The Side Protocol, the leading public chain in the Bitcoin ecosystem, has announced the official launch of the largest airdrop activity in the Bitcoin ecosystem - the Genesis Airdrop. This airdrop will distribute a total of 100 million $SIDE tokens, which will be released in batches over a 3-month linear release plan (in January, February, and March 2025) after the mainnet launch. The activity covers multiple ecosystems including Bitcoin, Cosmos, and Non-Fungible Tokens (NFTs), aiming to reward users and communities who have supported the project, while further expanding the ecosystem influence of the Side Protocol.
Airdrop Registration Information
- Registration Portal: genesis.side.one
- Start Time: 6:00 PM on November 26, 2024
- End Time: 6:00 PM on December 15, 2024
Registration Requirements:
- Provide a Bitcoin mainnet address (supporting Taproot or Native SegWit format).
- Registration is on a first-come, first-served basis, with a cap on the number of participants for each airdrop category. Unclaimed tokens will be reserved for future airdrop plans.
Communities and Rules Covered by the Genesis Airdrop
1. Active Bitcoin Users (30% of total allocation, 300,000,000 $SIDE)
- Target Users: Users who have spent more than 0.05 BTC on the chain between January 1, 2023, and November 1, 2024.
- Cap: 50,000 active users, selected from 764,909 eligible addresses filtered from the Bitcoin network.
2. Non-Fungible Token (NFT) Community (10.5% of total allocation, 10,500,000 $SIDE)
- Pudgy Penguins
- Milady
- Mad Lads
- Bitcoin Puppets
- NodeMonkes
- Ordinal Maxi Biz
- Bitcoin Frog
- Pizza Ninja
- Quantum Cats
- Runestone
- Bad Kids
- Celestine Sloth
3. ATOM Stakers (15% of total allocation, 15,000,000 $SIDE)
- ATOM stakers (including Hydro users) with a stake greater than 15 ATOM are eligible.
4. Validators and Side Bridge Node Operators (6,000,000 $SIDE + 500,000 $SIDE)
- Allocated to active participants in the testnet of the Side Chain validators and Side Bridge node operators over the past 6 months.
- Details of the validator rewards distribution will be published on Discord in December 2024, with no additional registration required.
5. Public Goods Funding (1% of total allocation, 1,000,000 $SIDE)
- Donors who supported teams on the DoraHacks platform through the AEZ public goods quadratic funding round;
- Voters who participated in the AEZ MACI voting round on the DoraHacks platform;
- Users who staked $DORA on the Dora Factory mainnet Dora Vota
6. Testnet Insiders (32,000,000 $SIDE)
- Gratitude to the Insiders users who participated in the Side Protocol S2 testnet. This airdrop is based on the testnet scoring system, dividing 735,532 addresses into 11 reward tiers, with higher tiers receiving more tokens.
- This part of the airdrop is not subject to the "first-come, first-served" rule, and users can register at any time as needed.
7. Social Activities and Whitelists (5,000,000 $SIDE)
- Allocated to social activity participants and whitelist users collaborating with other platforms, with details to be announced soon.
It is important to note that this Genesis Airdrop follows the "first-come, first-served" principle, with a cap on the number of registrations for each category.
- Early registration will increase the amount of tokens that can be claimed and reward core community members who actively follow project updates.
- Unclaimed tokens will be redistributed to those who have already claimed, increasing their rewards.
Reportedly, the Side Protocol is built by the former Chainspace core team in collaboration with early members of Binance Labs, as a high-performance L1 public chain that is fully compatible with the Bitcoin ecosystem and supports innovative features such as native Bitcoin lending.
