Side Protocol ($SIDE) is an extension layer of Bitcoin designed to enable the next generation of non-custodial applications within the Bitcoin-centric internet by leveraging advanced Bitcoin security technologies and decentralized on-chain banking infrastructure. Their Genesis Drop has been confirmed and is coming soon! Here is our Side Protocol ($SIDE) token airdrop guide.
Check out our step by step guide.
What is Side Protocol ($SIDE)?
Side Protocol ($SIDE) is an extension layer of Bitcoin designed to enable the next generation of non-custodial applications within the Bitcoin-centric internet. Its main features include:
Decentralized On-Chain Banking: Introduces the first decentralized on-chain banking infrastructure, positioning Bitcoin as the global currency.
Advanced Bitcoin Security Technologies: Leverages Schnorr-based adaptor signatures, HTLCs, Taproot, and threshold signing, integrated with Discreet Log Contracts (DLCs) and secure distributed oracles.
Scriptless Scripts: Delivers smart contract-like functionality on Bitcoin without requiring changes to Bitcoin’s underlying opcodes.
Interoperability: Employs multiple cross-chain messaging layers to gain ecosystem-wide access to assets across different networks.
Scalability: Supports infinite scalability by enabling developers to deploy applications effortlessly, fostering the next generation of consumer applications for Web3 and beyond.
How to get the Side Protocol ($SIDE) token airdrop?
Time needed: 10 minutes
Here is how to get the potential Side Protocol ($SIDE) token airdrop.
Get Bitcoin address
To participate in the potential Side Protocol ($SIDE) token airdrop, you will need a Bitcoin mainnet address (i.e. Taproot or Native SegWit).
Check eligibility
You must fall within one of the eligible categories in order to get the Side Protocol ($SIDE) token airdrop. Categories include: Bitcoin active users, NFT community members, ATOM stakers, validator and bridge operators, public goods contributors, testnet insiders. The specific requirements are listed HERE.
Register on Genesis Drop page
If you fall within any of the eligible criteria, go to https://genesis.side.one/ to complete the registration process. Note the Genesis Drop registration follows a first-come, first-served approach. And there is a registration cap for each category. Therefore, once the cap is reached for a particular category, registration for that category will close. Registration will start at 10:00am on 26th November 2024 and end at 10:00am on 15th December 2024 (UTC).
