According to CryptoComLearn, the GlacierDrop phase of Midnight Network's $NIGHT token airdrop will conclude on October 20, 2025. Eligible users receive gas-free token allocations during this period, marking a key distribution event before the mainnet launch.
Token Minting and Allocation
Midnight Network minted a total of 2.4 billion $NIGHT tokens on the Cardano blockchain. The allocation breakdown is as follows: 41.18% to the foundation for ecosystem governance and growth, 35.29% to reserves for market stability and future incentives, and the remainder for the mainnet launch and treasury. The structure reflects a balanced approach to long-term sustainability.
Unclaimed Token Mechanism
Any $NIGHT tokens not claimed by the deadline will not be burned but instead rolled over to the next distribution phase, expected to begin in November 2025. Unclaimed tokens will be reallocated, providing opportunities for new qualifying participants. This mechanism prevents waste and extends reach.
Market Context and Ecosystem
At press time, Cardano's native token ADA rose +1.22% in 24 hours, while $NIGHT fell -4.39%, reflecting short-term selling pressure near the airdrop's end. Midnight Network is a privacy-focused sidechain on Cardano, providing data protection and compliance tools. Its tokenomics balance foundation governance, reserves, and community incentives.
Notably, Cardano founder Charles Hoskinson recently shut down his health clinic to focus entirely on Cardano and Midnight Network, underscoring the project's strategic importance. Meanwhile, the Cardano ecosystem is advancing with upgrades like Lace 2.0 to enhance Web3 wallet experiences ahead of a hard fork.
All airdrop participants should check their eligibility and official channels promptly to avoid missing the final window. The future circulation and exchange listings of $NIGHT remain unannounced, but the market is closely watching its value discovery post-mainnet.