Midnight Glacier Airdrop Begins Distribution of NIGHT Tokens to 37 Million Wallets

The Midnight Glacier airdrop, a highly anticipated event in the cryptocurrency world, has officially begun with the completion of its snapshot. This milestone marks the start of the distribution of NIGHT and DUST tokens to eligible holders of various top cryptocurrencies, including Bitcoin (BTC), Ripple’s XRP, Cardano (ADA), and Solana (SOL).

Cardano founder Charles Hoskinson confirmed the snapshot in a post, indicating that over 37 million wallets are expected to benefit from this airdrop. The Glacier Drop, as it is known, is a method by which the Midnight Network will distribute its NIGHT tokens, which grant users governance rights within the network. The airdrop spans eight different blockchains and is open to wallets that held at least $100 worth of eligible tokens at the time of the snapshot.

Eligible users can start claiming their airdrops from July, with a 60-day window to do so. The team behind the airdrop has also implemented a four-year “Lost-and-Found” period, allowing users who miss the initial claim window to retrieve some of their tokens. Following the first claim period, a 30-day “Scavenger Mine” phase will be launched, where users can earn leftover tokens by completing computational tasks, similar to mining but without the need for expensive equipment.

To prevent a sudden dump of tokens, NIGHT will be released in four random drops over the course of a year. This staggered release helps maintain token stability and encourages long-term engagement within the network. It also provides developers with more time to build applications without the risk of sudden price crashes. The Glacier Drop method is designed to release tokens slowly and fairly, aiming to avoid issues with fake claims and bots that have plagued previous airdrops.

The Midnight Glacier airdrop is part of a broader initiative by the Midnight Network to enhance privacy and governance within the blockchain ecosystem. By distributing tokens across multiple blockchains, the project aims to create a decentralized and secure network. The airdrop's design, which includes phased releases and computational tasks, is intended to promote sustained engagement and learn from the challenges faced by previous airdrops.

The airdrop has garnered significant interest from investors eager to participate in the distribution of NIGHT and DUST tokens. The innovative approach to token distribution, coupled with the support from prominent figures like Charles Hoskinson, has contributed to the excitement surrounding the airdrop. As the claim period approaches, eligible holders are advised to prepare their wallets and complete the necessary steps to claim their allocations.