XRP holders are set to receive a share of the upcoming $NIGHT token airdrop under the Cardano-powered Midnight Network. The allocation forms part of a broader multi-chain distribution plan confirmed in a 45-page whitepaper recently published by the Midnight team.
According to the document, the $NIGHT token will be distributed across eight different blockchain ecosystems. These include XRP Ledger, Bitcoin, Cardano, Solana, Ethereum, Avalanche, BNB Chain, and Basic Attention Token. Users with a minimum of $100 worth of the native tokens in any one of these chains before the July 11 snapshot will qualify.
For XRP holders, the requirements are based on the balance of tokens held during the snapshot process. During the distribution phases, only users with at least 100 USD worth of XRP at the time will be entitled to stake their claims on the withdrawn $NIGHT tokens.
This program will release 24 billion of the $NIGHT tokens, with 12 billion already distributed among ADA users on the Cardano network. The second in the queue are the Bitcoin users, with 20 percent of the tokens representing 4.8 billion.
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Equal Token Share for XRP and Other Ecosystems
The remaining 30 percent of the $NIGHT token supply will be divided equally among holders of XRP, BAT, BNB, ETH, SOL, and AVAX. Each of these blockchains will receive an allocation of approximately 1.2 billion tokens.
The airdrop, called the Glacier Drop, will commence as early as July 2025. This first distribution period will be 60 days long. During this time, XRP users who meet the requirements can claim their share.
After that window closes, there will be another phase, the Scavenger Mine. During this round, users are also given a chance to earn their unclaimed tokens by performing particular computational tasks within 30 days.
Another way of doing it will be during the Lost-and-Found stage, which represents the final phase targeting users who missed earlier claims. At the end of four years, any unclaimed tokens will be moved to the Midnight Network’s treasury.
All the project’s tokens, namely the $NIGHT tokens, will be locked within a smart contract on Cardano to regulate their supply and effect on the market. Users will be given access to 25 percent of their tokens in four installments at intervals of a whole year.
Midnight remains in its testnet stage, but the mainnet launch has been scheduled for 90 days after the Glacier Drop concludes. Charles Hoskinson, Cardano’s founder, has also stated that Midnight may serve as a decentralized finance hub for the XRP ecosystem.
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