NEAR Protocol said the token’s volume-weighted average price, or VWAP, stayed at $3.33 for three consecutive days, meeting the condition needed to convert and distribute the related NEAR rewards. Users can now check their accounts for the payout.
According to rules cited by Foresight News, the team had initially issued 333,333 non-transferable milestone tokens. The snapshot for that first distribution was triggered once Confidential Intents TVL reached $70 million. Those milestone tokens could only become tradable NEAR after NEAR’s three-day VWAP reached or exceeded $3.33.
The rules also required users to keep more than $100 in private balance on near.com on an ongoing basis and complete at least one private swap. No other distribution details were disclosed in the source material.
NEAR Protocol said in a post on X that NEAR’s volume-weighted average price, or VWAP, held at $3.33 for three straight days, and the related NEAR rewards have now been converted and distributed. Users can check their accounts to view the allocation.
Foresight News noted that, under the official rules, the team’s first batch consisted of 333,333 non-transferable milestone tokens. The snapshot condition for that batch was that Confidential Intents TVL reached $70 million.
Under the same rules, the milestone tokens could be converted into tradable NEAR only after NEAR’s three-day VWAP reached or moved above $3.33.
Users also needed to meet two requirements on near.com: maintain a private balance of more than $100 on an ongoing basis and complete at least one private swap.
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