Summary
- Midnight Network has announced plans to distribute the entire supply of NIGHT tokens via an airdrop.
- Investors holding over $100 in native tokens on major blockchains such as Bitcoin, Ethereum, and Cardano will be eligible for the airdrop.
- The company aims to address price volatility in traditional token economies, build a multi-chain ecosystem, and enhance blockchain privacy.
Midnight Network, a blockchain focused on privacy and data protection, will conduct a NIGHT token airdrop for users of major blockchains such as Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA).
According to Decrypt on the 24th (local time), Midnight Network stated, "In the first token distribution phase, known as the Glazier Drop, 100% of the token supply will be provided," adding, "Users who held native tokens worth more than 100 USD in Cardano, Bitcoin, Ethereum, XRP, Solana (SOL), BNB Chain (BNB), Avalanche (AVAX), or Basic Attention Token (BAT) as of the snapshot taken on the 11th are eligible to receive NIGHT tokens."
In its whitepaper released on the 23rd, Midnight Network explained, "Traditional token economy models result in economic uncertainty due to price volatility," and stated, "We aim to resolve this issue by distributing the entire token supply via airdrop."
The company added, "We will build a multi-chain ecosystem spanning various chain communities and offer blockchain services with enhanced privacy and security."
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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