1 week ago
Midnight Network, a privacy-focused sidechain successful the Cardano ecosystem, has initiated its archetypal token organisation signifier for NIGHT, targeting users crossed 8 large blockchains to reframe cross-chain worth allocation.
Dubbed the “Glacier Drop,” the airdrop is unrecorded arsenic of Wednesday and disposable to wallets that held astatine slightest $100 successful autochthonal tokens connected Bitcoin, Ethereum, Solana, BNB Chain, Cardano, Avalanche, XRP Ledger, oregon Brave arsenic of a June 11 snapshot.
Cardano holders are receiving the bulk of the NIGHT airdrop, with 50% of full proviso allocated to ADA wallets. Bitcoin (BTC) holders travel with 20%, portion the remaining 30% is distributed proportionally among ether (ETH), XRP (XRP), Solana's SOL (SOL), BNB (BNB), AVAX (AVAX), and BAT (BAT) holders based connected USD worth astatine the snapshot.
Unlike emblematic airdrops, NIGHT tokens won’t beryllium tradable immediately. Instead, aft Midnight mainnet goes live, tokens volition unlock implicit 4 randomized events wrong a 360-day window, aiming to forestall speculative dumping and enforce staggered engagement.
The driblet is structured successful 3 phases:
- Claim Phase – existent 60-day window
- Scavenger Mine – a 30-day post-claim play rewarding on-chain engagement for unclaimed NIGHT
- Lost-and-Found – a four-year model for precocious claims aft launch
Midnight positions itself arsenic a zero-knowledge astute declaration web with selective disclosure, blending privateness and transparency successful regulated usage cases.
The NIGHT rollout marks a uncommon coordinated, non-EVM-native airdrop targeting aggregate Layer 1 ecosystems, and could signifier aboriginal organisation mechanics for privacy-focused chains.
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