Monday, November 17, 2025
DIGESTWIRE
Contribute
CONTACT US
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
  • Blog
  • Founders
No Result
View All Result
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
  • Blog
  • Founders
No Result
View All Result
DIGESTWIRE
No Result
View All Result
Home Blockchain

Cardano sidechain Midnight starts token distribution to ADA, XRP, BTC holders

by DigestWire member
August 5, 2025
in Blockchain, Crypto Market, Cryptocurrency
0
Cardano sidechain Midnight starts token distribution to ADA, XRP, BTC holders
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Cardano privacy-focused sidechain Midnight Network has opened the Claim Phase of its NIGHT tokens.

Dubbed “Glacier Drop,” this phase will distribute NIGHT tokens to eligible wallets across eight blockchain ecosystems, according to an August 5 announcement. The launch follows publication of Midnight’s tokenomics paper earlier this summer, which set out the network’s distribution model and role for NIGHT. 

Midnight stated that Glacier Drop will be a multi-phase, community-focused distribution intended to broaden access while resisting manipulation. 

After the current Claim Phase, a 30-day “Scavenger Mine” will let newcomers perform on-chain work for unclaimed tokens, and a four-year “Lost-and-Found” will enable late claims from original eligible wallets following mainnet launch.

Eligibility was determined by a June 11 snapshot. Wallets holding at least $100 in native tokens on Bitcoin, Ethereum, Cardano, Solana, BNB Chain, Brave, Ripple (XRP Ledger), or Avalanche can connect to the official claim portal and redeem an allocation. 

The window to claim remains open for 60 days, according to the project’s announcement and portal guidance. 

Midnight Foundation president Fahmi Syed stated: 

“This airdrop is a rethink of how value and access can be distributed across chains, communities, and use cases and is designed to resist manipulation and encourage long-term engagement.”

Participants can access the claim process via Midnight’s official Glacier Drop portal by connecting a qualifying wallet and following the non-custodial flow.

Tokens remain locked

Claimed NIGHT does not unlock immediately. Once the mainnet is live, tokens will enter a Redemption Period that releases holdings in four random “thaw” events over 360 days, a structure designed to smooth supply and reward longer-term participation. 

Midnight TGE, the entity responsible for the initial NIGHT distribution in line with the network’s decentralization plan, will administer the rollout. The team reiterated that users should verify they are using the official URL before connecting a wallet. 

Midnight positions itself as a privacy-first network that uses zero-knowledge proofs and selective disclosure to let users share data when necessary while keeping sensitive information protected. 

The project is being developed as a sidechain within the Cardano ecosystem, providing interoperability while targeting data-protection use cases.

The post Cardano sidechain Midnight starts token distribution to ADA, XRP, BTC holders appeared first on CryptoSlate.

Read Entire Article
Tags: BlockchainCoin SurgesCryptoslate
Share30Tweet19
Next Post

Why Litecoin (LTC) Could Skyrocket Soon: ETF Momentum and Rising Merchant Adoption

DOGE Holds Above $0.18 as RSI Signals 70% Rally Potential: Can Dogecoin Outperform in Q3?

Route 1 miniature store is closing after 24 years 

Route 1 miniature store is closing after 24 years 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result
Coins MarketCap Live Updates Coins MarketCap Live Updates Coins MarketCap Live Updates
ADVERTISEMENT

Highlights

Nigeria 1-1 (3-4 pens) DR Congo: Report, result and goals as Super Eagles World Cup hopes shattered

NFL Week 11 scores, results, highlights including Giants vs Packers, Titans vs Texans, Falcons vs Panthers, Vikings vs Bears, Jaguars vs Chargers, Bills vs Buccaneers and Steelers vs Bengals

Akliouche ‘proud’ after netting first France goal

Dress ‘Dawson’s Creek’-Preppy in This Cozy Sweater That Screams ‘East Coast’

Below Deck Down Under’s Daisy Says Ben Was Not Easy to Work With on Season 4

Tamra Judge Reacts to Vicki Gunvalson’s Surprise ‘RHOC’ Season 20 Return

Trending

Konstas named in Prime Minister’s XI to face England
Cricket

Konstas named in Prime Minister’s XI to face England

by DigestWire member
November 17, 2025
0

The opener is one of a crop of young batters who will feature in the two-day pink-ball...

Mitchell in doubt for remainder of ODI series against West Indies

Mitchell in doubt for remainder of ODI series against West Indies

November 17, 2025
Bitcoin Dips Lose Meaning With Hundreds of Trillions Near Entry, Says Bitwise

Bitcoin Dips Lose Meaning With Hundreds of Trillions Near Entry, Says Bitwise

November 16, 2025
Nigeria 1-1 (3-4 pens) DR Congo: Report, result and goals as Super Eagles World Cup hopes shattered

Nigeria 1-1 (3-4 pens) DR Congo: Report, result and goals as Super Eagles World Cup hopes shattered

November 16, 2025
NFL Week 11 scores, results, highlights including Giants vs Packers, Titans vs Texans, Falcons vs Panthers, Vikings vs Bears, Jaguars vs Chargers, Bills vs Buccaneers and Steelers vs Bengals

NFL Week 11 scores, results, highlights including Giants vs Packers, Titans vs Texans, Falcons vs Panthers, Vikings vs Bears, Jaguars vs Chargers, Bills vs Buccaneers and Steelers vs Bengals

November 16, 2025
DIGEST WIRE

DigestWire is an automated news feed that utilizes AI technology to gather information from sources with varying perspectives. This allows users to gain a comprehensive understanding of different arguments and make informed decisions. DigestWire is dedicated to serving the public interest and upholding democratic values.

Privacy Policy     Terms and Conditions

Recent News

  • Konstas named in Prime Minister’s XI to face England November 17, 2025
  • Mitchell in doubt for remainder of ODI series against West Indies November 17, 2025
  • Bitcoin Dips Lose Meaning With Hundreds of Trillions Near Entry, Says Bitwise November 16, 2025

Categories

  • Blockchain
  • Blog
  • Breaking News
  • Business
  • Cricket
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Football
  • Founders
  • Health Care
  • Opinion
  • Politics
  • Sports
  • Strange
  • Technology
  • UK News
  • Uncategorized
  • US News
  • World

© 2020-23 Digest Wire. All rights belong to their respective owners.

No Result
View All Result
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Blockchain
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
  • Strange
  • Blog
  • Founders
  • Contribute!

© 2024 Digest Wire - All right reserved.

Privacy Policy   Terms and Conditions

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.