Eligible wallets across eight ecosystems can now begin claiming their $NIGHT tokens during the 60-day Claim Phase of the Glacier Drop Eligible wallets across eight ecosystems can now begin claiming their $NIGHT tokens during the 60-day Claim Phase of the Glacier Drop August 5th, 2025 | London — The Midnight Tokenomics Paper, released earlier this summer, laid out the economic framework and vision for Midnight, a fourth generation blockchain redefining on-chain privacy. introduced $NIGHT, the network’s governance and ownership token, and Glacial Drop, a radically fair, multi-phase token distribution model designed to promote inclusive access. August 5th, 2025 | London Midnight Tokenomics Paper Midnight Tokenomics Paper That vision enters its next stage today with the launch of the Claim Phase of Glacier Drop, marking the beginning of $NIGHT’s distribution to eligible users across eight major blockchain ecosystems. Wallets eligible to claim $NIGHT in this phase were recorded in a snapshot taken on June 11, 2025. Any wallet holding at least $100 USD worth of native tokens on one or more of the supported blockchains—Bitcoin, Ethereum, Cardano, Solana, Binance Chain, Brave, Ripple, and Avalanche—can now connect and claim their allocation via the official Midnight Glacier Drop claim portal. The Claim Phase will remain open for 60 days, providing a wide window for participation. Bitcoin, Ethereum, Cardano, Solana, Binance Chain, Brave, Ripple, and Avalanche The Glacier Drop is being administered by Midnight TGE, the entity responsible for the $NIGHT token rollout in line with the network’s decentralisation mandate. This launch marks a major milestone in making the Midnight ecosystem accessible, equitable, and community-owned from day one. Midnight TGE Midnight TGE “The launch of Claim Phase reflects our belief that blockchain infrastructure should be open, fair, and inclusive,” said Fahmi Syed, President of the Midnight Foundation, the organization dedicated to advancing the development, adoption, and real-world impact of the Midnight network. “The launch of Claim Phase reflects our belief that blockchain infrastructure should be open, fair, and inclusive,” said Fahmi Syed, President of the Midnight Foundation Midnight Foundation “This airdrop is a rethink of how value and access can be distributed across chains, communities, and use cases and is designed to resist manipulation and encourage long-term engagement. It’s also a critical step toward bringing rational privacy to Web3, an approach that empowers users to selectively share information while meeting the requirements for compliance, transparency and decentralization.” “This airdrop is a rethink of how value and access can be distributed across chains, communities, and use cases and is designed to resist manipulation and encourage long-term engagement. It’s also a critical step toward bringing rational privacy to Web3, an approach that empowers users to selectively share information while meeting the requirements for compliance, transparency and decentralization.” Claiming Process and Redemption Period Claiming Process and Redemption Period Participants can claim their allocation by: Visiting midnight.gdConnecting a qualifying walletFollowing the secure, non-custodial claim process Visiting midnight.gd midnight.gd midnight.gd Connecting a qualifying wallet Following the secure, non-custodial claim process Once mainnet goes live, claimed tokens will enter the Redemption Period, a structured mechanism that unlocks $NIGHT in four random “thaw” events across a 360-day period, intended to prevent supply shocks and reward committed participants. What Comes Next What Comes Next Following the Claim Phase, two additional stages of the Glacier Drop will expand access: Scavenger Mine (30 days): Opens the door to those not eligible in the Claim Phase by allowing participants to complete on-chain computational work for unclaimed tokens.Lost-and-Found (four years): Enables late claims from original eligible wallets after mainnet launch. Scavenger Mine (30 days): Opens the door to those not eligible in the Claim Phase by allowing participants to complete on-chain computational work for unclaimed tokens. Lost-and-Found (four years): Enables late claims from original eligible wallets after mainnet launch. Enables late claims from original eligible wallets after mainnet launch. Each phase is designed to reinforce rational privacy, decentralization, and real-world utility. These are core tenets of the Midnight Network. Fahmi Syed, President of Midnight Foundation Fahmi Syed, President of Midnight Foundation “The Glacier Drop is to airdrops what Midnight is to privacy: a principled evolution,” added Syed. “With this launch, we’re challenging outdated models and building something that’s not only technically innovative but more equitable too.” The Glacier Drop is to airdrops what Midnight is to privacy: a principled evolution,” added Syed . “With this launch, we’re challenging outdated models and building something that’s not only technically innovative but more equitable too. ------END ----- ------END ----- About Midnight TGE About Midnight TGE Midnight TGE is a token-generating entity responsible for the initial distribution of $NIGHT to network participants. Established to support the launch and decentralization of the Midnight ecosystem, the entity ensures tokens are allocated in accordance with the project’s tokenomics and distribution schedule. For more information, visit: https://midnightTGE https://midnightTGE https://midnightTGE About Midnight Foundation About Midnight Foundation The Midnight Foundation is an organization dedicated to advancing the development, adoption, and real-world impact of the Midnight network, the privacy-enhancing blockchain project developed in conjunction with Shielded Technologies. Designed for privacy-enabling smart contracts, Midnight encourages developers to consider the power of building compliant applications with selective disclosures. It leverages zero-knowledge proofs and a cooperative tokenomics architecture—with $NIGHT as the utility token and DUST as the utility resource—to deliver a powerful combination of rational privacy, security, and decentralization. For more information, visit: https://midnight.foundation https://midnight.foundation https://midnight.foundation
