In brief
- Midnight Network will hand out its NIGHT token to holders of Bitcoin, Ethereum, XRP, Cardano, and more.
- The privacy-focused blockchain will make 100% of its 24 billion tokens available to claimers.
- Eligible users include those with at least $100 worth of supported assets as of a June 11 snapshot.
Midnight Network, a privacy and data protection blockchain with connections to Cardano, will offer NIGHT tokens to users of Bitcoin, Ethereum, Solana, and other major networks as part of its launch airdrop.
The protocol revealed its two-token system and “Glacier Drop”—a multi-phase token distribution event—plans in a 45-page tokenomics white paper on Monday.
“Traditional tokenomic models rely on a single token and require users to spend tokens for every transaction, creating economic uncertainty due to token price volatility,” the paper reads. “Further, their initial token distributions often favor insiders and…
