On November 17, 2024, Charles Hoskinson, the founder of Cardano, held a live session on X, where he addressed questions about the Midnight token airdrop. During the session, a viewer asked whether the Midnight token airdrop would also include ADA holders. Hoskinson confirmed that ADA holders will receive the largest share of the $NIGHT token distribution as part of the Glacier Drop. He added that the airdrop is coming soon and promised to share more detailed information in the near future.
Cardano founder Charles Hoskinson broadcasted live session on X where he talked about Midnight token airdrop. What Is Midnight?
Midnight is a privacy-focused blockchain developed by Input Output Global (IOG), the team behind Cardano. The project seeks to create a secure way to handle sensitive personal and commercial data while complying with regulatory requirements. It is designed to enable individuals and businesses to interact on the blockchain without revealing private details unnecessarily.
How Does Midnight Ensure Privacy?
At its core, Midnight uses advanced cryptographic techniques like zero-knowledge proofs (ZKPs). These allow users to prove they know or possess certain information without actually revealing it. For example:
A business could prove compliance with a regulation without sharing sensitive customer data.
Individuals could transact privately without exposing their financial details.
What Is the Cardano Midnight Airdrop?
The Cardano Midnight airdrop is part of the broader rollout of the Midnight blockchain. Midnight is a privacy-focused blockchain developed by Input Output Global (IOG), Cardano’s parent company. Its goal is to enable users and businesses to interact securely on the blockchain while maintaining data privacy and complying with regulations.
The airdrop will distribute $NIGHT tokens, one of the two native tokens of the Midnight network. This event, referred to as the “Glacier Drop,” aims to distribute tokens fairly across multiple blockchain networks, including Cardano. Hoskinson has emphasized that ADA holders will receive a portion of the $NIGHT tokens, rewarding their loyalty and contribution to the Cardano ecosystem.
As of now, no exact date for the airdrop has been announced, but Hoskinson assured that further details will be shared soon.
You May Also Like: Charles Hoskinson Pushes Forward New U.S. Crypto Policy Plans
How Will Cardano Midnight Airdrop Work?
Although many details remain undisclosed, here’s what we know so far:
Eligibility: The Glacier Drop will consider staked ADA balances on the Cardano network, as well as holdings on other major blockchains.
Distribution Model: Tokens will likely be distributed proportionally to eligible users, rewarding active participation in the ecosystem.
Safety Precautions: IOG advises users to rely only on official announcements and avoid scams. Legitimate airdrops do not require users to send tokens or connect wallets to unknown platforms.
The post Cardano Midnight Token Airdrop: Everything You Need to Know appeared first on CoinChapter.
