Cardano’s new privacy-focused sidechain, Midnight, is launching a huge airdrop called the “Glacier Drop.” This airdrop distributes 24 billion NIGHT tokens, Midnight’s native token.
How NIGHT Tokens Work
NIGHT is a utility token that generates DUST, a resource used on the Midnight network. DUST is not transferable and burns upon use, unlike typical transaction fees. Block producers earn newly minted NIGHT tokens, with inflation designed to decrease over time.
The Glacier Drop: Who Gets NIGHT?
The Glacier Drop is the first phase of a three-part airdrop. A total of 24 billion NIGHT tokens are up for grabs, distributed across eight different blockchains based on a snapshot of holdings.
- 50%: Goes to Cardano (ADA) holders.
- 20%: Goes to Bitcoin (BTC) holders.
- 30%: Split between Ethereum (ETH), Solana (SOL), XRP, BNB Chain, Avalanche, and Brave wallet holders, proportionally to their holdings at the snapshot.
To be eligible, you needed at least $100 worth of the native asset on one of these chains at the snapshot time and not be on an OFAC sanctions list. You’ll need to prove ownership and provide a new Cardano address to receive your NIGHT. Exchange users are out of luck unless the exchange claims on their behalf.
Claiming Your NIGHT Tokens
The claiming period will last 60 days. Claimed tokens are locked initially and will “thaw” gradually over time. The exact thaw schedule hasn’t been released yet. Unclaimed tokens will go to later phases of the airdrop.
To claim, you need to:
- Have held your assets in a self-custody wallet at the snapshot.
- Ensure your wallet isn’t on any sanctions lists.
- Prepare a new, unused Cardano address.
- Sign a message when the claim portal opens.
The team will announce the exact start date and thaw schedule soon on the Midnight website.
