Midnight Network announces NIGHT Token Airdrop plan involving eight major Blockchain ecosystems.

[Chain News] PANews, June 24 - According to reports, the privacy-focused blockchain project Midnight Network has released its tokenomics white paper and announced the native NIGHT token "Glacier Airdrop" mechanism in advance, with token claims set to open next month. The "Glacier Airdrop" will be conducted in three stages, involving Bitcoin, Ether, and eight major blockchain ecosystems.

Starting from July, within a 60-day claim period, qualified wallets holding at least $100 worth of native Tokens at the time of the pre-snapshot can claim the full quota. This is followed by a 30-day "Treasure Mining" phase, where unclaimed Tokens will be redistributed to participants who complete computational tasks through a mechanism similar to Proof of Work. After the mainnet goes live later this year, it will enter a four-year "Lost and Found" phase, where original claimants who missed the initial claim can recover a portion of their quota through self-verification. To prevent supply shocks, NIGHT Tokens will be randomly unlocked in four phases over 360 days. Fahmi Syed, chairman of the Midnight Foundation, stated that this mechanism embodies the vision of "Rational Privacy," allowing developers to finely control on-chain data sharing. The qualification snapshot has been completed and is now open for inquiries.