After the first week of Glacier Drop, participants have now claimed over 1 billion NIGHT tokens.
The momentum behind Glacier Drop is building and participants are moving fast. After just the first week of Glacier Drop, more than 4% of the 24 billion NIGHT tokens have already been claimed. Tens of thousands of participants from across Web3 communities have made a claim, marking a significant first step in expanding the Midnight community.
Glacier Drop is the continuation of years of hard work across many dedicated teams across Midnight Foundation, Shielded Technologies, IOHK and the wider Midnight community.
The Glacier Drop token distribution model is a foundational step in building the Midnight community, reflecting a deliberate strategy for inclusive growth. The initial Glacier Drop invites members from eight established blockchain communities, recognizing their contributions to Web3. This targeted approach is then complemented by the Scavenger Mine, the second phase designed to create an opportunity for anyone to participate.
A network’s properties are determined by each and every person who participates in that network. Widespread participation in this first phase of the token distribution is what builds decentralization and resilience from day one.
The Midnight Foundation’s goal is a positive-sum, cooperative future for Web3, and it starts here. This is an opportunity to join a community that isn't trying to replace other ecosystems, but to build utility, collaboration and rational privacy. Joining now means becoming a founding participant in a network built on collaboration from the beginning.
What’s next
The Midnight launch is a multiphase event. Right now, nearly 34 million addresses are eligible to claim NIGHT. After that, the doors open for everyone else to get involved and claim the tokens that remain unclaimed tokens from the first phase. Don't miss your moment.
Glacier Drop claims are open
The Glacier Drop claim period continues until October 4, 2025, at 13:00 UTC.
The official portal contains an eligibility checker, step-by-step instructions, and a verified list of compatible wallets. Regular updates on supported wallets and addresses will be published on the official TGE website.
- Access the official claim portal at: claim.midnight.gd
Phase 2: Scavenger Mine
Glacier Drop is just the beginning. Phase 2, the Scavanger Mine, throws the doors wide open to everyone who wants to take part. It rewrites the rules of network participation, creating a level playing field that professional, large-scale mining operations cannot dominate.
You don't need a specialized mining rig or a massive investment. The Scavenger Mine is built for you to use the computer you already own. This design allows anyone, including those new to DApps or blockchain wallets, to have a fair chance to participate in the Scavenger Mine phase.
Over the 30-day Scavenger Mine period, anyone can claim a previously unclaimed portion of NIGHT tokens. It’s a fresh opportunity to earn NIGHT tokens every day, for 30 days. By completing simple computational tasks, participants can claim a share of that day's rewards. Once a 24-hour window closes, that day's reward is distributed amongst that day’s participants. Each day is a new chance to participate.
Midnight mainnet will launch after Scavenger Mine is complete.
Learning about the NIGHT token
NIGHT is Midnight’s utility token and the central component in the network’s tokenomics. The tokenomics and incentives whitepaper explains its core attributes, properties, and introduces its multiple roles in the ecosystem, including:
- Resource generation: NIGHT primarily powers the network's resource-generating function, granting users access to DUST. Network participants can hold NIGHT to generate the DUST resource which is used for transactions and smart contract execution.
- Block production rewards: NIGHT will be distributed as a reward to incentivize block production rewards via a protocol-managed token Reserve.
- Decentralized governance: it is intended that NIGHT will be used to allow holders to participate in a future decentralized on-chain governance system.
- Ecosystem incentives: it is expected that a NIGHT on-chain Treasury will be used to fund Midnight ecosystem growth activities and projects that are selected via future on-chain governance mechanics.
The DUST resource
DUST is the shielded resource that powers Midnight transactions. DUST is continually generated from NIGHT token. The tokenomics and incentives whitepaper explains the role of DUST, its relationship with NIGHT, and the basic mechanics behind the resource’s generation and decay mechanisms.
Cooperative tokenomics
Along with a multichain-enabling architecture, Midnight’s cooperative tokenomics design will allow the network to become a truly interoperable layer and emerge as a connecting tissue across all kinds of networks. The whitepaper offers a view of the mechanisms for network access expansion and a multichain future for Web3, including:
- The concept of a capacity marketplace to expand network access.
- Potential capacity marketplace models, both off- and on-chain.
- How these marketplaces could enhance the on-chain Treasury.
Stay informed
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