Overview

Midnight Network has disclosed its intention to enhance blockchain privacy and smart contracts using zero-knowledge technology through the newly introduced ‘Glacier Drop’ airdrop method. This system allows users from eight different blockchains to access 100% of the distributed NIGHT tokens.

Key Points

• Midnight Network is leveraging zero-knowledge technology to ensure privacy in smart contracts.
• The ‘Glacier Drop’ airdrop will allocate all NIGHT tokens exclusively to users participating in eight leading blockchains, including Bitcoin, Ethereum, and Solana, through a multi-phase approach.
• The snapshot for eligibility has already been completed, with claims set to commence in July, incorporating measures to prevent Sybil attacks and ensure token stability.

For more details, visit Midnight Network.

Additional Context

The initial phase permits users holding at least $100 in native tokens to claim their full allocation within a 60-day period. It will be succeeded by a 30-day Scavenger Mine phase, redistributing unclaimed tokens through computational tasks akin to a proof-of-work mechanism. Furthermore, a four-year Lost-and-Found phase will be accessible after the mainnet launch later this year for claimants who missed the original allocation window.

Fahmi Syed emphasized that this method embodies the project’s vision of ‘rational privacy,’ offering developers the ability to control data transparency on-chain.