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Knowing How the $NIGHT Token Distribution Works for XRP holders
The main utility token at the heart of the Midnight Network is $NIGHT. The Glacier Drop will be used to disperse a sizable amount of the 24 billion tokens in total. Cardano holders will get the biggest portion, with 12 billion tokens (or 50%) going to them, according to the whitepaper. 1.2 billion tokens, which are part of the 7.2 billion distributed among six other blockchains, including XRP, BAT, Ethereum, and others, are available to holders of XRP.
The quantity of XRP held at the moment of the snapshot will determine the incentives that holders will get. A greater percentage of the $NIGHT tokens, for instance, will go to people who own more XRP. Depending on individual balances, the exact distribution will change.
Claiming $NIGHT token :
$NIGHT Token Claiming and Locking Beginning in July 2025, holders of eligible XRP can start claiming their $NIGHT tokens. Users only need to input a Cardano address and sign with their wallets to complete the simple process. To take part in the airdrop, there is no cost and no KYC (Know Your Customer) verification is necessary.
The $NIGHT tokens will be locked into a Cardano-based smart contract after they are claimed.
By distributing tokens progressively over the Redemption Period, this contract will avoid sudden sell-offs. Over the course of the following year, the tokens will be "thawed" in four parts, promoting sustained network engagement and lowering possible market volatility.
#TokenListing
#nighttoken
#MidnightNetwork
The quantity of XRP held at the moment of the snapshot will determine the incentives that holders will get. A greater percentage of the $NIGHT tokens, for instance, will go to people who own more XRP. Depending on individual balances, the exact distribution will change.
Claiming $NIGHT token :
$NIGHT Token Claiming and Locking Beginning in July 2025, holders of eligible XRP can start claiming their $NIGHT tokens. Users only need to input a Cardano address and sign with their wallets to complete the simple process. To take part in the airdrop, there is no cost and no KYC (Know Your Customer) verification is necessary.
The $NIGHT tokens will be locked into a Cardano-based smart contract after they are claimed.
By distributing tokens progressively over the Redemption Period, this contract will avoid sudden sell-offs. Over the course of the following year, the tokens will be "thawed" in four parts, promoting sustained network engagement and lowering possible market volatility.
#TokenListing
#nighttoken
#MidnightNetwork
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Midnight Network announces Airdrop of NIGHT tokens for Bitcoin, Ethereum, Cardano users
Midnight Network, a blockchain focused on privacy and data protection with close ties to Cardano, will conduct an airdrop of NIGHT tokens to millions of users across major networks such as Bitcoin, Ethereum, $XRP , Cardano, Solana, BNB Chain, Avalanche, and Basic Attention Token (BAT).
Multi-phase token distribution strategy: "Glacier Drop"
The protocol has revealed a two-token system and the "Glacier Drop" plan – a multi-phase token distribution event – in a 45-page tokenomics white paper published on Monday. Midnight Network is committed to providing up to 100% of the NIGHT token supply in the initial distribution phase, Glacier Drop, to counter traditional tokenomics models that often favor insiders and early investors.
Multi-phase token distribution strategy: "Glacier Drop"
The protocol has revealed a two-token system and the "Glacier Drop" plan – a multi-phase token distribution event – in a 45-page tokenomics white paper published on Monday. Midnight Network is committed to providing up to 100% of the NIGHT token supply in the initial distribution phase, Glacier Drop, to counter traditional tokenomics models that often favor insiders and early investors.
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