Highlights
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.
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.
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.”
The crypto market has entered the altcoin season with the index jumping to 84. The…
Veteran trader Peter Brandt has given his take on the current Dogecoin rally, with the…
BitMEX co-founder Arthur Hayes has given his opinion on how long the Bitcoin bull cycle…
Binance founder Changpeng Zhao urged banks to adopt BNB after the token’s valuation surpassed Union…
The Shiba Inu team announced it had frozen 4.6 million BONE tokens linked to a…
The Trump-backed WLFI token is signaling a price rebound as it looks to regain momentum…