Cardano’s Midnight Community has launched its extremely anticipated NIGHT token airdrop, and the crypto neighborhood responded in full pressure. Inside hours of the August 5 launch of the “Glacier Drop” section, over 11,000 wallets throughout eight main blockchains claimed greater than 250 million NIGHT tokens.
Associated Studying
The Midnight claim portal, now reside, helps wallets from Cardano, Bitcoin, Ethereum, XRP, Solana, BNB, Avalanche, and Courageous’s BAT. In whole, 33.6 million wallets are eligible to take part in this multi-phase distribution.
ADA's worth traits sideways on the day by day chart, regardless of the launch of the extremely anticipated Cardano NIGHT airdrop. Supply: ADAUSD on Tradingview
Phased Airdrop Mechanics and Cross-Chain Eligibility
Whereas Cardano customers will obtain the most important share, 50% of the overall 24 billion NIGHT tokens, holders from different networks are additionally included in the drop. The declare course of is designed to be truthful and non-custodial, requiring customers to confirm eligibility and signal a transaction.
This primary section will stay open for 60 days, adopted by a second section (Scavenger Mine) the place customers can earn unclaimed tokens by on-chain computational duties. A 3rd “Misplaced-and-Discovered” stage will start post-mainnet and permit late claims for a restricted fraction of the unique allocation.
Ledger Pockets Glitch Hampers Some Cardano Customers
Regardless of the thrill, not every part has gone easily. Many ADA holders utilizing Ledger {hardware} wallets reported points when attempting to say NIGHT tokens.
In keeping with Cardano founder Charles Hoskinson, the issue lies with Ledger’s firmware, which at the moment helps message signing of solely 31 bytes, far wanting the 251 bytes wanted for the Glacier Drop.
Associated Studying
Cardano builders are actively engaged on a workaround, urging affected customers to strive once more later in the month. “In case you are one of many impacted individuals, then come again in direction of the top of the month and check out once more,” Hoskinson suggested on X.
$71M Upgrade Fails to Raise ADA Value
Surprisingly, the airdrop’s momentum comes at a time when Cardano’s $71 million community improve has underwhelmed the market. Designed to reinforce good contract efficiency and scalability, the replace has barely moved ADA’s worth, which hovers round $0.72, a 2.92% drop in the final 24 hours.
Cowl picture from ChatGPT, ADAUSD chart from Tradingview
