The leading public chain in the Bitcoin ecosystem - Side Protocol, has officially announced the launch of the largest airdrop activity in the Bitcoin ecosystem - Genesis Airdrop!
This airdrop will distribute a total of 100 million $SIDE tokens, and the airdrop will be carried out in batches according to a 3-month linear release plan (in January, February, and March of 2025) after the mainnet launch.
The activity covers multiple ecosystems including Bitcoin, Cosmos, Non-Fungible Token (NFT), etc., aiming to reward users and communities who support the project, and further expand the ecological influence of Side Protocol.
Airdrop Registration Information
- Registration Portal: side.one
- Start Time: 6:00 PM on November 26, 2024
- End Time: 6:00 PM on December 15, 2024
⚠️ Registration Conditions are as follows:
- 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, distributed 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 are eligible.
4. Validators and Side Bridge Node Operators (6,000,000 $SIDE + 500,000 $SIDE)
- Allocated to Side Chain validators and Side Bridge node operators who have actively participated in the testnet in the past 6 months.
- Details of the validator rewards allocation will be published on Discord in December 2024, no additional registration is 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)
- Thanking 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 specific details to be announced soon.
Important Reminder
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 re-distributed to users who have already claimed to increase their rewards.
It is reported that Side Protocol is built by the former Chainspace core team in collaboration with early members of Binance Labs, a high-performance L1 public chain that is fully compatible with the Bitcoin ecosystem and supports innovative features such as native Bitcoin lending.
