The long-awaited Midnight Glacier airdrop is finally on its way. A snapshot has been taken, and users holding top tokens like Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Solana (SOL), Binance Coin (BNB), Cardano (ADA), Basic Attention Token (BAT), and Avalanche (AVAX) are now eligible to receive free NIGHT and DUST tokens.
Cardano founder Charles Hoskinson confirmed the snapshot in a post on X (formerly Twitter), marking the start of what could be one of the biggest multi-chain airdrops in crypto. “The snapshot is done,” Hoskinson announced, with over 37 million wallets expected to benefit.
The Glacier Drop is how Midnight will hand out its NIGHT tokens, which give users a say in how the Midnight Network will run. The airdrop covers eight different blockchains. The airdrop is only for eligible wallets that have held at least $100 worth of eligible tokens at the time of the snapshot.
These wallets can claim the airdrops starting from July, and will run for 60 days. The team has added a four-year “Lost-and-Found” period where users can still get some of their tokens back if they miss the claim window.
After the first claim period, Midnight will launch a 30-day “Scavenger Mine” phase. Anyone who missed their drop can earn leftover tokens by solving tasks that require computing power. It’s kind of like mining, but without needing expensive equipment.
To keep people from dumping the token all at once, NIGHT will be released in four random drops over a full year. This helps keep the token stable and spreads out its use over time. It also gives developers more time to build cool stuff without sudden price crashes.
Midnight says this method is called a “Glacier Drop” because it releases tokens slowly and fairly. The project’s whitepaper says this plan helps avoid fake claims and bots, which is something many past airdrops struggled with.
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