Midnight Network is launching an airdrop of its NIGHT tokens to users of major cryptocurrencies including Bitcoin, Ethereum, and Cardano. The airdrop will distribute 100% of its 24 billion tokens to eligible participants holding a minimum of $100 in supported assets as of June 11. The distribution will be carried out in a phased approach known as the Glacier Drop, during which up to 100% of tokens are available for claim. Specifically, 50% of the tokens will go to Cardano holders, 20% to Bitcoin holders, and the remaining to other eligible blockchains. However, tokens will be frozen initially and will vest in 25% increments every 90 days for a total of 360 days. If unclaimed, the tokens will enter a second phase called the Scavenger Mine, allowing participants to earn tokens by contributing computational power. Midnight Network utilizes zero-knowledge proofs for privacy, aiming to provide broad community participation and secure access to data while protecting user wallets.

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