On June 24, 2023, Midnight Network launched the Glacier Airdrop of its NIGHT tokens targeting eight major blockchains aimed at enhancing privacy control through scalable architecture.
Key Developments and Impact
The strategic release of NIGHT tokens will roll out in three phases, enhancing private data management for developers through the blockchain. Fahmi Syed, President of the Midnight Foundation, emphasized that this initiative will facilitate rational privacy, allowing developers to have granular control over what data is shared on-chain.
Glacier's Multichain Approach
The multichain approach of Glacier is expected to drive increased activity and engagement on the Midnight Network once tokens become tradeable. The release strategy avoids oversupply by distributing tokens in randomized installments over 360 days, reducing market volatility risks.
Phased Rollout of Glacier Drop and Privacy Innovations
The extended eligibility of the Midnight Glacier Drop incorporates a multichain snapshot, contrasting previous airdrops by providing tailored anti-Sybil protections. As of June 24, 2025, CoinMarketCap notes that Midnight Evergreen (NIGHT) remains at an early stage with no current market capitalization. Trading volume in the past 24 hours was $48,354.56, marking a 55.58% change.
The launch of NIGHT tokens and the Glacier Drop strategy represent significant steps in data privacy management and may influence future multichain initiatives in the blockchain space.
