The Cardano team has released a whitepaper for its new blockchain project, Midnight Network, highlighting the upcoming airdrop of NIGHT tokens for XRP holders.
Overview of Midnight Network
This week, the Cardano team introduced the whitepaper for their new project known as Midnight Network. This initiative aims to create a privacy-focused blockchain and offers significant benefits to cryptocurrency holders, particularly XRP holders.
Eligibility for NIGHT Token Airdrop
To be eligible for the NIGHT token airdrop, users must have at least $100 worth of XRP in their wallets on June 11, 2025. If users hold this amount, they will be able to claim a share of the NIGHT tokens.
Stages of Airdrop and Its Features
The NIGHT token airdrop for XRP holders will consist of three stages, starting with the Initial Claim Phase, which will last for 60 days. This will be followed by the Scavenger Mine phase for 30 days, during which users can earn unclaimed NIGHT tokens by completing specific computational tasks. To prevent a massive sell-off, all claimed NIGHT tokens will be locked in a Cardano smart contract, with 25% of the tokens gradually unlocked over a year.
Cardano's Midnight Network project aims to create new opportunities for users, offering privacy benefits and cross-chain interaction, particularly for XRP holders.
