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).
