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HomeCrypto NewsMarketXRP Holders Now Have Only 10 Days to Claim NIGHT Tokens

XRP Holders Now Have Only 10 Days to Claim NIGHT Tokens

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Holders of XRP and Cardano (ADA) may be at risk of missing out on a historic airdrop.

Notable Cardano community member Rick McCracken has sent a gentle reminder to eligible beneficiaries of the Midnight (NIGHT) airdrop.

In a tweet today, McCracken reminded the beneficiaries that they only have 10 days left to claim their NIGHT tokens from the portal. The screenshot indicates that users have roughly 10 days and 12 hours left to claim NIGHT tokens before the first phase of the claim window closes. 

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For context, the Midnight team launched the claim portal on August 5, enabling 33.6 million addresses across eight blockchains to claim their free NIGHT tokens. The supported blockchains include Cardano, XRP Ledger, Bitcoin, Ethereum, Avalanche, Solana, Basic Attention Token, and BNB. 

The team allocated 50% of the NIGHT supply to Cardano holders, 20% to Bitcoin users, while the remaining 30% is shared among the other six supported blockchains.

Although some users initially faced difficulties claiming their tokens, the team has resolved most of the glitches, enabling broader access to the airdrop.

Number of Claims 

In an August 19 update, Cardano founder Charles Hoskinson disclosed that 69,105 addresses across all networks have claimed roughly 1.32 billion NIGHT tokens, representing 5.5% of the 24 billion supply. 

At the time, Cardano users comprised 61.3% of total claims, with Bitcoin and XRP holders contributing 19.43% and 5.72%, respectively. On August 23, he revealed that over 70,000 eligible users have claimed more than 1.6 billion NIGHT tokens. 

Subsequent Phases 

With 10 days remaining before the initial phase claim portal closes, the Glacier Drop will conclude on October 4 at 12:00 p.m. (UTC). Once the Glacier Drop concludes, the next phase, called the Scavenger Mine, will commence immediately over the next 30 days. During this phase, users will earn portions of unclaimed NIGHT for completing computational tasks. 

Subsequently, the team will give eligible beneficiaries who missed out on the Glacier Drop the opportunity to claim NIGHT during the Lost and Found phase. Afterward, any leftover NIGHT will be sent to the project’s treasury. 

The claimed tokens will be released in four installments of 25% each, distributed to users’ destination addresses over the course of one year.

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.

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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