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NIGHT Token Launch: OKX Set to Airdrop Tokens to ADA, BTC, SOL, and XRP Holders

Michael Adeleke
40 minutes ago
Michael Adeleke

Michael Adeleke

Crypto Journalist
Expertise : Cryptocurrency, Blockchain, DeFi
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
OKX will support the NIGHT token airdrop,

Highlights

  • OKX have confirmed support for the upcoming NIGHT token airdrop ahead of launch.
  • They will distribute OKX tokens to holders of ADA, BTC, ETH, SOL, XRP.
  • A total of 4.5 billion NIGHT tokens will be airdropped.

The NIGHT token is about to go live  with major exchanges readying coordinated airdrops for millions of users across top crypto networks. OKX has confirmed its participation, joining Binance and Kraken in supporting the initial rollout of Midnight’s native coin.

OKX Confirms Support for NIGHT Token Airdrops

The exchange officially declared in a release that it would distribute the Midnight’s NIGHT token to users who hold eligible assets during the official snapshot period. They include ADA, BTC, ETH, SOL, XRP, BNB, AVAX, and BAT.

It was stressed during the exchange that access to airdrop will vary depending on jurisdiction. Also, NIGHT cannot be distributed in all of them due to regulatory limitations.

OKX explained that the balance of each token shall be calculated separately and needs to be fully deposited before the snapshot to be counted toward allocation.

The token will be distributed to eligible users who hold the supported assets through a tiered distribution model. ADA holders will receive 50% of the airdrop pool, the largest share. BTC holders will get 20%.

30% of the airdrop pool will go to holders of ETH, SOL, XRP, BNB, AVAX, and BAT. 

This plan aims to reward participation across different blockchain networks. OKX will also start trading the token soon after the distribution begins. 

This comes after Binance said it will list the NIGHT token on December 9. Users who qualify can claim their allocation after trading begins. Kraken announced that it will also list the new token.

Charles Hoskinson Shares Roadmap for Midnight Network

In an interview , Hoskinson said that the NIGHT token will work using the Midnight platform. This network will use a fast consensus system named Jolteon, which is designed for high performance.

Jolteon can handle up to 5,000 transactions each second and has fast block times. This allows privacy-focused smart contracts to work well while still keeping security.

The network will launch with a nine-month integration period. During this time, the focus will be on testing and ensuring stability with the wider Cardano system. According to Hoskinson, new features will come out every one to three months.

The Midnight Foundation plans to airdrop 4.5 billion tokens in total. Trading will start today on many other platforms. 

The NIGHT airdrop was announced in August. This brought excitement across the crypto community as investors anticipate growth for the token.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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