Cardano’s Midnight Network to Airdrop 24 Billion NIGHT Tokens—BTC, SOL Holders Get Priority

Midnight Network—Cardano's privacy-focused blockchain—just dropped a bombshell: 24 billion NIGHT tokens are hitting crypto wallets. And guess who’s first in line? Bitcoin and Solana holders.

The Airdrop Gold Rush

Forget mining—free tokens are the new crypto lottery. Midnight’s dumping billions into the market, targeting BTC and SOL holders like a laser-guided financial stimulus. Will it pump adoption or just another ‘hold-and-pray’ play?

Privacy Meets Distribution

Cardano’s betting big on privacy with Midnight. But let’s be real—airdropping tokens is less about tech and more about marketing. Cue the ‘number go up’ brigade.

The Fine Print

24 billion tokens sounds massive until you do the math. Spread across millions of wallets, this might be crypto’s version of ‘a penny for your thoughts.’

Wake us when the speculative frenzy begins—or when the SEC files another lawsuit. Whichever comes first.

Cardano holders to get most of the airdrop supply

According to information from the released whitepaper, there is a cumulative supply of 24 billion NIGHT tokens.  Out of the 24 billion tokens, Cardano participants will receive 50% or 12 billion NIGHT. Bitcoin holders will also get 20% of the supply, totaling 4.8 billion tokens.

Meanwhile, the rest of the supply will be distributed equally (according to CoinMarketCap Data) among holders of the remaining eligible assets, including XRP, ETH, BAT, BNB, SOL, and AVAX. This means XRP users will get 1.4 billion NIGHT tokens.

What individuals will get will depend on their holdings during the snapshot. Thus, ADA and bitcoin whales eligible for the airdrop will likely get the most NIGHT tokens. Unsurprisingly, ADA and other altcoins have seen a sizable jump in value over the last 24 hours.

Eligible airdrop participants will start getting tokens in July

Meanwhile, Midnight stated that participants can claim their NIGHT token allocation for the next two months, starting in July.  Once this phase has ended, the second phase, Scavenger Mine, will start immediately and last for 30 days, while the Lost and Found phase is set to last for four years.

However, all claimed tokens in the first two phases will be locked for a period, with vesting happening at 25% per unlock every 90 days for 360 days. This scheduled unlock has been classified as a Thawing and Redemption Period, and likely implemented to prevent immediate dumping on the part of the claimants. In the next four years, 25% of the claimed tokens will be released across four installments for claimants.

Interestingly, claimants can either claim all their allotted tokens using the vesting schedule or wait till the end of the 360 days and claim at once. The claim portal will remain open for another 90 days after the last vesting to allow for redemptions for three extra months.

Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites