Midnight Network has announced plans for an airdrop of its NIGHT tokens, which holders of various cryptocurrencies, including XRP and Bitcoin, will be able to participate in.
Participation Conditions for the Airdrop
To participate in the airdrop, token holders must have at least $100 in the specified tokens at the time of the snapshot. Midnight Network stated that the distribution process will be fair and inclusive.
Stages of NIGHT Token Distribution
NIGHT tokens will be distributed in stages in three phases. The first phase, Glacier drop, will allow qualified users to claim their full tokens within a 60-day window. In the second phase, lasting for 30 days, participants will be able to claim additional tokens by completing small computing tasks. The final phase, Scavenger Mine, will offer those who missed earlier claims a chance to receive a portion of their original allocation.
Airdrop Participants and Token Distribution
According to the whitepaper, a total of 24 billion NIGHT tokens will be issued. 50% of the total supply will go to Cardano participants, while Bitcoin holders will receive 20%. The remainder will be shared equally among XRP, ETH, BAT, BNB, SOL, and AVAX holders based on their holdings at the time of the snapshot.
The NIGHT token airdrop from Midnight Network is set to be one of the largest in cryptocurrency history, opening new opportunities for users across different blockchains.
