Midnight Network Launches Scavenger Mine of Glacier Drop: The 2nd Phase of Night Token Distribution
The Midnight Tokenomics Paper, launched earlier this summer season, laid out the financial framework and imaginative and prescient for Midnight, a fourth-generation blockchain redefining on-chain privateness. It launched $NIGHT, the community’s governance and possession token, and Glacial Drop, a radically truthful, multi-phase token distribution mannequin designed to advertise inclusive entry.
That imaginative and prescient enters its subsequent stage right now with the launch of Scavenger Mine, the second part of the NIGHT token distribution. This part is open to everybody, requiring solely an internet browser on a desktop or laptop computer laptop and an web connection. No prior technical expertise or ecosystem affiliation is required.
How to Participate
Participation requires no specialised software program because it all takes place inside a browser window on a desktop or laptop computer laptop. Smartphones will not be supported. Here’s how one can get began:
- Register: You will have the ability to entry the portal via sm.midnight.gd, then you possibly can register. Connect a verified Cardano wallet or enter your Destination handle manually, then learn and settle for the Token End User Agreement.
- Sign: Next, signal the distinctive declare message. This message comprises your Destination handle, a hash of the phrases, and an acceptance assertion, which binds your handle to the present browser.
- Start: Click ‘Start’ to start processing options. The app will run so long as your machine and browser stay lively. To maximize your potential allocation, you possibly can run the occasion for the total 24-hour interval every day.
How tokens are allotted
During Scavenger Mine, all unclaimed tokens from the primary part shall be processed and apportioned between individuals, core community constituents, and the third declare part (Lost-and-Found).
Approximately 626 million NIGHT tokens shall be obtainable for Scavenger Mine individuals. This complete is split equally throughout the 21 days of the occasion, which means almost 30 million NIGHT tokens can be found in every 24-hour declare cycle, which begins each day at 00:00 UTC. The Scavenger Mine part will conclude on November twentieth at 00:00 UTC.
At the tip of every cycle, a snapshot is taken. Participants obtain allocations proportional to the quantity of options to cryptographic challenges they submit relative to the overall options submitted by all individuals throughout that cycle.
A reminder about official channels
Remember that official information and knowledge associated to Scavenger Mine shall be posted on midnight.gd/news. Always double-check the URL earlier than connecting a pockets.
For all assist questions, confer with the FAQs.
For all the most recent updates, comply with Midnight Network on X.
Also, an essential reminder that the one official Midnight social accounts on X are @MidnightNtwrk and @midnightfdn and the one expertise accomplice account is @shieldedtech.
Don’t work together with pretend Midnight accounts, and:
- Always double-check handles
- Never click on suspicious hyperlinks
- Report and block impersonators
If you aren’t positive if one thing is actual, verify midnight.network or midnight.gd.
About Midnight TGE
Midnight TGE is a token-generating entity answerable for the preliminary distribution of $NIGHT to community individuals. Established to assist the launch and decentralization of the Midnight ecosystem, the entity ensures tokens are allotted in accordance with the challenge’s tokenomics and distribution schedule.
For extra data, go to: https://midnightTGE
About Midnight Foundation
The Midnight Foundation is a corporation devoted to advancing the event, adoption, and real-world affect of the Midnight community, the privacy-enhancing blockchain challenge developed at the side of Shielded Technologies. Designed for privacy-enabling sensible contracts, Midnight encourages builders to think about the facility of constructing compliant functions with selective disclosures. It leverages zero-knowledge proofs and a cooperative tokenomics structure—with $NIGHT because the utility token and DUST because the utility useful resource—to ship a robust mixture of rational privateness, safety, and decentralization. For extra data, go to: https://midnight.foundation
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