intents, launched in February 2026. Transactions execute inside a NEAR private shard backed by Trusted Execution Environments (TEEs), keeping amounts and counterparties hidden until settlement.

Key Points

  • Allocation: 333,333 [email protected] milestone tokens (Drop 1)
  • Distribution Method: On-chain activity score (confidential balance weighted by time + swaps)
  • TGE Date: Triggered by dual milestone ($70M TVL + NEAR price >= $3.33 VWAP for 3 days)
  • Vesting Schedule: Non-transferable until both price and TVL conditions are met, then converts 1:1 to NEAR

Participation Guide

  1. 1

    Step 1: Visit NEAR website and create an account

  2. 2

    Step 2: Connect or create your wallet

  3. 3

    Step 3: Fund your account

  4. 4

    Step 4: Enable your confidential account

  5. 5

    Step 5: Complete at least one confidential swap

  6. 6

    Step 6: Keep your balance above $100 and keep swapping

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