Cardano Founder Confirms "Largest Airdrop Ever" for XRP Holders
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Midnight Network: Powering the Airdrop
The colossal airdrop originates from the Midnight network, a new privacy-focused sidechain being developed for the Cardano ecosystem. The tokens to be distributed are NIGHT tokens, which are native to the Midnight network. This strategic move aims to expand the Midnight network's reach and foster its initial decentralization by distributing its foundational tokens to a broad base of existing crypto holders.
According to Midnight's tokenomics, XRP holders are specifically allocated 5% of the total 24 billion NIGHT tokens planned for distribution. This translates into a staggering 1.2 billion NIGHT tokens reserved for the XRP community. Eligibility for this massive airdrop was determined by a snapshot taken on June 11, with the allocation proportional to the amount of XRP held by individuals at that time.
Claiming Your NIGHT Tokens
The claim page for the Midnight airdrop officially went live on July 15, initiating a 60-day window for eligible participants to redeem their allocated NIGHT tokens. This provides ample time for XRP holders who meet the criteria to secure their share of what promises to be a landmark event in the crypto space. The involvement of major ecosystem native tokens like XRP in such a large-scale distribution underscores a growing trend of cross-chain collaboration and community engagement within the blockchain industry. This airdrop represents a unique opportunity for XRP holders to become early adopters and stakeholders in the Midnight network.
