NIGHT Token Drop: Eligibility, Wallet Setup, and Claim Process

The Midnight GlacierDrop is a landmark airdrop event in the Cardano ecosystem, distributing 12 billion NIGHT tokens to ADA holders. This guide covers eligibility criteria, wallet setup, claiming instructions, and future utility of NIGHT tokens—whether you hold ADA on a hardware wallet, stake via a DEX, or keep it on an exchange.

Key Takeaways

✅ 12 billion NIGHT tokens allocated to Cardano (50% of total supply).
✅ Snapshot eligibility: Hold ADA in a self-custody wallet or supported exchange.
✅ Claiming requires a new Cardano address for privacy (per Midnight’s whitepaper).
✅ Exchanges and DeFi platforms may need to facilitate claims for users.

Understanding the GlacierDrop

Token Distribution

Midnight Foundation’s GlacierDrop spans 8 blockchains, with Cardano receiving the largest share:

| Blockchain | Allocation (%) | NIGHT Tokens (Billion) |
|------------|--------------|-----------------------|
| Cardano (ADA) | 50% | 12 |
| Bitcoin | 20% | 4.8 |
| Ethereum, Solana, etc. | 30% | 7.2 |

👉 Learn more about Midnight’s tokenomics

Eligibility and Snapshot Details

Who Qualifies?

• Self-custody wallets (e.g., Trezor, Ledger, Lace, Eternal).
• Staked or unstaked ADA (staking not confirmed as mandatory).
• Exchanges: Only if they opt-in to distribute tokens (check with your platform).

⚠️ Exclusions:

• ADA locked in DeFi protocols (unless the platform claims tokens for users).
• ETH staked via LIDO (requires LIDO’s intervention).

Snapshot Estimates

• Total ADA snapped: ~14.7 billion (estimated).

• Your share:

  (Your ADA Holdings / 14.7B ADA) × 12B NIGHT  

  Example: 1,000 ADA ≈ 816 NIGHT tokens.

How to Claim NIGHT Tokens

Step-by-Step Process

1. Prepare a new Cardano address (no prior transactions) via wallets like Lace or Eternal.
2. Connect to Midnight’s claim portal during the 60-day window.
3. Sign a transaction to prove wallet ownership (no ADA sent).
4. Receive NIGHT tokens to your new address.

Critical Notes

• Privacy focus: Midnight mandates unused addresses to prevent transaction history linkage.
• DeFi users: Contact platforms like Minswap to request token distribution.

👉 Secure your NIGHT tokens today

FAQs

1. Can I claim if my ADA is on KuCoin?

Exchanges must support the airdrop. If they don’t, you cannot claim directly.

2. Will staked ADA qualify?

Likely yes, but official confirmation pending. Staking is advisable for rewards regardless.

3. What happens to unclaimed tokens?

Unclaimed tokens enter a 30-day scavenger hunt (proof-of-work model) post-drop.

4. When is Midnight’s mainnet launch?

Expected around major 2024 events (e.g., Token2049 or Cardano Summit).

Final Tips

• Act fast: The claim window lasts 60 days.
• Monitor exchanges: Kraken and others may list NIGHT post-drop.
• Maximize utility: NIGHT tokens will be integral to Midnight’s privacy tools and mining.

Stay updated by following Midnight Foundation’s announcements and prepare your wallet for this transformative airdrop!