On November 17, 2024, Charles Hoskinson, founder of Cardano, hosted a live session on X addressing questions about the Midnight token airdrop. During the session, Hoskinson confirmed that ADA holders will receive the largest share of the $NIGHT token distribution as part of the Glacier Drop. He emphasized the airdrop is imminent and promised to release further details soon.
What Is Midnight?
Midnight is a privacy-focused blockchain developed by Input Output Global (IOG), the team behind Cardano. It aims to provide a secure platform for handling sensitive personal and commercial data while maintaining regulatory compliance. Midnight enables private interactions on the blockchain without unnecessary exposure of confidential details.
👉 Learn more about Midnight’s privacy features
How Does Midnight Ensure Privacy?
Midnight leverages advanced cryptographic techniques, including:
- Zero-knowledge proofs (ZKPs): Users can validate information without disclosing it (e.g., proving compliance without sharing customer data).
- Selective disclosure: Parties control what data is revealed during transactions.
Key Features:
- Regulatory-compatible privacy.
- Secure commercial and personal data exchange.
What Is the Cardano Midnight Airdrop?
The Midnight airdrop, dubbed the Glacier Drop, will distribute $NIGHT tokens—one of Midnight’s native tokens—to eligible participants across multiple blockchains, including Cardano.
Key Points:
- ADA holders will receive a significant portion of $NIGHT tokens.
- No official airdrop date has been announced, but updates are expected soon.
👉 Stay updated on the Glacier Drop here
How Will the Cardano Midnight Airdrop Work?
While specifics are pending, here’s the current framework:
Eligibility:
- Staked ADA holdings on Cardano.
- Holdings on other supported blockchains.
Distribution:
- Proportional allocation based on eligible balances.
Safety:
- Only trust official IOG announcements.
- Avoid scams—legitimate airdrops never ask for tokens or wallet access.
FAQs About the Midnight Token Airdrop
Q1: Who qualifies for the Midnight airdrop?
A: Primarily ADA holders, especially those staking tokens. Other blockchain participants may also be eligible.
Q2: When will the airdrop occur?
A: No confirmed date yet, but Hoskinson stated it’s "coming soon."
Q3: How can I avoid scams?
A: Ignore unsolicited requests for wallet connections or payments. Rely solely on IOG’s official channels.
Q4: What’s the purpose of $NIGHT tokens?
A: They’ll facilitate transactions and governance within the Midnight network.
Q5: Will non-ADA holders receive tokens?
A: Likely, but ADA holders will receive the largest allocation.
Q6: How will tokens be distributed?
A: Proportionally, based on eligible holdings (e.g., staked ADA).
Final Notes
The Midnight airdrop marks a significant milestone for Cardano’s ecosystem, blending privacy innovation with community rewards. Stay tuned for official updates to ensure participation.