NEAR meets price condition; milestone rewards have been redeemed and distributed
BIBIBI
AT A GLANCE
NEAR Protocol said that the price milestone had been reached, and the relevant NEAR rewards had been redeemed and distributed. Users can log in to their accounts to check.
Article
NEAR: Milestone conditions met; eligible users can redeem NEAR rewards
BlockBeats news,September 21，NEAR Protocol posted that the NEAR volume-weighted average price (VWAP) has remained at 3.33 USD, and the relevant NEAR rewards have been redeemed and distributed. Users can log in to their accounts to check.
According to the official rules, the team will initially distribute 333,333 non-transferable milestone tokens. The condition triggering the snapshot is Confidential Intents’ total value locked (TVL) reaching 70000000 USD. The milestone tokens can be converted into tradable NEAR only after NEAR’s 3-day volume-weighted average price reaches or exceeds 3.33 USD. Users must continuously hold more than 100 USD in privacy balance on near.com and complete at least one private swap.
Original link https://m.theblockbeats.info/flash/368207
Key points
01
BlockBeats news reported that NEAR Protocol posted that the NEAR volume-weighted average price has remained at for three consecutive days 3.33 USD。
02
NEAR Protocol stated that the relevant NEAR rewards have been redeemed and distributed, and users can log in to their accounts to check.
03
The official rules described in the article state that the team will initially distribute 333,333 non-transferable milestone tokens.
04
The condition triggering the snapshot is Confidential Intents’ TVL reaching 70000000 USD。
05
The milestone tokens can be converted into tradable NEAR only after NEAR’s three-day volume-weighted average price reaches or exceeds 3.33 USD.
06
Users must continuously hold more than 100 USD in privacy balance on near.com and complete at least one private swap.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This arrangement first distributes non-transferable milestone tokens; the tokens can be converted into tradable NEAR only after the TVL and price conditions listed in the article are met. Users who meet the holding and swap requirements can log in to their accounts to check their rewards.
Why it matters to readers
The article states that the price condition has been met, so the relevant milestone tokens have entered the stage in which they can be redeemed and distributed as NEAR rewards.
If you previously held more than 100 USD in privacy balance on near.com and completed at least one private swap, you can log in to your account to check whether you have received a reward; eligibility must still be verified against the official rules.
Risks and unknowns
The article does not provide a direct link to the NEAR Protocol post or official rules, so the relevant conditions and distribution status cannot be independently verified based solely on this material.
The original text only states “September 21” and does not specify the year.
The article does not specify the deadline for checking or redeeming rewards, nor does it state the specific reward amount for any individual user.
It is not possible to confirm whether a particular user is eligible based solely on the original text.
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Related concepts
Volume-weighted average price (VWAP)
This term is not in the glossary yet. Browse related concepts in the glossary.
The process of recording the state of a blockchain ledger at a specific point in time; its contents may include addresses and their transactions, fees, balances, and metadata.
