Introduction to Midnight Network's Glacier Drop
The Midnight Network has introduced a groundbreaking token distribution framework called Glacier Drop, designed to ensure accessibility and fairness for participants across eight major blockchain ecosystems. This innovative model allocates 100% of $NIGHT tokens—the native utility token of the privacy-focused Midnight Network—to eligible users without intermediaries or preferential treatment.
Key Features of Glacier Drop:
- Multi-Phase Airdrop: Three distinct phases ensure broad participation and long-term engagement.
- Ecosystem Inclusion: Supports users from Bitcoin, Ethereum, Cardano, Solana, Binance Chain, Brave, Ripple, and Avalanche.
- Anti-Sybil Measures: Eligibility based on snapshot balances ($100 minimum) to deter farming.
Glacier Drop Phases Explained
1. Claim Phase (60 Days)
- 100% token allocation for eligible wallets holding native tokens of the eight supported networks.
- Tokens are locked initially to prevent market volatility.
2. Scavenger Mine Phase (30 Days)
- Unclaimed tokens become available via computational tasks ("Proof of Work").
- Open to all participants, including those who missed the Claim Phase.
3. Lost-and-Found Phase (4 Years)
- Missed allocations can be reclaimed post-mainnet launch through self-directed methods.
Tokenomics and Redemption Mechanism
The "Redemption Period" employs a unique thawing schedule:
- Tokens unlock in four randomized installments within 360-day windows.
- Designed to incentivize long-term holding and reduce sell pressure.
"Glacier Drop redefines fairness in airdrops by prioritizing genuine users over centralized entities,"
— Fahmi Syed, President of the Midnight Foundation.
Eligibility and Snapshot Details
- Snapshot Completed: Wallets holding ≥$100 in eligible tokens at snapshot time qualify.
- Goal: Reward active ecosystem participants while mitigating Sybil attacks.
FAQs
1. How do I check if I’m eligible for the Glacier Drop?
Eligibility is based on a pre-recorded snapshot. Visit Midnight’s official channels for verification tools.
2. Can I participate if I missed the Claim Phase?
Yes! The Scavenger Mine phase allows broader participation via computational tasks.
3. What’s the purpose of the thawing mechanism?
Gradual token release stabilizes prices and encourages network participation.
About Midnight Network
- Midnight TGE: Manages $NIGHT distribution to decentralize the ecosystem.
👉 Learn more about Midnight’s vision - Midnight Foundation: Advances privacy-enabling smart contracts with ZK-proofs and dual-tokenomics ($NIGHT + DUST).
Disclaimer: This content is for informational purposes only. Always conduct independent research.
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