The Midnight Airdrop is not something you want to miss. Find out how to claim it and how to get it in case you missed the original airdrop.
I will show you, without any hassle or confusion, how to claim this Midnight airdrop. And if you didn’t qualify, I still have a little secret. I’m sharing the exact steps that turn a potential missed opportunity into a real win. So, hang on, stay focused, and see how this airdrop claim works. Get ready to beat the clock and claim what’s yours!
Let’s first look at the qualifying criteria for this airdrop. You need to have at least $100 worth of tokens of each of the following coins, in self-custody. For example, MetaMask or Cardano-compatible wallets like Yori or Nami.
So, not on an exchange. The primary focus is on holders of eligible tokens in self-custody wallets. It seems that the snapshot has already been taken on 11th June. So, if you held any of the above tokens worth $100 in your self-custody wallet, you qualify for the airdrop.
Congrats, if you qualify, you can check out the part of the video where I explain how to claim the airdrop.
In case you did not qualify, I will share some secrets to get your share of airdrop tokens. The token distribution is multiphase. There are three ‘Claim phases‘ and a ‘Redemption period’. The initial claim phase lasts for 60 days.
Here’s something you need to know before I start to explain how to claim the Midnight Airdrop. Right now, nobody knows when the claiming period starts. So, that’s a great start, isn’t it?
But not to worry. Charles Hoskinson mentioned that he will reveal more details come early August. Hoskinson is, of course, Cardano’s CEO. As it happens, he’s a speaker at the Rare Evo conference between 6th and 10th August in Vegas. So, most likely, he will share more information during that event. What I do know is that the airdrop will take place before November this year.
The airdrop is for $NIGHT tokens. However, there’s a second token on Midnight, which has the $DUST ticker. $NIGHT is the utility token that powers the Midnight ecosystem. It generates $DUST, which is a shielded and renewable network resource. There are 24 billion $NIGHT tokens. It’s disinflationary, it’s not expendable, and it won’t be burned. You can use it on the Cardano and Midnight chains.
$DUST shields transactions and doesn’t expose any metadata. This is the privacy part. Once used, it’s destroyed. As long as there are $NIGHT balances, it’s renewed into perpetuity. It’s also non-transferable. So, so much for the tokens.
I will cover everything about the airdrop here. This includes how you can claim $NIGHT in case you didn’t qualify for the initial drop.
During all three claim phases, there are three steps to follow.
Source: Midnight airdrop explainer
Here’s how Midnight distributes the airdrop. This is proportional to how many tokens you hold.
So, now let’s take a look at the claiming process.
This will be the official UI (user interface) to claim your $NIGHT allocation. You can use this UI for phases 1 and 2, and for the redemption of your tokens. Midnight will announce the URL of this page in due time.
That’s the wallet address where you hold your eligible tokens. This would be one or more non-Cardano addresses or one or more $ADA addresses. These Origin addresses determine if you’re eligible for the Glacier Airdrop. That’s the first airdrop phase.
Here you can redeem your $NIGHT allocation. This must be a CIP-30 compatible Cardano address. This needs to be a brand new, unused Cardano address! Make sure that it doesn’t have a transaction history. However, you can use one Destination address for various $NIGHT claims. You can use this for phases 1 and 2.
You need to accept the terms and conditions to claim your allocation.
This proves ownership of your Origin addresses and allows you to complete the claim.
Any unclaimed tokens during these 60 days will go to Phase 2, the Scavenger Mine phase. That’s where anybody can take part. More on this in a moment.
The Scavenger Mine phase is open to anyone. So, if you missed the original airdrop because you didn’t qualify, here’s your chance. The only thing you need is a computer. You will need computational power to solve tasks. There’s no need for any special hardware. Anyone with a computer can take part.
All the unclaimed tokens from the original Glacier Airdrop are now up for grabs. So, in case you took part in the Glacier Airdrop, you can use the same Destination address. However, make sure it’s still unused. Your share of unclaimed tokens is in proportion to the computing power you contribute.
After this claim is over, the Midnight mainnet will launch. That’s also when all redemption periods start. Your claimed tokens begin to thaw. More on this in a moment. This also opens phase 3, the Lost-and-Found phase. That is, if conditions are met. So, let’s look at phase 3.
Lost-and-found is the third and also the last claim phase. Dates are still to be confirmed. In case you were eligible but missed the first 60-day claim phase, this is for you. During this phase, you claim a small part of your original allocation.
However, you won’t be able to use the $NIGHT Claim Portal. You will need to deal directly with the smart contract that holds your allocation. I assume that in due time, instructions will be available. On the other hand, there’s no thaw period for Lost-and-Found claims. So, you can claim them immediately. After four years, any unclaimed tokens will go to the on-chain Treasury.
There’s a redemption of 360 days. But no reason to start panicking, you can redeem your tokens during four periods. So, during the redemption period, your tokens thaw. Once they’re thawed, you can claim them.
Every 90 days, you claim 25% of your allocation. The first claim is on a random day, between days 1 and 90. After that, each claim follows a 90-day cycle. The last three unlock dates depend on your first unlock day. See the schedule in the picture below.
Source: Midnight airdrop explainer
Once a thawed share unlocks, you can claim it. You can also wait for the last thawing period and claim all your tokens at once. After the very last tokens thaw, the redemption page stays open for 90 days.
To redeem your share,
You will need to pay a small fee in $ADA for this, so make sure you have a small amount of $ADA on that address.
At some stage, the $NIGHT Claim Portal will be taken down. So, folks, that’s it. I hope you enjoyed this explanation, and I hope that you qualify for the Glacier Airdrop. Let me know in the comments if you do. Also, don’t forget to follow our X and Discord accounts.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
Copyright Altcoin Buzz Pte Ltd.
Casper Network is betting big on EVM support, AI payments, and quantum-safe blockchain infrastructure with its new multi-year roadmap.
Microsoft's bet on Space and Time is starting to pay off with the launch of Dreamspace, a no code app builder
Worldcoin's World ID is now live and updated. It's out to prove you are human when on the web instead of dealing with a bot.
Biggest AIRDROP you’ve never heard of 🚨 @MidnightNtwrk’s Glacier Drop is sending 24B \ $NIGHT to 37M wallets across 8 chains. No presale. No insiders. Just pure on-chain ownership. If you held $100+ on ADA, BTC, ETH, SOL, XRP, etc. on June 11, you’re in. The claim goes live Show more
🧾 Snapshot Date 📅 June 11 Assets had to be in a non-custodial wallet at snapshot time. CEX users may qualify only if the exchange claims on their behalf.
🚨BREAKING Charles Hoskinson confirms that the Midnight Glacier airdrop will take place before November this year! This will be the biggest airdrop ever recorded🤯
