- Midnight Network’s NIGHT token airdrop rewards XRP holders.
- Eligible holdings require a $100 XRP balance at snapshot.
- 25% tokens unlock immediately, remainder in 12 months.
The event is significant as it incentivizes XRP holders and promotes engagement within crypto communities.
Midnight Network, through its Glacier Drop, plans to distribute 1.2 billion NIGHT tokens to XRP holders. The snapshot took place on June 11, 2025, requiring eligible wallets to maintain $100 in XRP. The initial 25% token release in July 2025 will be followed by gradual unlocking over one year.
XRP, NIGHT, and Cardano are key players in this airdrop, with no KYC required for participation. Wallet signature verification, along with a Cardano address, is mandatory for claiming. The distribution process aims to ensure transparency and fairness among recipients.
“Claiming will require you to sign with your eligible wallet and provide a valid Cardano address for token receipt.” – Midnight Network Leadership, Midnight Network
The NIGHT airdrop has received positive community feedback, particularly for its KYC-free approach. By spreading the token release over a year, Midnight Network intends to mitigate potential volatility issues. Historically, similar airdrops stimulated short-term market activity.
Midnight Network’s approach aligns with precedents set by previous airdrops like Flare and Uniswap, focusing on reducing Sybil attacks. The event underscores the significance of real-asset verification and encourages longer-term holding, reflecting broader industry trends.
Though financial impacts remain speculative, gradual unlocking aims to stabilize markets. The airdrop supports wider crypto engagement, enhancing overall ecosystem trust. Integrating Cardano hints at future aligning of technological strategies within blockchain sectors.
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| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
