The Midnight Airdrop has officially launched, allowing eligible holders of major coins, including ADA, BTC, ETH, and XRP, to claim free NIGHT tokens. The Midnight Foundation made the announcement and revealed details on how token holders can claim their free tokens.
Midnight Launches First-Ever NIGHT Token Airdrop with Privacy-Focused Utility
According to an X post from the Midnight Network’s official account, the claim portal is now open. No purchase is required to participate, and users can secure their allocations during this initial claim phase.
Cardano founder Charles Hoskinson previously teased a major Midnight update, stating it would introduce a “whole new paradigm for data protection and private computation.”
The NIGHT token distribution is highest for Cardano holders. 50% of the token’s supply is allotted to them. Bitcoin holders get 20%, while ETH, XRP, SOL, BNB, AVAX, and BAT holders get the remaining 30%. This is divided based on the USD value of their holdings.
To be eligible, wallets must have held at least $100 worth of supported tokens at the time of a verified snapshot taken on their native blockchains.
Also, only those who had balances during the snapshot window will be eligible to claim NIGHT tokens. The NIGHT token powers the privacy-focused Midnight network.
It passively generates DUST, a shielded, non-transferable resource required to process private transactions. NIGHT is never burned or spent directly. The network will not give all the allocation to claimants at this time. Tokens will gradually unlock during the upcoming Redemption period, designed to prevent abuse and ensure a fair rollout.
Eligible users can check their wallet status and begin claiming at midnight.gd. Claimants must follow instructions on the site to verify eligibility and complete the process.
Hoskinson Hails Six Years of Effort
The Midnight Foundation confirmed the launch in a separate X post and also directed users to the official site for claim instructions. An X Spaces event has been scheduled to help eligible participants to further understand the claim process.
The session will feature core team members from Midnight and IOHK. Charles Hoskinson, founder of Cardano, also celebrated the launch. In his X post, he called it the result of six years of intellectual and practical effort.
He described the experience as a ride full of intellectual and practical challenges. The Cardano founder also commended the efforts behind the project’s development saying, “Hope you all enjoy what we’ve created together.”
Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
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