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Genesis Airdrop Unveiled for Side Protocol in the Bitcoin Ecosystem
Unveiling the Largest Airdrop in the Bitcoin Ecosystem
Side Protocol has officially launched the Genesis Airdrop, a massive event offering 100 million $SIDE tokens to users. This airdrop will be rolled out in stages over a 3-month period post the mainnet launch in early 2025, covering diverse ecosystems such as Bitcoin, Cosmos, and NFTs.
Airdrop Registration Details
The registration for the Genesis Airdrop commences on November 26, 2024, at 6:00 PM and ends on December 15, 2024, at 6:00 PM. To register, users need to provide a Bitcoin mainnet address in Taproot or Native SegWit format.
Airdrop Categories and Rules
1. Active Bitcoin Users
This category, with a total allocation of 30 million $SIDE tokens, targets users who have spent at least 0.005 BTC on-chain between January 1, 2023, and November 1, 2024. Only 50,000 active users from 764,909 eligible addresses will be selected.
3. ATOM Stakers
ATOM stakers, including Hydro users, with stakes exceeding 15 are eligible to receive part of the 15 million $SIDE tokens allocated for this category.
4. Validators and Side Bridge Node Operators
Validators and Side Bridge node operators involved in the testnet in the past 6 months will share 6,000,000 $SIDE tokens, with additional details for validator rewards coming in December 2024.
5. Public Goods Funding
A total of 1,000,000 $SIDE tokens are assigned for donors supporting teams through the AEZ public goods funding on the DoraHacks platform and voters engaging in the AEZ MACI voting round.
6. Testnet Insiders
32,000,000 $SIDE tokens are allocated for users who participated in the Side Protocol S2 testnet, distributed across 11 reward tiers based on the testnet points system.
7. Social Activities and Whitelist
5,000,000 $SIDE tokens are reserved for participants in social activities and whitelist users collaborating with other platforms.
Key Points to Remember
As the Genesis Airdrop follows a “first come, first served” approach, users are encouraged to register early to secure their claim. Unclaimed tokens will be redistributed to active users. Side Protocol offers high-performance features like native Bitcoin lending and aims to enhance the Bitcoin ecosystem through its innovative solutions.
Readers are advised to approach blockchain information objectively and exercise caution with virtual token investments. The content provided is for informational purposes only and does not constitute investment advice. Report any sensitive information for prompt action.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
