Midnight Network is conducting a massive airdrop of 24 billion NIGHT tokens called the 'Glacier Drop' across various blockchains like Bitcoin, Ethereum, Ripple, Solana, and Cardano.
The airdrop requires users to have held at least $100 worth of crypto on the supported chains during a snapshot taken on June 11, 2025, with different token allocations based on the blockchain.
The NIGHT tokens will follow a vesting schedule, with 25% unlocked every 90 days until reaching full unlock after 360 days, and users have a 60-day window to claim their tokens starting from July 2025.
Midnight Network aims to enhance blockchain privacy using Zero-Knowledge Proofs, allowing for confidential smart contracts and selective transparency with use cases like medical records storage and private financial transactions.