XRP News Today: Midnight Network Airdrops 1.2 Billion NIGHT Tokens to XRP Holders

Midnight Network has initiated an airdrop of its NIGHT tokens to XRP holders, marking a significant event in the cryptocurrency community. The airdrop, part of a broader initiative, aims to distribute 1.2 billion NIGHT tokens to eligible XRP holders. To qualify, holders needed to maintain a balance of at least $100 in XRP at the time of the snapshot, which occurred on June 11, 2025. This move is designed to incentivize XRP holders and foster greater engagement within the crypto community.

The distribution process is structured to ensure fairness and transparency. The initial 25% of the tokens will be unlocked in July 2025, with the remaining tokens gradually released over the next 12 months. This phased approach is intended to mitigate potential market volatility that often accompanies large token distributions. The airdrop requires no Know Your Customer (KYC) verification, making it accessible to a broader range of participants. However, claimants must sign with their eligible wallet and provide a valid Cardano address to receive their tokens.

The airdrop has garnered positive feedback from the community, particularly for its KYC-free approach and the gradual release of tokens. This strategy aligns with previous successful airdrops, such as those by Flare and Uniswap, which focused on reducing Sybil attacks and encouraging longer-term holding. By spreading the token release over a year, Midnight Network aims to stabilize the market and promote a more sustainable ecosystem.

The integration of Cardano in the claiming process hints at potential future collaborations and technological alignments within the blockchain sector. This airdrop not only supports wider crypto engagement but also enhances overall trust in the ecosystem. The event underscores the importance of real-asset verification and the benefits of gradual token unlocking, reflecting broader industry trends towards stability and fairness.