HomeCrypto NewsMarketMidnight Glacier Drop Claim Portal Now Open for XRP and Cardano Users

Midnight Glacier Drop Claim Portal Now Open for XRP and Cardano Users

Date:

Written By:

spot_img

The team behind the Midnight Network has launched the claim portal for the Glacier Drop, opening up the first phase of the NIGHT token distribution.ย 

Following the launch, 33.6 million eligible addresses across eight major blockchains can now claim their free NIGHT tokens on the portal. The supported blockchains include XRP Ledger, Cardano, Solana, Bitcoin, BNB, Ethereum, Basic Attention Token, and Avalanche.ย 

Notably, the Glacier Drop portal went live just a day after Cardano founder Charles Hoskinson teased its launch in a cryptic tweet. It was captioned โ€œtomorrow kidsโ€ and was accompanied by a GIF, which reads โ€œSo it begins.โ€ย 

Expectedly, the post elicited several reactions, with users suggesting that the team was preparing to launch the Glacier Drop claim portal. Interestingly, the portal has gone live, enabling eligible users to claim their NIGHT tokens.ย 

How to Claim NIGHTย 

Users can claim their tokens in four steps. The first step involves visiting the claim portal and connecting the โ€œorigin address.โ€ It is worth noting that the origin address is the same as the one that qualified for the airdrop.ย 

Upon connecting this address, users can provide a destination address to receive the free NIGHT allocations. To complete the claim, users must accept the terms and conditions and also sign the transactions.ย 

Phases of NIGHT Airdropย 

The Glacier Drop, which is the first phase of the claim, will last 60 days. Once this phase ends, the Scavenger Mineโ€“the second phaseโ€“will commence immediately for the next 30 days.ย 

During this phase, users are required to complete computational tasks to earn a share of unclaimed tokens. Eligible users who missed the Glacier Drop will be presented with another opportunity to claim their tokens in a subsequent phase dubbed Lost-and-Found. Any unclaimed tokens after this event will be allocated to the Midnight treasury.ย 

ADA Holders Remain Biggest Gainersย 

Although the Glacier Drop supports addresses from major blockchains, Cardano users will receive the lion’s share. As previously reported, 50% of NIGHTโ€™s token supply, equivalent to 12 billion tokens, is reserved for ADA holders. 20% of the supply, translating to 4.8 billion tokens, will be allocated to eligible users on the Bitcoin network.ย 

The remaining 30% supply, or 7.2 billion NIGHT, will be split among Avalanche, XRPL, Solana, Basic Attention Token, BNB, and Ethereum users.ย 

According to sources, Over 33 million addresses are eligible for claims:

ADA: 1,072,307

BTC: 17,562,278

XRP: 2,213,942

ETH: 7,862,092

SOL: 3,465,122

BNB: 1,213,677

AVAX: 227,793

BAT: 24,605

Usersโ€™ individual holdings of eligible tokens at the time of the snapshot will determine the amount of tokens they will receive.ย 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

More from Author