Particle.news

Download on the App Store

Midnight Opens Glacier Drop Claim Phase to Distribute $275M in $NIGHT Tokens

Participants can claim their tokens through a secure, non-custodial portal enforcing phased unlocks to discourage dumping ahead of the Scavenger Mine phase.

Image
Image

Overview

  • The Glacier Drop Claim Phase launched on August 5 and will run for 60 days via midnight.gd
  • Wallets holding at least $100 in assets on eight blockchains as of a June 11 snapshot are eligible to claim $NIGHT tokens
  • The Midnight Foundation held a live AMA with Fahmi Syed, Eran Barak and Charles Hoskinson to explain the non-custodial claim process
  • Claimed governance tokens will unlock in four randomized thaw events over 360 days after mainnet launch to curb dumping and reward long-term holders
  • A 30-day Scavenger Mine phase will follow the claim window, enabling users to earn unclaimed tokens through on-chain computational tasks