XRP holders, see if you're eligible for NIGHT tokens in the Midnight Network's Glacier Drop! This guide breaks down eligibility, phases, and what it means for you.

NIGHT Tokens and XRP Holders: Checking Your Eligibility for the Glacier Drop

The crypto world is buzzing about the Midnight Network's Glacier Drop, especially for XRP holders! If you were holding XRP back in June 2025, you might just be in luck. Let's dive into what this means for you.

Are You Eligible? The XRP Holder's Eligibility Check

So, how do you know if you qualify for these coveted $NIGHT tokens? Here's the lowdown: you needed to hold at least $100 worth of XRP on June 11, 2025, when the snapshot was taken. This snapshot snagged wallet balances across various blockchains, including XRP Ledger, Bitcoin, Ethereum, and Cardano. This measure ensures a fair distribution, rewarding genuine blockchain community members and warding off those pesky Sybil attacks and airdrop farmers.

The Glacier Drop: A Multi-Phase Event

The Midnight Network isn't just dropping tokens willy-nilly; they've got a whole process! The Glacier Drop unfolds in three phases:

• Claim Phase (60 days): This is your initial window to snag your $NIGHT allocation. Eligible XRP holders can redeem their tokens based on how much XRP they held at the snapshot.
• Scavenger Mine (30 days): Missed the first phase? No sweat! This phase lets others earn unclaimed NIGHT tokens by contributing computational power via a proof-of-work system.
• Lost-and-Found (4 years): Still missed out? This phase offers a final chance to retrieve allocated tokens. However, the availability of tokens will vary based on how many were left unclaimed. After the 4 years any tokens left will be sent to the treasury.

Understanding the $NIGHT Token Distribution

The $NIGHT token is the main utility token within the Midnight Network, boasting a total supply of 24 billion. A sizable chunk is being distributed through the Glacier Drop. Cardano holders are set to receive the lion's share (50%), while XRP holders are in line for 1.2 billion tokens, part of the 7.2 billion allocated across six blockchains. The amount of $NIGHT you get depends on your XRP holdings at the time of the snapshot.

Claiming and Locking: What to Expect

If you're eligible, you can claim your $NIGHT tokens starting in July 2025. The process is straightforward, requiring a wallet signature and submission of a Cardano address. The best part? No fees or KYC verification needed! Once claimed, your $NIGHT tokens will be locked into a Cardano-based smart contract. These tokens “thaw” in four installments over the next year, promoting long-term network participation and minimizing market volatility.

A Personal Take on the Midnight Network

It's pretty cool to see how the Midnight Network is trying to create a more equitable distribution model. Locking the tokens initially seems like a smart move to prevent massive sell-offs and encourage a more stable ecosystem. Plus, the multi-phase approach gives everyone a fair shot at participating.

Wrapping Up

So, XRP fam, check your eligibility, mark your calendars for the claim phase, and get ready to potentially snag some $NIGHT tokens! Who knows, this could be the start of something big. Good luck, and happy claiming!