Midnight Community, a privacy-focused sidechain within the Cardano ecosystem, has initiated its first token distribution section for NIGHT, concentrating on customers throughout eight main blockchains to reframe cross-chain worth allocation.
Dubbed the “Glacier Drop,” the airdrop is dwell as of Wednesday and obtainable to wallets that held not less than $100 in native tokens on Bitcoin, Ethereum, Solana, BNB Chain, Cardano, Avalanche, XRP Ledger, or Courageous as of a June 11 snapshot.
Cardano holders are receiving the majority of the NIGHT airdrop, with 50% of whole provide allotted to ADA wallets. Bitcoin (BTC) holders observe with 20%, whereas the remaining 30% is distributed proportionally amongst ether (ETH), XRP (XRP), Solana’s SOL (SOL), BNB (BNB), AVAX (AVAX), and BAT (BAT) holders based mostly on USD worth on the snapshot.
In contrast to typical airdrops, NIGHT tokens received’t be tradable instantly. As an alternative, after Midnight mainnet goes dwell, tokens will unlock over 4 randomized occasions inside a 360-day window, aiming to forestall speculative dumping and implement staggered engagement.
The drop is structured in three phases:
- Declare Part – present 60-day window
- Scavenger Mine – a 30-day post-claim interval rewarding on-chain engagement for unclaimed NIGHT
- Misplaced-and-Discovered – a four-year window for late claims after launch
Midnight positions itself as a zero-knowledge sensible contract community with selective disclosure, mixing privateness and transparency in regulated use instances.
The NIGHT rollout marks a uncommon coordinated, non-EVM-native airdrop concentrating on a number of Layer 1 ecosystems, and will form future distribution mechanics for privacy-focused chains.