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Highlights
- Cardano founder Charles Hoskinson confirmed that XRP holders will receive NIGHT tokens from the upcoming Midnight network.
- 5% of 24 billion NIGHT tokens have been allocated to XRP holders.
- This airdrop positions XRP holders as early stakeholders in Midnight’s ecosystem.
Founder of Cardano has confirmed at Consensus 2025 that XRP holders will receive a significant share of NIGHT tokens from the upcoming Midnight network.
1.2 Billion NIGHT Tokens Reserved for XRP Holders
At Consensus 2025, Cardano founder Charles Hoskinson announced that XRP holders will be among the beneficiaries of a major NIGHT token airdrop from the upcoming Midnight network. Hailed as the “largest airdrop ever” in terms of reach, intends to send tokens to millions of wallets. This would be a significant advancement for cross-chain cooperation.
The Midnight network, a privacy-focused sidechain built for Cardano, is distributing its native NIGHT tokens to multiple blockchain communities. According to the network’s tokenomics, XRP holders are allocated 5% of the 24 billion NIGHT tokens planned for distribution. This is equivalent to roughly 1.2 billion tokens. Eligibility was determined by a snapshot taken on June 10. It captured wallets holding at least $100 worth of XRP at that time.
Across several ecosystems, including Bitcoin, Ethereum, Solana, BNB, AVAX, BAT, and Cardano itself, a total of 37 million wallets were found to be eligible. 50% of the allocation will go to Cardano holders, 20% will go to Bitcoin wallets, and 30% will go to other blockchain communities such as XRP.
How XRP Holders Can Claim Their Share
The Midnight team recently dropped a teaser on the potential start of its airdrop, but no date has been communicated yet. Meanwhile, the snapshot details have now been released, and investors can check relevant wallet addresses against the listed requirements to confirm eligibility. If eligible, here are a few details;
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Eligible investors will be able to claim their airdrop during a 60-day window.
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Unclaimed tokens are redistributed to participants who complete computational tasks through the 30-day Scavenger Mine initiative.
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Original claimants have up to four years to verify and reclaim unclaimed tokens through self-verification.
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NIGHT tokens will be unlocked in four random installments across 360 days to minimize supply shocks and foster sustained engagement.
Notably, Hoskinson emphasized that integrating XRP holders and other ecosystems aims to unite the cryptocurrency community and transcend zero-sum competition. The founder of Cardano has consistently argued that cooperation is the next stage towards the sector’s maturity.
As CoinGape earlier reported, Cardano founder Charles Hoskinson and Ripple CTO David Schwartz had previously exchanged views on Midnight’s groundbreaking privacy framework and XRP’s evolving role in the crypto space.
Hoskinson had outlined how Midnight could lead privacy-focused decentralized applications while still respecting regulatory standards. Additionally, Schwartz called Midnight’s design “extremely interesting,” praising its scalability and user privacy.
Midnight is a new type of blockchain that focuses on maintaining data privacy and adhering to regulations. It utilizes zero-knowledge cryptography to enable developers and businesses to create applications. This helps safeguard user information while complying with legal standards. The NIGHT token allows users to participate in governance, while the DUST token is used to pay for transactions on the network.
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