Airdrops and presale token distribution are always alluring for crypto aficionados; a chance to grab free or less-priced tokens. Adding to the latest list of airdrops comes that of Midnight’s latest announcement. Midnight, a data protection blockchain and a privacy-focused sidechain on Cardano, is glowing as it will bring more excitement to crypto enthusiasts ready to collect their NIGHT tokens.
What is Midnight’s Glacier Drop?
Glacier Drop is a unique name given by the blockchain to their NIGHT token airdrop. The blockchain will distribute its NIGHT tokens to 37 million wallets for free via the Glacier Drop, announced Cardano founder Charles Hoskinson, in a live session. Worth noting, wallets holding Cardano, Solana, Bitcoin, Ethereum, Ripple, BNB, Avalanche, and BAT will be available to collect the free tokens, while venture capitalists are excluded from the distribution.
“The Glacier Drop is designed to onboard users from multiple chains into a shared privacy-first ecosystem”, read an X post by Cardanians, an official Cardano community group.
And wondered, who will get the largest share? According to the X post, Cardano (ADA) holders are likely to receive the largest share of the Glacier Drop. “Since NIGHT will be a Cardano native token, cross-chain users will need to create a Cardano wallet to claim”. However, Cardano native tokens or NFTs on Cardano are not eligible for the airdrop, even if users hold them.
When will Midnight airdrop NIGHT tokens?
An X post from Cardanians read that the airdrop is expected to fall in July. However, the Midnight team hasn’t officially confirmed the exact time and date. Midnight is a Cardano partner chain, meaning it is connected to and works with the Cardano ecosystem. The purpose of a partner chain is to extend the capabilities of Cardano.
Besides NIGHT, Midnight has DUST tokens designed to pay for transactions and smart contract usage on this privacy-focused sidechain. When NIGHT tokens handle governance and incentives, DUST tokens back private transactions and network usage.
