The crypto community has reacted in force to the launch of Cardano Midnight Network’s highly anticipated NIGHT token. After the launch on August 5, the crypto community was flooded with requests for the NIGHT token airdrop. “Glacier Drop” Phase, more than 250 millions NIGHT tokens were claimed by over 11,000 wallets on eight major blockchains.
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It is important to note that the word “you” means “you”. Midnight claim portalThe wallet is now available and supports Cardano as well as Bitcoin, Ethereum, XRP Solana BNB Avalanche BAT Brave. This multi-phased distribution is open to 33.6 millions wallets.
ADA's prices are trending sideways in the daily chart despite the much-anticipated Cardano NIGHT Airdrop. Source: ADAUSD on Tradingview
Airdrop Phased Mechanics & Cross-Chain Applicability
Holders from other networks will also be included in this drop. Cardano users are entitled to the biggest share of 50%, which is the 24 billion total NIGHT tokens. This claim is intended to be fair. Users are required to confirm their eligibility, sign the transaction and then verify that they meet all requirements.
After 60 days of this first phase, a second one (Scavenger Mine), in which users are able to earn unclaimed tokens via on-chain computing tasks will be launched. Third “Lost-and-Found” Stage will start post-mainnet, and late claims can be made for only a fraction of original allocation.
Cardano users affected by Ledger wallet glitch
Even though the hype is high, things have not always gone as planned. ADA users using Ledger wallets have reported problems when trying to make claims. NIGHT tokens.
Cardano founder Charles Hoskinson said that Ledger’s firmware is the culprit, as it currently allows message signing to be done with only 31 bits, far less than the 251 bits needed for Glacier Drop.
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Cardano’s developers are working to find a solution. They encourage affected users, who have not yet experienced the issue, to do so later this month. “If you are one of the impacted people, then come back towards the end of the month and try again,” Hoskinson informed on X.
The $71M upgrade fails to lift the ADA price
Unexpectedly, Cardano’s recent $71-million network upgrade failed to impress the market. The update, designed to improve smart contracts performance and scalability has had little impact on the price of ADA, which is hovering around $0.72. This represents a 2.92% decrease in the past 24 hours.
Chart from Tradingview, with ADAUSD cover image.
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Source: www.newsbtc.com
