• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Wiki Finance Expo, Thailand (April 24, 2026)
    • Wealth & Tech Summit, Dubai (May 8, 2026)
    • Digital Assets Forum, Abu Dhabi (May 13, 2026)
    • Digital Assets Week in USA, New York (May 13-14, 2026)
    • Online Trading Expo, Hong Kong (May 27-28, 2026)
    • Blockchain Futurist Conference, Toronto (July 21-22, 2026)
    • Wiki Finance Expo, Hong Kong (July 23-24, 2026)
    • Digital Assets Week in London (October 6-7, 2026)
    • 5th Fintech Week & Expo, Frankfurt (October 7-8, 2026)
    • iCrypto Awards: People’s Choice, Dubai (December, 2026)
  • Past Events

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Midnight Network Launches Claim Phase of Glacier Drop: A New Standard in Fair Token Distribution

August 10, 2025 By Crypto Reporter PR

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.

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.

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.

“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.

“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

Participants can claim their allocation by:

  • Visiting 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

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.

Each phase is designed to reinforce rational privacy, decentralization, and real-world utility. These are core tenets of the Midnight Network.

“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.”

Filed Under: Press Releases

Primary Sidebar

Follow Us

Press Releases

GCEX and Cumberland Partner to Strengthen Spot Crypto Liquidity for Institutional Clients

April 21, 2026

EURAU Launches on the Stellar Network

April 21, 2026

Crypto Finance, AMINA, and Incore Bank Complete Second-Phase Payment Infrastructure Pilot on Google Cloud Universal Ledger for Instant Account-to-Account Transfers

April 21, 2026

IGAM GLOBAL Intelligent Trading System: Creating a safe and efficient new investment experience for users

April 21, 2026

Crypto to Buy Now Before 1000x IPO Genie ($IPO) Surges Past Nexchain With Audited Contracts and Whale Frenzy

April 21, 2026

Online Trading Expo

Blockchain Futurist Conference

Wiki Finance Expo

5th Fintech Week & Expo 2026

iCrypto Awards

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2026 Crypto Reporter