- Midnight Network revealed its NIGHT token distribution details and airdrop mechanism ahead of next month’s token claims.
- The airdrop, called Glacier Drop, will allocate all NIGHT tokens across eight blockchains: Bitcoin, Ethereum, Cardano, Solana, Binance Chain, Brave, Ripple, and Avalanche.
- Eligible wallets holding at least $100 in native assets during a set snapshot can claim their allocation during a 60-day initial claim period starting in July.
- Unclaimed tokens will be redistributed through a 30-day Scavenger Mine phase requiring users to complete computational tasks, followed by a four-year Lost-and-Found period for missed claims.
- NIGHT tokens will unlock in four random stages over 360 days to minimize volatility, with more information available at midnight.network.
Midnight Network, a blockchain platform focused on privacy and zero-knowledge smart contracts, has published its tokenomics guide and introduced its Glacier Drop airdrop strategy for the NIGHT token. Token claims will begin in July for eligible users.
According to a recent announcement from the company, Glacier Drop is a multi-step distribution that allocates NIGHT tokens to users on eight main blockchain networks: Bitcoin, Ethereum, Cardano, Solana, Binance Chain, Brave, Ripple, and Avalanche. The claim process begins with a 60-day window, during which wallets that held at least $100 worth of native tokens at the time of a predesignated snapshot can receive their share.
After this window, any tokens that remain unclaimed will be available during a 30-day Scavenger Mine phase. In this step, participants will need to perform computational tasks, similar to proof-of-work activities, to access the leftover tokens.
Once the mainnet launches later this year, a four-year Lost-and-Found phase will start. During this period, original eligible users who missed earlier claim phases can recover a portion of their NIGHT token allocation by verifying their identity.
Fahmi Syed, president of the Midnight Foundation, explained that these steps reflect the protocol’s vision of “rational privacy.” The goal is to give users and developers precise control over what data is shared on the blockchain.
To help prevent sudden price swings, NIGHT tokens will not all become available at once. Instead, they will unlock in four random batches across 360 days—a process called the “thawing mechanism.” More detailed eligibility requirements and updates are available at midnight.network. The snapshot determining eligibility has already been taken.
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