Users with a minimum $100-equivalent Balance on any of 8 major Blockchain Networks (during the snapshot on June 11 00:00 UTC) are eligible for Cardano’s Midnight Glacier Airdrop

The Midnight network is distributing its NIGHT tokens through a multi-phase distribution process, aiming to empower a diverse community. The NIGHT token is used to generate DUST, a shielded network resource that powers transactions, promoting sustainable operations and enabling free transactions for holders who generate enough DUST. The process consists of three Claim phases and a Redemption period, where eligible participants can claim token allocations without purchase. The token supply will be allocated as follows:

Claim Phase 1: Glacier Drop

• 50% to ADA holders
• 20% to BTC holders
• 30% split among holders of ETH, SOL, XRP, BNB, AVAX, and BAT, in proportion to their relative USD value

Claim Phase 2: Scavenger Mine

100% of unclaimed tokens from the Glacier Drop phase will be:

• Distributed among participants
• Allocated to core network constituents (Midnight Foundation, Midnight TGE, Reserve, and on-chain Treasury)
• Carried over to the next claim phase (Lost-and-Found)

Claim Phase 3: Lost-and-Found

In the Lost-and-Found phase, eligible individuals who missed the Glacier Drop claim phase can claim a fraction of their original token entitlements from the remaining tokens in the Lost-and-Found pool.

Source: https://www.midnight.gd/#timeline