OKX crypto trade has launched a brand new airdrop marketing campaign for Midnight, Cardano’s companion chain, providing eligible customers throughout Europe a complete reward pool of 5 million $NIGHT tokens.
The seven-day marketing campaign adopts a Commerce-to-Earn mannequin, rewarding customers based mostly on each their crypto holdings and buying and selling exercise. Based on the marketing campaign countdown, individuals have 5 days remaining to register and qualify for the promotion.
(*5*)
Eligible customers who full the registration and fulfill the marketing campaign necessities will robotically obtain day by day $NIGHT token distributions all through the promotional interval.
OKX Combines Asset Holdings With Buying and selling Exercise
In contrast to conventional cryptocurrency airdrops that primarily reward pockets holders, OKX’s newest X Drops marketing campaign requires individuals to keep up eligible crypto belongings whereas actively buying and selling on the platform.
To qualify for the promotion, customers should:
- Maintain a minimum of €500 ($571.85) value of eligible cryptocurrency belongings of their OKX account. Practically all non-stablecoin cryptocurrencies qualify.
- Commerce eligible cryptocurrency pairs throughout the marketing campaign interval.
- Register for the X Drops marketing campaign earlier than the registration deadline.
As soon as customers meet these situations, they robotically develop into eligible to obtain day by day allocations from the 5 million $NIGHT token reward pool with out submitting further claims.
Commerce-to-Earn Mannequin Rewards Energetic Members
A key function of the marketing campaign is its Commerce-to-Earn mechanism, which determines rewards based mostly on every participant’s buying and selling quantity relatively than distributing equal quantities to everybody.
OKX calculates every person’s share utilizing a rolling seven-day buying and selling quantity. In consequence, individuals who generate greater qualifying buying and selling volumes obtain a bigger portion of the day by day $NIGHT token rewards.
The trade additionally provides an extra incentive for buying and selling the Midnight token itself. Particularly, all qualifying $NIGHT trades obtain a 5x weighting when calculating rewards, permitting lively $NIGHT merchants to extend their share of the day by day distribution.
As soon as calculated, rewards are credited robotically to eligible customers’ accounts every day with out requiring any guide redemption.
Midnight’s First Airdrop
The present OKX marketing campaign just isn’t Midnight’s first large-scale token distribution.
The $NIGHT token formally debuted by way of a multi-chain airdrop that rewarded holders throughout eight blockchain networks, together with XRP Ledger, Cardano, Solana, Ethereum, and Bitcoin. Users who held a minimum of $100 value of the native belongings on eligible blockchains certified to obtain $NIGHT allocations.
The Midnight Basis adopted a phased redemption schedule. Allotted tokens unlock progressively over 4 quarterly intervals, with 25% turning into redeemable throughout every section.
The third redemption window is at present lively and runs from June 8 by way of September 5, 2026. The ultimate redemption interval is scheduled to happen between September 6 and December 4, 2026, permitting eligible recipients to say the rest of their allotted $NIGHT tokens.
Within the meantime, $NIGHT was buying and selling at $0.027, down 11.22% over the previous week, and eight.81% over the previous month. With a market cap of $459.97 million, $NIGHT ranks because the 81st-biggest token on CoinMarketCap.
