In case you’ve been holding Cardano (ADA), your endurance may lastly repay — and never simply in value good points. A brand new airdrop event by Midnight, a privacy-focused blockchain linked to Cardano, is now reside, providing free NIGHT tokens to eligible ADA holders.
And no, it’s not only a few tokens — the numbers are quite impressive.
So, right here’s how to declare your FREE Night time token.
What Is Midnight and Why Does It Matter?
Midnight is a completely built-in associate chain of Cardano that makes use of Cardano’s Proof-of-Stake (PoS) consensus mechanism for its safety and governance. What units it aside is its robust multichain technique, focusing on not solely Cardano customers but additionally holders on Ethereum, Bitcoin, Solana, and extra.
Nevertheless, the continued buzz is usually across the “Glacier Drop”, the primary section of Midnight’s token distribution plan.
In accordance to the project’s whitepaper, 12 billion NIGHT tokens—half of the complete provide—might be given away to eligible customers. And the most important beneficiary of this ecosystem would be the Cardano pockets holders.
Extra Than Simply an Airdrop—It’s Cardano’s Development Catalyst
What’s thrilling is that Midnight isn’t some aspect challenge—it’s deeply tied into Cardano’s structure. The NIGHT token is minted instantly on Cardano. Stake pool operators (SPOs) may even earn NIGHT with out giving up ADA rewards.
With robust tokenomics, actual utility, and multichain help, Midnight is likely to be the increase Cardano wants to reclaim its highlight within the crypto area.
How to Claim Your NIGHT Tokens
To be eligible for the Midnight airdrop, you need to have held no less than $100 value of ADA in a Cardano pockets on the time of a beforehand taken snapshot.
The claiming course of is easy and gas-free, simply signal together with your pockets and supply a clear Cardano handle.
There’s no KYC or price concerned.
How A lot NIGHT May You Obtain?
Nevertheless, every particular person’s airdrop quantity will depend on how a lot ADA they held in contrast to others. For instance, if you happen to held 5,000 ADA, and the full eligible pool was 1.5 billion ADA, you’d obtain round 40,000 NIGHT tokens.
How A lot 1 NIGHT Token Value?
Now right here’s the place it will get attention-grabbing. If NIGHT reaches a $500 million market cap, every token may very well be value round $0.0208, which suggests your free 40,000 NIGHT tokens may very well be value over $800.
There’s a 60-day window to declare your tokens, and so they gained’t be usable immediately.
In the meantime, claimed tokens will first be locked and can “thaw” step by step throughout the Redemption interval, permitting holders to entry them over time.
