Near Protocol is a high-performance decentralized application platform designed to provide intuitive infrastructure for web applications. The native NEAR token is utilized for network fees, staking to secure the blockchain, and participating in governance decisions.
On August 12, 2020, Near Protocol executed its Option 1 public token sale on CoinList, selling out in just over two hours. This specific option offered a price of $0.40 per token. Tokens for this option were subject to a 40-day holding period. The overall event saw massive demand, with allocations distributed to over 1,500 successful participants across all options from over 9,500 registrants.
40-day holding period
To participate in the Near Protocol public sale on CoinList, users were required to register and complete the standard KYC process in advance. The event, specifically Option 1, was hosted directly on the CoinList platform and excluded residents of the United States, China, and certain other jurisdictions.
During the sale window, successful registrants could log into their CoinList accounts and commit funds using either USDC or USDT. The Option 1 tranche allowed purchases between $200 and $40,000 equivalent, with allocations distributed to over 1,500 winning participants amidst heavy server demand.
Create and verify an account on the CoinList platform.
Complete advanced KYC and confirm your jurisdiction eligibility.
Fund your account wallet with USDC or USDT.
Submit your purchase request on the official Near Protocol sale page during the active window.