Midnight Network, a blockchain focused on privacy and data protection, is set to distribute NIGHT tokens to users of major cryptocurrencies like Bitcoin, Ethereum, and Cardano through its Glacier Drop airdrop. The protocol introduced a two-token system and detailed its multi-phase token distribution in a recent white paper. Unlike traditional models that often favor early investors, Midnight aims to democratize access by allocating up to 100% of its NIGHT supply during the Glacier Drop. Eligible users holding over $100 in specific cryptocurrencies as of a June 11 snapshot can claim tokens, with 50% reserved for Cardano holders, 20% for Bitcoin, and the rest for other networks. However, these tokens will be locked initially and will unlock in increments over 360 days. Any unclaimed tokens will transition to a second phase, the Scavenger Mine, where users can earn tokens by providing computational power. The network, currently in testnet, plans to launch its mainnet 90 days post-Glacier Drop. Read more AI-generated news on: https://app.chaingpt.org/news

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