NEAR Hits Price Milestone, Unlocking Commemorative Rewards
Market data indicates that NEAR has met a significant price threshold. The token's volume-weighted average price (VWAP) has remained above $3.33 for three consecutive days, fulfilling the condition required to trigger the distribution of a special milestone reward.
Distribution Is Now Live
The fulfillment of the price condition has initiated the distribution of the "[email protected]" reward tokens to eligible wallets. Users who qualified for the airdrop are advised to check their accounts on the official platform to confirm receipt.
Origin and Eligibility of the Reward
This reward stems from a celebratory initiative announced previously by the project. To mark the achievement of a confidential Total Value Locked (TVL) surpassing $70 million, the team earmarked 333,333 [email protected] tokens for an airdrop.
- Eligibility Criteria: Users were required to hold a confidential balance exceeding $100 on the designated platform.
- Required Action: Users also needed to have executed at least one confidential swap transaction.
These milestone tokens were non-transferable and locked upon issuance. Their utility was intrinsically linked to NEAR's market performance.
How the Unlock Mechanism Worked
The reward was structured with a clear price trigger: if NEAR's VWAP stayed at or above $3.33 for three days in a row, the locked [email protected] tokens would convert 1:1 into liquid NEAR tokens. With the market condition now satisfied, this conversion and distribution process has been automatically executed.
This event marks the successful completion of a predefined goal within the project's ecosystem, delivering anticipated returns to users who participated in the earlier campaign.