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In a significant move for the crypto community, Cardano's privacy-centric sidechain, Midnight, has initiated a major airdrop, distributing its native NIGHT token across multiple blockchain ecosystems. The "Glacier Drop" aims to reward eligible holders from eight major networks, including Cardano (ADA), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. The Midnight Foundation has reserved 50% of the 24 billion NIGHT tokens for ADA holders, highlighting Cardano’s central role in the project. The distribution is designed to promote long-term engagement and foster cross-chain collaboration rather than competition. [embed]https://www.twitter.com/IOHK_Charles/status/1952937008361504829[/embed]
Eligibility and Claiming Process
To qualify for the airdrop, users must have held at least $100 worth of one of the specified tokens in a self-custody wallet at the time of a snapshot on June 11, 2025. With the official claim portal now live, eligible users have a 60-day window to redeem their tokens. The process is non-custodial and requires users to connect their wallets to prove ownership. According to Midnight Foundation president Fahmi Syed, “This airdrop is a rethink of how value and access can be distributed across chains, communities, and use cases—and is designed to resist manipulation and encourage long-term engagement.”
A Phased Rollout for Long-Term Commitment
The token distribution is structured to prevent immediate selling pressure. After claiming, the NIGHT tokens will not be immediately tradable. Instead, a 360-day vesting schedule will release the tokens in four randomized unlock events, with 25% unlocking every 90 days following the mainnet launch. This phased rollout ensures that early participants are incentivized to stay with the network, aligning their interests with the project's long-term success. Unclaimed tokens will eventually be made available through a "Scavenger Mine" phase, followed by a "Lost-and-Found" period.