Midnight Network Launches $NIGHT Tokenomics with a Fair Distribution Model, Promoting Privacy and Inclusive Access
Midnight Network, an advanced smart contract blockchain focused on privacy, has just released the first tokenomics report for the $NIGHT token, along with a new distribution model called Glacier Drop. This is considered a strategic move not only to introduce the token to the global user community but also to redefine how airdrops should be designed in the modern blockchain landscape.
Glacier Drop Three-Phase Airdrop Aims for Fairness and Anti-Manipulation
Midnight has developed a three-phase token distribution framework to ensure transparency, fairness, and resistance to fraudulent behavior common in previous airdrops:
Phase 1 Claim (60 days): Users who own native tokens from eight major blockchain ecosystems Bitcoin, Ethereum, Cardano, Binance Chain, Solana, Avalanche, Ripple, and Brave are eligible to receive $NIGHT tokens. The condition is that the wallet holds at least $100 of native tokens at the time of the previous snapshot.
Phase 2 Scavenger Pool (30 days): Anyone can contribute to Midnight's launch by completing computational tasks similar to "Proof of Work" to reclaim unclaimed tokens from the previous phase.
Phase 3 Lost and Found (4 years): After Midnight mainnet launch, eligible wallets that have not yet received tokens in the first phase will have the opportunity to reclaim rewards through self-validation methods.
The entire 100% of the initial $NIGHT supply will be distributed to the community via Glacier Drops, ensuring that no venture capitalists or development teams will hold onto them before the network is fully decentralized.
Thaw Mechanism Reduce Supply Shock, Promote Long-Term Use
$NIGHT tokens will not be distributed en masse immediately after a successful claim. Instead, Midnight will use a “thaw unlock” mechanism with four randomly timed distributions over 360 days. This is to limit sudden sell-offs that cause sharp price fluctuations and encourage users to hold tokens long-term, contributing to the sustainable development of the network.
$NIGHT and the Vision of Reasonable Privacy
According to Fahmi Syed, President of the Midnight Foundation, one of the biggest barriers to real-world blockchain adoption comes from absolute transparency. While transparency is at the core of blockchain technology, it also inadvertently exposes personal and corporate data that is not in line with security, compliance, and legal standards.
Midnight addresses this issue with a selective approach: enabling private smart contracts with the ability to control what data is public and who has access to it. This feature, called “reasonable privacy,” balances security and transparency, making it suitable for real-world applications in business and society.
Glacier Drop is not just a token distribution strategy, but a direct extension of that philosophy. It reflects the desire to build a fair network, against the old airdrop models dominated by centralized power groups and automated farming tools.
Midnight Foundation and Midnight TGE Two Pillars of the Ecosystem
The Cayman-based Midnight Foundation is responsible for overseeing the long-term development and social impact of Midnight Network. The Foundation aims to drive adoption of private blockchain technology, supporting developers in building applications that comply with enterprise and international standards.
Meanwhile, Midnight TGE, the official token issuer, is in charge of executing the Glacier Drop strategy, ensuring that the distribution of $NIGHT adheres to tokenomics principles, ensuring transparency and legal compliance.
Conclusion: A New Milestone for Token Distribution and Secure Blockchain
Midnight Network is laying the groundwork for a revolution in both token design and airdrop models. Glacier Drop is a clear demonstration of how a project can prioritize fairness, transparency and privacy from the very beginning.
The combination of zk-SNARKs (zero-knowledge proofs), private smart contracts, and a community distribution mechanism shows that Midnight is not just a new blockchain, but a new direction for the entire industry, where users are truly at the center, and security does not mean compromising usability.
The project is currently receiving special attention from the Cardano community and other major blockchain ecosystems. With a clear vision, innovative technology, and a differentiated distribution strategy, Midnight could become one of the pioneering projects that bring the concept of programmable privacy to the new standard of Web3.